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Friday, August 14, 2020

Forensic Accounting vs Auditing

 

The field of accounting operates with many specializations, and forensic accounting and auditing are two of the most common. Although forensic accounting and auditing seem similar specialties, there are significant differences between the two job functions. Forensic accountants specifically search for fraudulent activity within organizations; auditors verify that companies comply with federal regulations and organization policies. Companies in need of accounting assistance must understand the difference between the two specialties.

Located in Aurora, Illinois, SDC CPA specializes in providing adjusters and attorneys global investigation and accounting services dedicated to crime, fidelity (employee dishonesty and employee theft), lack of faithful performance and commercial surety insurance claims. SDC CPA forensic auditors and accountants assist in legal processes and technical defense of a criminal, commercial, civil, administrative and judicial nature, through adversarial investigative applicability that includes knowledge and methodologies of Forensic Auditing, Forensic Accounting, Law, Theory of Evidence, Chain of Custody and Criminalistics, thus helping to promote the interests of the client.