Video: Forensic Accounting – Ethics & public interest

Video: Forensic Accounting – Ethics & public interest

As a forensic accountant, it is important to be mindful of the ethics required from the position. Some cases have a high level of public interest, and therefore come with an extra level of scrutiny

As a forensic accountant, it is important to be mindful of the ethical behaviour that is expected from the position. Forensic accountants are required to be a neutral party in investigations, relying on the facts and figures to determine whether there has been wrongdoing.

As a party-appointed expert in legal cases, the duty of the forensic accountant is to the court, so despite potentially being appointed by one particular party, it is important to remain neutral.

As described in the ‘Skills’ video of this video series, in which Accountancy Age spoke to Chris Osborne, Partner and head of forensic services at FRP, a good understanding of the law and legal process is a very helpful skill to have, especially in such cases.

In this video, Osborne talks about the importance of neutrality and the ethics he is required to uphold in his work.

He also reflects on his time on secondment at the Serious Fraud Office, and how working there meant being involved in some high-profile cases.

Osborne compares working in forensic accounting in the private and public sector, and how the role differs between the two.

Osborne joined FRP in 2016 to set up the forensic accounting practice at the firm and has over 20 years of experience working on disputes, fraud, bribery and corruption investigations.

Over the course of those two decades, he spent three years on secondment with the Serious Fraud Office as a forensic accountant, and a secondment to the Financial Services Authority as a financial investigator. Osborne is a fellow at the ICAEW and has an LLB Law degree.

He says that during his time, he has never experienced a point when the work was not stimulating and challenging.

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

2m

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

6m

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

1m

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

2m

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource