Management accountants possess unique skill sets that include a knack for data analysis as well as a broader business perspective than financial accountants. Management accountants are not limited to internal financial data, but rather synthesize the entire organizational performance from financial, operational, efficiency, and effectiveness measures and blend those with macroeconomic data. Management accountants typically interact with the entire business world, not only other internal business units. A typical management accountant has knowledge of financial rules and information as well as awareness of political, economic, and social influences on their industry or business. Thus, management accountants are well positioned to make contributions to forensic accounting by proactively directing attention to anomalies and apparent inconsistencies in company/segment/ individual performance compared to broader business and economic trends. This Statement on Management Accounting (SMA) summarizes recent fraud cases perpetrated by management and employees and suggests the use of management accounting tools and techniques that may aid in early detection of these schemes.