In this technology driven world, it is easier for scammers to get access to valuable business and financial information, by the way of hacking them, if it’s online. Therefore, the best idea would be to minimize your online transactions or do it in a safe & secure way. Well, the role played by a Forensic Accountant here is something different than preventing a hacking or a scam in a particular business or a company. It is basically to monitor your financial records, files, expenses and cash transactions, thereby checking for possible frauds, embezzlement of funds, manipulation of data or mismanagement in the allocation of resources and funds. A Forensic Accountant thoroughly checks all the account books, ledgers and records for finding out any irregularities and thus acts as a ‘whistleblower’ by informing the management and top brass of the company about the fraud or scam that is taking place. Hence, it is necessary to protect your business accounts; it is also compulsory to protect your business from technical risks; here, you may appoint a certified information systems auditor who will look after your business website and check the possibilities of cyber attack, fraud etc
But where to find the services of one such specialist audit & tax professional who can understand all the tax laws & regulations, and pin-point the specific areas where you’ve been kept in the dark for a long time. There are reputable websites like Ageras that can easily help you find a certified forensic accountant near you, here in the US. It is by offering the most relevant quotes and leads of some of the leading tax & chartered accountancy firms that have highly experienced professionals in the domain of Forensic Accountancy. You can simply visit their website, fill-up an online form and expect to get 3 non-binding quotes within 48 hours of filling in the web application form, with all your company details and specific job role requirements. For more than 10 years, this particular agency in the US has been helping all small & midsize business organizations find professional tax accounts, chartered accountants, CPAs, tax preparers, auditors and forensic accounts in an effortless and hassle-free manner.
How Ageras Helps in Finding a Forensic Accountant near You
When you’re partnering with “Ageras” it becomes all the more easier to find a forensic accountant near me or you, with their active support and assistance. As a service recipient, you only need to visit their official company website, fill-in an online application form, by mentioning all your job requirements and company details, and expect 3 competitive business quotes within a span of 2 working days. They collate your data provided in the form; match it with their database of auditors, accountants and accountancy firms, thereby offering you the perfect matches for your job role. These are 100% FREE quotes and non-binding in nature, which means you can ignore them, if it doesn’t match with your business or company requirements.
Who is Actually a Forensic Accountant?
Generally, forensic accountants can be considered as detectives for an accounts department of a company that handles all the cash transactions, financial records, expenses, salaries, payroll, tax, audit, bills, etc. They are experts in monitoring financial records, and keep a track of all the daily transactions and company assets for checking any major irregularities, embezzlement of funds and in investigating frauds committed by in-house employees or departments. In fact, they are hired by all large and medium size organizations that have performed high-value transactions on a regular basis, but lack the desired know-how in tracking or detecting financial frauds. They would rather focus on their core services areas, and leave this aspect of the company to experts in accounts. Among the many service areas that a forensic accountant deals in are securities fraud, forgery, signature duplication, manipulation of financial records, misrepresentation of data in balance sheet, asset misappropriation, identity theft, trademark, copyright & patent infringement issues and compensation related disputes.
They also help solve fraud cases in a company, by testifying in court as a witness. Forensic accountants are exceptionally talented and witty individuals, paying attention to details while going through all the financial records, documents, bills, cash-related transactions and company expenses. These specialized accounts professionals possess a very high analytical ability that helps in efficiently understanding data for solving any case of company fraud, data mismatch or financial irregularity. As forensic accountants mainly deal with financial fraud cases, they strictly adhere to important principles, viz; Proximate Cause and Reasonable Certainty, which eventually helps in solving or finding all sorts of irregularities performed in any kind of business and financial transactions.
In What Areas Can a Forensic Accountant Help?
In the case of a divorce settlement or in a property division deed, a forensic accountant comes into the scene, when a couple owns a business or a company, and has filed for a divorce. In this case, the roles of one such expert accountant is to assess the investment made by both the partners, and also go on to find out and uncover hidden assets if any or detect wrong financial doings. Secondly, one such specialized professional can perform a ‘forensic audit’ in such a manner that you wouldn’t have to worry any more about an external IRS audit performed later on at your premises. Their auditing process consists of a fraud investigation, lawsuit filing and an instant report to the company management for initiating necessary action. Lastly, when it comes to buying or selling a company, the services of forensic accountants are required in order to ensure that you’re not taking or compromising upon any financial losses, while carrying out a high-value business deal. Almost all companies and individuals do require their services here in the US, and mostly those that belong to the insurance sector, as there’s a huge scope for committing insurance frauds for getting access to easy and unwanted monetary compensation.
Conclusion
It can be safely concluded that a Forensic Accountant is a kind of a mandatory requirement in any organization that wants to keep a track and monitor its funds, resources, transactions, bills, statements, records, books and expenses, upon suspecting an wrongdoing, irregularity, fraud or scam. The role played by one such specialized accounting and financial professional is to carry out an extensive audit of the books, records and accounts, for finding out embezzlement of funds if any and either help file a lawsuit or report it to the higher company authorities and management for further action. Their role is to perform a scrutiny of the financial transactions and check for possible frauds in the company’s business records. This is the only reason why their specialized audit & accounting services become so essential in the present circumstances.
