Saturday, November 1, 2008

Forensic Accountant

Shareholder believes the company's management is hiding assets. A business owner suspects an employee of stealing company money. A company's partner want to split up the business, but are battling over its valuation.

Whom do they turn to for help to track the money trail? ....... Forensic Accountant
Just like forensic specialists who help police find vital links between evidence and criminals to enable convictions, forensic accountant do the same on money trail.

Forensic accountant possesses three basic skills that is accounting, auditing and investigative skills. Forensic accountant are usually involved in three types of financial work:-

1)fraud investigations such as embezzlement

2)shareholder's dispute such as a dispute over a company's value

3)economic damages such as determining how much lost profit a business has suffered as a result of breach of contract.

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