Forensic accounting is the application of professional accounting methodology and techniques, auditing and investigative skills as well as principles to legal issues.
It is frequently associated with white-collar crime, fraud, embezzlement, corruption and general abuse of financial resources. A forensic accountant is the most ideal person to carry out investigations in a financial set up
The “corporate failures in many organisations in recent times,” has led to the growing public awareness of the need for accounting and finance professionals that can detect corporate unethical behaviours. Now the need for investigative services within the accounting departments of such big companies needs to be dealt with. However, the regular person with a CA, CPA, ACCA or ICA will not have the skills that are required to investigate management. There has been such mismanagement, fraud, and unethical behaviour within these companies that the need for accounting “watchdogs” has become a big issue.
It is now necessary to analyse the underlying characteristics of corporate activities identifying corporate governance issues. A person must obtain the forensic accounting and investigation certification and body of knowledge in order to have the experience and knowledge to deal with such important issues.
Because of the widespread growth in white-collar crime, including both fraudulent financial reporting and misappropriation of asset schemes, and corruption that is where Allegrow Professional Services comes in. In order to investigate corporate activities properly, one must have a forensic accounting and or fraud investigation professional. It must, however, be noted that forensic accounting and investigation skills are advanced accounting skills which enables the holder to work as an ordinary accountant as well a financial detective.
The forensic accountant can not only detect fraud and prevent it but can also carry out preliminary investigations before independent investigators are call in. Accountants look at the numbers. Forensic accountants look behind the numbers. If you want to know why your numbers don’t match, you need a Certified Forensic Accountant and fraud investigator who specializes in forensic A-Z accounting, Allegrow Professional Services waiting for your call.
Fraud detection and prevention.
Bankruptcy and insolvency accounts preparation.
Tracing the proceeds of white-collar crime e.g. corruption or embezzlement or money laundering.
Forensic investigations e.g. Insurance claims fraud investigation and Bank fraud investigation.
Suspects interviewing and statement taking.
Reconstruction of accounting records.
Analysis and simplification of financial evidence.
Resolution of business financial disputes and.
Internal organizational investigations.
We also provide the following services
Fraud prevention and detection services
In-house anti-fraud awareness training services
We are fraud and forensic experts with extensive experience and deep understanding of legal proceedings and investigation process. Our fraud and forensic specialists possess strong analytical, modelling, and project management skills. Our team has the knowledge and experience necessary to conduct comprehensive fraud investigations. Some of the services we provide are as follows:
- Analytical and Forensic Analysis
- Anti-Money Laundering Solutions
- Asset Searches
- Background Checks
- Corporate and Financial Investigations
- Corruption Audits
- Development and Review of Anti-Fraud Policies, Procedures, Prevention and Detection Controls
- Due Diligence
- Employee Interviews and Interrogations
- Employee Training and Education
- Fraudulent Financial Reporting Investigations
- Fraud Risk Assessments
- Identity Theft Prevention
- Kickbacks, Conflicts of Interest, Corruption, and Other Off-book Fraud
- Securities Litigation Investigations
- Vendor and Customer Fraud