Contemporary Business Studies - Academy of Knowledge Process ...

International Journal of Contemporary Business StudiesVol: 4, No: 2. February, 2013 ISSN 2156-7506Available online at http://www.akpinsight.webs.comestablished the Serious Fraud Investigation Office, which seeks the help of FA’s. The governmentrecently proposed to give more teeth to the SFIO under the new Companies Bill by providing it statutoryrecognition and empowering it with more powers. Particularly in this age of SOX, we require professionalaccountants to have curiosity and a healthy skepticism of the financial systems around them. They mustbe able to identify relevant facts, evaluate judgment and interpret intent; follow a clear, ethical and logicalpath when performing their work; and communicate their thoughts to peers and clients. No doubt, onemust be competent in critical thinking to be effective in life, especially in a competitive businessenvironment. Indeed, while critical thinking is necessary for accountants in today’s business world,cultivating students’ critical thinking skills in an accounting classroom can be a challenge. The FA’sbeing professional members of the CG and Audit Committees, can play a far greater role in coordinatingcompany efforts to achieve a cohesive policy of ethical behavior within an organization (Bhasin andShaikh, 2012). By helping companies to detect and prevent fraud, create a ‘positive’ work environment,establish ‘effective’ lines of communication, and be vigilant as a corporate ‘watchdog’, the FA’s role cangradually evolve into a key component in the CG system. Let us hope that FA’s, through their specializedknowledge, training and skills, will be able to improve CG scenario, still a work-in-progress, across theglobe.Annexture-1: Research QuestionnaireSECTION A:1. What is your Primary Profession? Please tick (√) only one.o Certified Forensic Accountant or ACA/CNAo User of forensic accounting (Lawyer)o Accounting Academico Prosecuting Officer (Staff of Anti-graft Agency)o Other (Please Specify)2. What is your gender?o Femaleo Male3. What is your level of education? Please tick (√) all that apply or specify appropriately.o Bachelor Degree (B.Sc or its equivalent)o Master Degree (M.Sc or MBA or its equivalent)o Doctorate Degree (PhD)o Other (Please Specify)4. How many years have you been practicing your profession?o 0-5 yearso 6-10 yearso 11-15 yearso More than 155. What licenses or professional qualifications do you possess? Please tick (√) all that apply.o ACA or CNAo CFAo CFEo Attorney at Lawo Other (please specify)………………………………………………………….2013©Academy of Knowledge Process80