Tag Archives: forensic accounting

How to Find a Forensic Accountant

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a forensic accountant gets to the bottom of financial crimesIf you’re in search of a forensic accountant, the odds are, you and your business may be under quite a bit of stress as forensic accounting is usually involved when there is a legal dispute, including law suits, or investigations including fraud, embezzlement or identity theft.

Finding a reputable forensic accountant can save you time and stress and allow you to focus on the other important aspects of running your company. These professional financial investigators are able to decipher complicated financial data including tax returns, bank statements and other business records and prepare reports from the information that can be more easily understood and used in court proceedings.

Finding the right accountant

Finding the right forensic accountant in this type of situation is crucial. Choosing a general accountant without experience in forensic accounting is akin to asking a dentist to perform heart surgery. The accountant should be a Certified Fraud Examiner.

GoodAccountants.com employs the services of more than fifty, full-time professional business consultants that are able to assist business owners in finding the best accounting professional for their particular business and situation. This free service can be a key factor in assuring you’ll secure the right forensic accountant that can contribute to the ultimate success of your business.

The accountant must be credible as they’ll typically be called as an expert witness in order to provide evidence. With the opposing counsel designed to reveal any flaws in the accountant’s abilities, there cannot be any question when it comes to their experience, skills, professional and personal background. Utilizing the services of GoodAccountants.com will assure that all of these bases are covered.

Other factors

Forensic accounting can be complicated, and it’s especially important to find the right professional whose accomplishments and affiliations are the closest match to the business owner’s needs. The accountant should have a working knowledge of your business and industry, or of a business similar to yours. They should have excellent references from both past and present business clients as well.

With some many stringent requirements in obtaining this type of accounting professional, it may seem a bit overwhelming. The time it would take to locate, interview and check references of each and every forensic accountant in your area would make it nearly impossible to continue handling the day-to-day responsibilities of your business.

Fortunately, GoodAccountants.com has already done this work for you and you can get back to doing what you do best.

Forensic Accounting Job Opportunities – Infographic

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Forensic Accounting – Potential Places of Employment

We have gathered information from the Journal of Forensic Accounting and created an informative infographic. Forensic Accounting most literally means: the use of accounting skills to investigate fraud or embezzlement and to analyze financial information for use in legal proceedings. Here are the potential job placements for forensic accountants:

Forensic Accounting Job Opportunities - Infographic

 To learn more about Forensic Accounting and how to find an accountant, visit us at www.GoodAccountants.com 

When Your Business Needs a Forensic Accountant and How to Find the Right One

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forensic accounting is very important when trying to stop embezzlement‘Forensic Accountant’ is not a term that many people are familiar with and the word forensic may instantly bring to mind the image of a criminal investigation, which may seem a little odd when connected with accounting. But forensic literally means “relating to the application of scientific knowledge to a legal problem,” or “usable in a court of law.”

A Forensic Accountant might work with a business when fraud or embezzlement is suspected, or with government organizations like the FBI or CIA to resolve a crime. They are financial investigators who decipher complicated financial data such as business records, bank statements and tax return and prepare reports from this information that are more easily understood and can be used in court proceedings.

Forensic accounting is often used to help resolve a wide variety of legal disputes including bankruptcy and divorce proceedings, shareholder disagreements, business dissolutions, malpractice claims as well as fraud and embezzlement.

Benefits of a Forensic Accountant

  • A forensic accountant can be very helpful in collecting evidence in court that may be used to assert a claim or settle a dispute between shareholders and partners or in medical malpractice suits, between the doctor and the patient.
  • If employee fraud is suspected in your business, forensic accounting services are also beneficial.
  • If your business is involved in any type of insurance claim, potential professional negligence or identity theft, engaging the services of a knowledgeable forensic accountant to assist in the investigation can be crucial.

Finding the Right Forensic Accountant

If your business needs the services of this type of accountant, it’s important to realize you can’t just choose any accountant. Choosing the wrong one may be like asking a cardiologist to perform brain surgery. A forensic accountant is typically not just a Certified Public Accountant with an accounting degree, but is a Certified Fraud Examiner. It’s important to be sure that qualified personnel have these designations.

The right accountant will have experience and skills that match the needs of your business and the case at hand, and because the forensic accountant’s work will typically result in giving evidence as an expert witness, it’s crucial that they are credible. The opposing counsel is designed to reveal any flaws in the accountant’s abilities, and there cannot be any question when it comes to their experience, skills, professional and personal background.