Tracing the Root Causes of Corporate Fraud with Forensic Accounting
Embezzlement, fraud, economic crimes, financial and commercial litigation, nothing escapes the vigilance of forensic accountants; they are the modern Sherlock Holmes of the business world. A ForensicAccounting Firm in India assists companies and business owners mainly by offering them management support by making reports about the fraudulent activities that are present in a business. Along with this, the professionals working at these firms also help in cases of litigation by acting as expert witness testimony in court. A forensic accountant investigating a fraud case must be able to develop a theory of the case and incorporate it into the scientific method. This approach includes identifying hypothesis problems, collecting evidence and data, analysing data to test hypotheses, and drawing conclusions. The work done by forensic accountants includes: Track down fraudsters The first part of the work of forensic accountants is to ide...