What special skills do Forensic Accountants bring to the fight against while-collar crime?
Due to financial cutbacks, mergers and the reduction of staff, the Internal controls of companies are not sufficient to apprehend white-collar criminals. The business world hasn’t caught up with the technology and the people who are committing fraud. This is why we’re seeing the rise of outside Forensic Accounting firms. Companies are turning to these firms and telling them: “We know we’re losing money, but we don’t know where. Please help us find the leak.” Shareholders of companies that are considering the acquisition of other companies are turning to these firms also, for the purpose of discerning whether or not there is any history of fraud in their target’s background.
