Fraud Chapter 11 Powerpoint

The the dynamics of ffca cases can be quite the

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Unformatted text preview: A cases can be quite The different than typical cases. different Accountants have a unique role to play in Accountants FFCA cases. FFCA Chapter 11 Forensic and Investigative Accounting 29 Accountant’s Role in Federal False Accountant’s Claims Act Litigation Claims Typical questions that accountants help courts to answer Typical are: are: – What costs should be included in the contract? – How should costs be measured under the contract? – What is the correct timing of the costs and/or What revenues under the contract? revenues – What accounting concepts, rules, etc., apply under What this contract? this – What is the magnitude of the damages that occurred What because of the fraud that took place? because Chapter 11 Forensic and Investigative Accounting 30 Accountant’s Role in Federal False Accountant’s Claims Act Litigation Claims Under the Federal False Claims Act, a person Under acts knowingly with respect to information if the knowingly person has: person – Actual knowledge of information. – Acts in deliberate ignorance of the truth or Acts falsity of the information. falsity – Acts in reckless disregard of the truth or Acts falsity of the information. falsity Chapter 11 Forensic and Investigative Accounting 31...
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This note was uploaded on 10/01/2012 for the course ACCT 7021 taught by Professor Na during the Spring '12 term at American.

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