Discussion 1

With more than 30 years of experience as a CPA, Howard R. Davia had a wide range of knowledge regarding fraud detection and prevention. His career spanned across several sectors, including government, industry, and public accounting. He was also an audit executive with both the US General Accounting Office and the General Services Administration (Wiley, 2005). Davia authored several books near the end of his career that defined the role of fraud auditors and altered how fraud detection is taught, which was a major contribution to the study of forensic accounting (Reimers & Durtschi, 2001). While many books on the subject of forensic accounting and fraud are comprised of personal experiences, his book, Fraud 101, was one of the first to aim at providing accounting students with an awareness of fraud (Reimers & Durtschi, 2001). It serves as an introduction to different fraud types and the various methods that can be used to spot them. Additionally, he talks about what can be done to reduce the increased risk that fraud audits may pose to accounting firms. To safeguard the company while enabling them to assure customers that the operations are free from certain frauds, he recommended that auditing companies offer a choice of the types of fraud they will audit for and let each client choose the types they want to be audited for. Reference: Reimers, J. L., & Durtschi, C. (2001). Fraud 101 (Book).Accounting Review,76(4), 693. https://doi.org/10.2308/accr.2001.76.4.693 Wiley. (2005). Learn how to detect and prevent fraud. [Flyer]. Retrieved from https://www.forensicresolutions.com/wp-content/uploads/2017/11/Fraud101-2ndEdition.pdf