Demand for Forensic Accounting Has Grown Following the Collapsof Enron

question 43

Essay

Demand for forensic accounting has grown following the collapsof Enron and Worldcom. Explain the important characteristics of forensic accountants and the main techniquthey use to investigate fraud.

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Definitions:

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts or feelings to someone else.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Displacement

A psychological defense mechanism where an individual redirects their emotions or reactions from the original source to another object or person.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.