Forensic accountants are required to maintain a specialized skill set of auditing expertise, education, and training. Combining accounting and analytical talents with financial proficiency and a strong moral compass, a forensic accountant plays a critical role in both litigation support and investigations. First and foremost, a forensic accountant must maintain….
Category: Forensic Accounting
Fraud detection is becoming more and more important as the business world leans heavily on technology and an influx of data. In recent years, fraud attempts have increased dramatically, thus calling for a fraud detection system that is widespread, efficient, and effective in the workplace. Business owners, boards of directors,….
The accounting industry as a whole must continually evolve and progress in order to keep up with the changing demands and needs of the individuals and businesses in which they serve. Relatively speaking, forensic accounting is a fairly new profession. As society, the economy, technology, and relevant legislation shifts, forensic….
Fraud is defined as “any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain”, based on a report from the Association of Certified Fraud Examiners (ACFE) entitled Managing the Business Risk of Fraud: A Practical Guide. Every organization,….
Testifying in a court case as an expert witness is often critical to the outcome of a lawsuit. Forensic accountants are typically called upon to utilize their accounting, investigative, economic, statistical, and research techniques and then apply them to a legal problem. Digging into a case to analyze, audit, and….
Divorce is complicated. At the very heart of a divorce, it becomes a financial game for the spouses involved of “how will I be supported once the divorce is finalized?” Other questions such as “will my standard of living be the same as before?” constantly may run through the parties’….
Forensic accounting plays a critical role in the preparation and examination of financial records and statements. Combining all facets of accounting, investigating, and auditing, forensic accountants are tasked with the responsibly to deliver an accounting analysis suitable for court. The specialized skillset of a forensic accountant has led to their….