
Forensic Accounting in Jacksonville
Forensic auditors examine individual or company financial records to find evidence suitable for use in the court of law.
Forensic auditors combine investigative techniques along with an understanding of accounting principles to determine if there are illegal practices or fraud hidden in a company’s financial records
Certified forensic auditors are trained to present their findings in legal proceedings that concern fraud, embezzlement, or financial disputes.
A forensic audit is an independent financial investigation that is designed to look for concrete evidence of fraud or mishandling of funds. Simple financial audits only evaluate whether an organization’s financial statements fairly and transparently represent its financial standing. Forensic accounting goes several steps further to trace the chain of funds and uncover possible fraud. This is similar to the purpose of a forensic criminal investigation. Because of the depth of a forensic audit investigation, its findings are admissible in civil court as evidence.
Forensic auditors are generally CPAs who are knowledgeable and can understand and have experience with fraudulent activities that could take place in the organization. In many cases, the fraud is not discovered by the owners or the board until a later time.
If you suspect fraud in your organization, see that the sales are up while cash flow is poor, or observe poor internal controls and money loss while business is increased, your organization may be a victim.