Connected Moment – Still a dream of many

Connected Moment
Kids of Bumreet Kailash, a remote valley of District Chitral, KPK Province Pakistan

When we are moving in a fast pace in Post Information Age and entering into Knowledge Age, when the IOT and IOE are encovering the globe and even when we are talking about unmanned cars and smart cities, someone somewhere meanwhile thinks about what will he or she dine or whether he or she will dine or not? Or either anyone within this global family is burning candles to complete his or her homework or someone somewhere is still unaware of the term of smart technology or even the term of technology.  This is what we call dividend within our society not only on economic ends, rather on technological end as well.

Pakistan, the land of approximately 200 million people, heavily under different
economic pressures and fighting with the shadows for last one and half decade but is surviving with 71% Teledensity , 34 million 3G/4G users and 37 million broadband users. This shows our nervous strength but it also means 80% of Pakistan is still waiting to be connected. When I’m talking about 80%, here it means a boy in the extreme north of the country and he has to travel for 5 hours just to print one page and a girl living in western side along the Durand Line and because of some controllable and uncontrollable factors is unable to study because her school has been destroyed and she can’t travel to urban land because of serious reasons. It is not only the matter of remote areas, rather within urban lands economic situation and public policies are not feasible for millions to avail the prestige of connectivity.

Still there is gap in understanding within elite brains in Pakistan that technology is not such an important factor to be considered in decision making. But my point of view here is that petro-dollar monetary system has been dead now, next is technological monetary system. For that system to be implemented, connectivity is the key for all, if someone somewhere will be unconnected, he/she will belongs to the cave age. So we have two options:

  1. Devise our own system of governance, economy, society, technology, judiciary, law enforcement, diplomacy, military, corporate and development and first implement that within our own jurisdiction and then on related ones as it’s hard for two distant parallel systems to communicate and coordinate in a better way;
  2. Let’s follow the trends and connect our own citizens within and beyond.

Poverty and unequal distribution of resources is a prime factor of chaos. In coming Knowledge Age when economy and resources will be based upon technology, we have no other choice either than to make our people connected or let others to make connections with them.

Forensic Accounting – A world beyond numbers

Word ‘Forensic’ is explained as associating some data/information with court of law or public discussion and debate and when we use this word as an adjective with accounting or auditing then it changes or, otherwise, broaden the traditional meanings of the later nouns i.e. accounting or auditing.

Forensic Accounting or Forensic Auditing means an artistic science to get evidence. Yes, to get evidence, all available evidence, all possible evidence, not just sufficient and appropriate evidence to reach at the conclusion. It doesn’t depend upon any standards or rules and regulations. Yes, for any structured process there should be some rules and procedures and in this case there exists as well but not in a highly recommended form and as abiding force as we experience in assurance engagements.

A forensic accountant does not only deal with fraud investigations but also provides many other services like dispute resolution, corporate intelligence, background checks, fraud risk assessment, litigation support, valuation and expert witness services. So it’s a complete package for any corporate industry. Economies like Pakistan where corporate practices are not well groomed but in a way so this ‘in between’ situation makes us more vulnerable to corrupt practices. Now let’s briefly discus the anti-fraud process.

An impressive fraud case is not like some delicious food putting in a plate on the dining table adjacent to your living room. Rather it’s like looking for a genuine seed among many fakes in an artificial apple putting in a locked computerized drawer of a highly sophisticated case laying under the bed of some anonymous flat on the 200th floor of some busiest road of any crowded city while you are standing 1000 miles away within some real delicious apples’ farm. Forensic will allow you and facilitate you to reach from the real apples’ farm to the real seed sleeping within that faked apple. Ways are many, sky is open, and many sciences of forensic are already here to help us. Here an investigator, a forensic accountant will go and will use others forensic sciences as help and will get the target.

Frauds are evolving, fraudsters are becoming more confident and bold year by year and decade by decade. As means to investigate are becoming sophisticated but ways to perpetrate are also becoming more facilitative for fraudsters. Any fraudulent activity is always covered within covers. Digital forensic, cyber forensic, data forensic, bio forensic, chemical forensic, forensic psychology and many others help a forensic accountant to investigate any case professionally and diligently.

Corruption is a menace for any economy and specially in developing economies. From tax avoidance to kick backs and from money laundering to corporate espionage we are continuously facing the threats but unborn forensic practices and undeclared corporate crimes are worsening the situation specially in our economy. So rather faking perfections we should legitimize anti-fraud and forensic practices in Pakistan to tackle fraud and to discourage the fraudsters.