Business owners are hard workers who handle massive amounts of day-to-day work. They also bear the responsibility for making smart relationship decisions such as hiring and firing employees and deciding where to bank. Each of these business relationship decisions can strengthen the business or can expose it to potential fraud. What exactly is fraud? Fraud is any act of deception that is used to create a financial gain. This basic concept of fraud manifests itself in a variety of relationships ...
Forensic Accounting: Not Just About the Money
When Susan suspected that her long-time business partner and friend had been stealing from the business, she felt like she had been punched in the chest. How could her friend betray her trust? They had been through so much together! They had watched their venture grow from an idea to a thriving business. Susan had always been thankful that her friend worked so hard. Susan even felt bad for her because she complained about money being so tight and not knowing how to afford college for her ...
FAQ About Forensic Accounting
Who needs the services of a forensic accountant? If you suspect you are the victim of any kind of personal or business fraud whether it be credit card fraud, money laundering, misappropriation of funds, or another type of situation, you need a forensic accountant. What does a forensic accountant do? A forensic accountant will not only use their accounting skills to find evidence of an embezzlement or theft, but will also use interviewing skills to uncover the intent to defraud. The forensic ...