In this situation where a forensic accountant is hired specifically to value the
losses and serve as an expert witness, it's already their job to demonstrate
such professional conduct. The Association of International Certified Public
Accountants (AICPA) have established a code which includes six principles
that encompass moral behavior (Rufus, Miller, & Hahn, p.298, 2014). In the
case described, the forensic auditor has responsibilities to the company that
hired them, as well as the public. The forensic accountant must convey
"integrity, objectivity, due professional care, and a genuine interest in
serving the public" (Rufus, et. al., p. 298, 2014). The forensic accountant
must ensure that they are fully separated from all involved, and in no way
related to or tied to any party. It is important that the forensic accountant
uses due diligence when assessing the losses, interviewing witnesses in
preparation for testimony, and when conducting research. Using his or her
own judgement, knowledge, prior experiences, and skepticism, the forensic
accountant can ensure the required skills. Collecting information and
evidence both legally and in the correct manner will ensure the report
contains true and pertinent information.
Reference
Rufus, R., Miller, L., Hahn, W. (2014/12/18). Forensic Accounting.
[[VitalSource Bookshelf version]]. Retrieved from vbk://9780133867534
