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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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How Cash Flow Statements Help Experts Find Fraud

RogerRossmeisl

Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements. Unusual changes Your statement of cash flows shows how cash changed during the year.

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The Difference between Bookkeeping and Accounting

SMBAccountant

There are different types of accountants which specialize in different areas. Auditors provide opinions on the accuracy and reasonableness of financial statements. Forensic accountants research financial transactions to uncover fraud. Tax accountants specialize in IRS law and completion of tax returns.

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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. Experts agree: This practice area is growing and will continue to grow for the foreseeable future.

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Fraud Investigations vs. Audits

FraudFiles

Many of the administrative parts of a forensic accounting or fraud investigation project are similar to those in a traditional auditing assignment. Traditional financial statement audits, however, are relatively similar from year to year unless a company has had a significant change in operations.

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