(BUSINESS FRAUD AND FORENSIC ACCOUNTING SERVICES DIVISION)
Forensic Accounting is the
integration of accounting, auditing and investigative skills to provide an accounting analysis that is suitable to the court which will form the bsis of discussion, debate and ultimately dispute resolution
Half of the world's largest companies have been victims of fraud during the past year, with 25% of them suffering USD1,000,000 or more over the past five years. Smaller companies are suffering losses also.
Accountant (FA) Do?
FA analyze, interpret, summarize
and present complex financial and business related issues in amanner which is both understandable and properly supported.
The cost of US economic crimes is growing dramatically - nearly doubling over the last decade to more than USD200 billion annually. Employee fraud alone accounts for roughly one-fifth of these losses.
They are often hired by lawyers, police forces, insurance companies, government regulartory bodies,
banks courts and business community.
According to Association of Certified Fraud Examiners, the average company loses about 6% of gross revenues to fraud and employees dishonesty each year; and this figure is on the rise.