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You are here: www.whall.com > Resource Center > Definitions > Forensic Accounting |
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Business Controls |
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Forensic Accounting |
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The importance of forensic accounting has never been more dramatically
evident than during the past couple of years. SES, Enron, and Tyco are
just a few of the companies that have been hard hit by scandal. To avoid
such scandal, shareholders/stakeholders turn to Forensic Accountants to
determine whether their investment will fall prey. The CPA (who is
certified as a Fraud Examiner), who conducts
a forensic accounting investigation, does more than just audit books and
records. The Forensic Examiner utilizes accounting skills, coupled with
auditing and investigative skills, to examine and analyze books and
records, inventory, and any other corporate assets. According to the
Government's National White Collar Crime Center (NW3C), employee theft
is one of the most prevalent and costly problems facing our business leaders and
organizations today. Ghost employees, fake invoices, and conversion of
corporate assets for personal use are just some of the techniques and
methods used by those who want to defraud your organization. In order to
defend yourself, you need to unleash the powers and skills of a Forensic
Examiner. Forensic Examiners possess special training, experience, and investigative skills to ferret out fraud, waste and abuse. Forensic Accountants are continuously called upon to make assessments and determinations as to asset value and worth. Forensic investigations involve looking beyond the numbers and bringing to light fraud and attempted cover-ups. Forensic Investigators are frequently called upon to testify in Court regarding their findings. The Whall Group makes it easy, beginning with a confidential consultation tailored to your specific forensic needs. |
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