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FAU launches first forensic accounting center in Florida

The center will focus on investigating incidents of financial fraud.

Photo+courtesy+of+FAU.+
Photo courtesy of FAU.

Photo courtesy of FAU.

Photo courtesy of FAU.

Benjamin Paley, Contributing Writer

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The FAU College of Business has launched the Center for Forensic Accounting, which will conduct and publish financial research for students, the government and local businesses to use.

The center, which will be for graduate students in the forensic accounting program, will be the first of its kind in Florida and will look to provide evidence of financial crime and fraudulent practices to courts of law and corporations.

“In addition to education and outreach, one of the missions of the Center is to develop knowledge in forensic accounting and fraud detection and prevention,” center director and FAU professor Michael Craine said in an FAU news release.

Recently, the center hosted a conference with the U.S. Treasury Department on “Forensic Accounting and the Bank Secrecy Act.” People from the banking industry, certified fraud examiners, forensic accountants and local, state and federal law enforcement attended the conference.

According to the release, FAU has the oldest forensic accounting concentration in the U.S.

George Young, the director of FAU’s School of Accounting, said in the release, “Our School of Accounting is one of the largest in Florida and we support the development in this vital area of accounting that can help so many people.”

Benjamin Paley is a contributing writer with the University Press. For information regarding this or other stories, email bpaley@fau.edu or tweet him @benpaley92.

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