The Importance of Forensic Audit

Cases of economic fraud have multiplied in recent years. But the phenomenon of fraud is not something static and new modalities and methods of defrauding emerge every day, just as social habits and the environment as a whole change.

For this reason, it is necessary to adopt important security measures and fraud detection, which are capable of detecting and preventing almost any fraud, however complex it may be. One of these measures is the forensic audit. This is carried out especially in the field of public and private finance and is one of the types of audits that is primarily responsible for fraud investigation.

SDC CPA is an Aurora-based forensic accounting company that provides a complete range of forensic accounting solutions. Dee Studler and Krista Doyle founded the company in January 2001 for the express purpose of meeting the growing need for fraud investigation and forensic accounting by claim adjusters & attorneys.

The media and the dissemination of some judicial processes of national connotation, as well as the latest corruption scandals and others financial crimes have highlighted the importance of having technical evidence specialized financial institutions that complement the work of the authorities or defending. These specialized forensic financial techniques are known as forensic audit, which is different from traditional financial audit. A Forensic Auditory is generally performed by a team of professionals who require multidisciplinary work and specific techniques that guarantee obtaining, authenticity and custody of the evidence.

SDC CPA offers the services of highly-experienced investigating and forensic accounting experts who have a sharp eye for detail when it comes to investigating and analyzing specific accounting situations.

Topics in forensic auditing, forensic accounting, and techniques for detecting and fraud risk management, among others, have not yet been incorporated into the curricula of some of the public accounting programs accredited in the country, with sufficient dedication and emphasis. Currently, there are only two specialization programs in these subjects and some courses or graduates from other university institutions.

What is a forensic audit?

Forensic audit is a technique that aims at criminal investigation, integrated in the field of accounting, legal-procedural knowledge and focused on financial and business skills.

The forensic audit, after its investigation and analysis, will express a series of opinions and certain and objective information, which will serve as evidence in the face of legal proceedings.

This type of audit carries with it a large and complex team of professionals, among which we can find: auditors, computer scientists, lawyers, accountants, graphotechnicians, etc. This team will be variable and will be made up according to the type of company audited, its activity, dimensions, employees, type of operations and other important elements to take into account. For example, if the company to which the forensic audit is to be carried out belongs to the environmental sector, it will be necessary to bring forestry professionals.

SDC CPA always delivers high-quality services that you won't find elsewhere. Get high-quality financial services from an ISO certified organization that follows accurate forensic audit procedures.