In my opinion no
matter what the profession, it should be a part of every job that involves a
legal environment should have to be up to date with all regulations. In the
case of forensic accountants they have a duty towards the court and need to be
able to understand and apply all regulations (CPA, 2014).
The revision of the
APES 215 in December 2013 included amendments to expert witness reporting and
changes to definitions of expert witness, other evidence and professional activity,
services and bodies. However if forensic accountant had no awareness or could
not apply these new regulations then they would have failed their duty to the
courts and could possibly have affected the outcome of a case.
An example of this can
be related to when my high school updated their assignment submitting program.
It was crucial for me to learn how to use and understand the rules associated
with this program because it was around the time of my final year of school and
could have caused serious issues with the outcome of my grades.
References
CPA Australia. (2014).
APES 215: Forensic Accounting Services Fact Sheet. Retrieved 13 April 2016, from:
http://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/ethics/apes-215.pdf
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