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How to Work with a Forensic Accountant

RogerRossmeisl

Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. They’re uniquely qualified to review financial statements and business records and to interview employees to find evidence of misrepresentations and theft.

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Good Acquisition? Not if your Seller’s Hiding Something

RogerRossmeisl

To ensure the transaction is what it appears to be, acquaint yourself with the issues and include a forensic accounting expert on your deal team. Look at the numbers During the due diligence process of a merger or acquisition, forensic experts review financial statements for subtle warning signs of fraud.

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Forensic AI Accounting: A New Era of Proactive Fraud Monitoring is Coming

CPA Practice

They generally focus on providing reasonable assurance that the financial statements are free of material misstatement, whether due to error or fraud. Forensic accounting investigations dig deeper into records but still only cover a fraction of transactions while carrying a hefty price tag. AI reduces that burden.

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Fraud Investigation for Small Firms

FraudFiles

The growth in forensic accounting and fraud investigation specialties has led accounting firms of all sizes to expand their practices to these areas. Is it as easy as it sounds to add forensic accounting to your firm’s competencies? It is a simple decision to start providing accounting services.

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Small Fraud Investigation Firms

FraudFiles

Firms of all sizes are interested in expanding their practices to include forensic accounting and fraud investigation. Yet adding forensic accounting to a firm’s portfolio of services might not be as easy as it sounds. Document management is the key to the completion of a thorough and reliable investigation.

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Reconstructing Books and Records For a Tax Audit

FraudFiles

Most of all, they create a need for documentation. That means documentation must be produced to support the amount of each expense and the business purpose of the item. Some of us are meticulous in our documentation, but if you are like most taxpayers, you have pockets of misplaced or destroyed data. Digging Up the Documents.

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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.