Abstract—Businesses went beyond their boundaries with a great effort along with globalization to be able to obtain a place in the world trade. During this process, international commercial integration went into a rapid change. Concentration of the processes in commercial activities increased the constituting of crimes knowingly or unknowingly. Law failed in the solution of criminal activities. This resulted in the emergence of the concept of forensic accounting in the western countries, particularly in the USA. Forensic accounting came into prominence and forensic accountancy appeared as a new profession. The profession defined as forensic accountancy, serves to forensic authorities for the detection of financial crimes, and therefore contributes to the operation of law in a fast and proper way. The present study examines the development and importance of forensic accountancy within the global economy.

Index Terms—forensic accounting, forensic accountancy, fraud

Cite: Semih Buyukipekci and Aziz Kagitci, "The Development and Importance of Forensic Accountancy Profession," Journal of Advanced Management Science, Vol. 4, No. 5, pp. 410-414, September 2016. doi: 10.12720/joams.4.5.410-414