Explain Some Considerations for Choosing the Appropriate Evidence-Gathering Technique

question 31

Essay

Explain some considerations for choosing the appropriate evidence-gathering technique.
To choose the appropriate technique, the forensic accountant should consider the following factors: the type of fraud believed to have been perpetrated; whether the fraud is ongoing; the extent of the fraud; the extent to which the investigation can be kept secret; the condition of the financial records, other source documents, and physical evidence; the sophistication of the suspect and whether collusion exists; the cost of applying a given method; the psychological and organizational impact of applying the given method; and the objectives of the investigation.

---

Definitions:

Social Cue

Signals and signs that guide social interactions by indicating the behaviors and responses expected in certain contexts.

Stereotype

A widely held but oversimplified and generalized belief about a particular category of people or things.

Conflict Theory

A perspective that views social life as a competition, with social groups struggling over resources and power, leading to social change.

Valued Resources

Those assets or materials considered of high importance or worth by a society or individual, often critical for survival or well-being.