What is Forensic Accounting?
Realistically speaking, the accounting and financial processes of any company are not exempt from fraud and irregularities.
An accounting fraud may arise from any situation where an employee or business entity is involved in the theft, misappropriation of money or assets, corruption, etc.
Payroll fraud, financial statement fraud and tax evasion are just some examples of the numerous illegal complications where a company must prepare to face the bane of litigation.
Assisting companies in dealing with matters of accounting criminality are the task of trained forensic accountants, also commonly known as forensic auditors or investigative auditors.
Owing to the rising levels of high-profile financial fraud that is taking place across the corporate world globally the significance of forensic accounting has also increased.
These discrepancies are not dealt with the implications are extensive and immensely damaging to the company’s reputation.
Such consequences may include but are not restricted to, the loss of market confidence, a media scandal, and shutting down of the business in extreme cases.
In the case of small and medium businesses, the damage inflicted can be even more detrimental to the company’s survival.
Therefore, ensuring you have the right set of experienced accountants taking care of the legal aspects of your financial processes is essential to the SME’s longevity.
You can trust a professional accounting firm like us to offer competent litigation support and investigative services through our annual compilation services team.
What sets financial and accounting frauds apart from most other illegalities is the prompt yet plausible response that is required to deal with them.
Familiarity with legal concepts and litigation processes is another crucial requirement to ensure before a response can be generated.
Whatever the scope of the fraud may be, a profound analysis, an intense investigation and credible assessment of the issue at hand is what you need.
Our priority lies in providing you with the customised solutions and in assisting you to protect your brand while ensuring minimal implications regarding damages and costs incurred.
The forensic and investigative service providers include but are not restricted to, the following complicated circumstances:
- Financial Fraud Investigations
- Audit investigations
- Financial Statement Misappropriation
- Payroll Fraud
- Legal Regulation Inquiries
- Anti-corruption Inquiries
- Cyber Crime
- Corporate Intelligence
- Insurance claims
Regardless of the complexity of the matter at hand, you can trust our trained professionals to tackle any discrepancy involving prompt legal action and regulatory scrutiny to the best of your needs.
Should you need assistance or would like to find out more about annual compilation services in Singapore, please send an email to Contact@AccountingSolutionsSingapore.com, and our business advisor will contact you.