Forensic accountants are experts with a unique set of training and skills. \u201cForensic\u201d means suitable for use in court, and forensic accounting is a speciality practice area of accounting that deals with engagements and investigations where disputes or litigation are anticipated.<\/p>\n
For those reasons, the training and expertise demonstrated by these professionals make them very effective in investigating and combating fraud and other financial threats. That\u2019s why CRI Group provides forensic accounting<\/a> services to help clients safeguard their financial investments and utilise best practices when a case progresses to legal action \u2013 which is happening on a regular basis as more companies make rooting out fraud a top priority.<\/p>\n \u201cForensic accountants inhabit a cloak and dagger corner of the accounting world. Their job: respond at a moment\u2019s notice when a client spots trouble \u2013 anything from procurement fraud to a top executive cooking the books to industrial espionage.\u201d\u2013 Justin Pope, Associated Press<\/em><\/span><\/p>\n Here are some ways that forensic accountants lead the fight against fraud (Source: Forensic CPA Society, titled \u201cWhat is a Forensic Accountant?\u201d).<\/p>\n They must be able to apply their accounting knowledge to legal issues. A forensic CPA will be asked to write expert reports, assist in depositions, testify as an expert witness, conduct fraud investigations and assist in civil and criminal investigations.<\/p>\n They are experts at determining whether criminal matters such as employee theft, securities fraud (including falsification of financial statements), identity theft, or insurance fraud have occurred. Investigation may also occur in civil matters.<\/p>\n Forensic accountants often have to give expert evidence at the eventual trial. Forensic accountants not only utilise their accounting and auditing skills, but also use their investigative skills to determine what events actually took place in a financial setting. Knowledge of the courtroom sets the forensic accountant apart from a typical accountant.<\/p>\n Litigation represents the factual presentation of economic issues related to existing or pending litigation. In this capacity, the forensic accountant quantifies damages sustained by parties involved in legal disputes and can assist in resolving disputes before they reach the courtroom.<\/p>\n Forensic accountants often assist in professional negligence claims where they are assessing and commenting on the work of other professionals.<\/p>\n In the aftermath, forensic accountants may be involved in recovering proceeds of crime and in relation to confiscation proceedings concerning actual or assumed proceeds of crime or money laundering.<\/p>\n When financial pressure leads to fraud, you need a qualified forensic accountant \u2013 or better yet, a team of them \u2013 to unravel the numbers and the facts of the case. CRI Group\u2019s highly qualified forensic accounting experts, which include our Certified Fraud Examiners (CFEs), can quickly find discrepancies in your finances and investigate the source of the problem.<\/p>\n The future of your business depends on safeguarding assets and investments from fraud. Contact CRI Group today<\/a> and ask us how we can help your business by preventing and detecting fraud \u2014 thereby improving your bottom line.<\/p>\n <\/p>\n Who is CRI Group?<\/strong><\/p>\n Based in London, CRI Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management<\/a>, Employee Background Screening<\/a>, In 2016, CRI Group launched Anti-Bribery Anti-Corruption (ABAC\u00ae) Center of Excellence<\/a> – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems<\/a>, ISO 37301 Compliance Management Systems<\/a> and ISO 31000:2018 Risk Management<\/a>, providing training<\/a> and certification<\/a>. ABAC\u00ae operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work\u00a0as a discreet white-labelled supplier to some of the world\u2019s largest organisations.\u00a0Contact\u00a0ABAC\u00ae for more<\/a> on ISO Certification and training.<\/p>","protected":false},"excerpt":{"rendered":" Forensic accountants are experts with a unique set of training and skills. \u201cForensic\u201d means suitable for use in court, and forensic accounting is a speciality practice area of accounting that deals with engagements and investigations where disputes or litigation are anticipated. For those reasons, the training and expertise demonstrated by these professionals make them very […]<\/p>","protected":false},"author":1,"featured_media":1598,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,43,146],"tags":[],"class_list":["post-1597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-background-investigation","category-investigative-solution","category-resources"],"gutentor_comment":0,"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n1. Forensic accountants are suspicious<\/strong><\/h3>\n
2. Forensic accountants are trained investigators<\/strong><\/h3>\n
3.\u00a0<\/strong>Forensic accountants\u00a0<\/strong>can testify in court<\/strong><\/h3>\n
4.\u00a0<\/strong>Forensic accountants\u00a0<\/strong>provide litigation support<\/strong><\/h3>\n
5.\u00a0<\/strong>Forensic accountants\u00a0<\/strong>can assist with business valuation<\/strong><\/h3>\n
6. Forensic accountants can help recover assets<\/strong><\/h3>\n