No business can prosper without trusted employees, but some die since they trust their employees too, letting them to use their position for illegal gain. The lesson: trust but verify by accounting controls. Forensic Accounting and Fraud Investigation is an effective way to find out how financial fraud occurs.
A forensic accountant is a chartered accountant whose specialty lies in analyzing business records and transactions from a criminal point of view. Although all companies keep forensic accountants on staff, these men and women are usually called in cases of suspected fraud. However, before descending forensic professionals on the scene to find out if a record gap is in fact evidence of a crime, a red flag should trigger a regular accountant.
Hiring a Forensic Account
Contact forensic accounting services to review the records. Most companies do not have forensic accountants on staff, so when the decision is made to recruit, it is usually done on a freelance or contract. To learn more about this service, you will find many books available online with full information.