The auditing profession has evolved significantly from its earliest roots of protecting the pharaoh's riches. Recent catastrophic business failures have caused some to rethink the value of the audit. Due to a lack of alternatives, the marketplace has demanded that auditors take responsibility for fraud detection and this demand has been buoyed by recent legislation in the form of the Sarbanes-Oxley Act and the new Auditing Standard (SAS99), which requires increased performance on the part of the auditor to find material financial statement fraud. This book explores exactly what assurances auditors should be expected to provide and suggests alternatives to providing the capital markets more of what they are requiring - greater assurances that the financial statements they rely upon for investment decisions are free of material error, including fraud; However, before this goal can be achieved, some things have to change. Audit firms need to retool to provide access to a new breed of auditor...the; Forensic Accounting Specialist; This book will provide clarification of the role of the auditor, the increasing role of the Forensic Accounting Specialist and where their roles intersect. For the first time, auditors will learn the benefits of this new and evolving auditing art enabling them to solidify their role in assuring the security of the capital markets.