Professional Documents
Culture Documents
Chapter 1
Introduction to Forensic and
Investigative Accounting
The Federal Governments $787 billion economic stimulus and bailout programs
will be breeding grounds for fraud, waste, and abuse. Dan Weil estimates that up
to $50 billion of the total (or 5 to 10 percent) will be susceptible to fraud. FBI
Director Robert Mueller warns of fraud stemming from the stimulus packages.2
There should be much work for forensic accountants.
1 Sarah Johnson, Auditors: Nearly 25% of Companies May Not Be Going Concerns, CFO, April 22,
2009, www.cfo.com/article.cfm/13525910/c_2984368/?f=archives
2 Dan Weil, Expert: Stimulus Fraud May Hit $50 Billion, Newsmax.com, June 16, 2009,
http://mmoneynews.newsmax.com/printTemplate.html
Main work product is: Audit opinion Fraud case report Forensic audit report