The decision to hire a Forensic Accountant can be like buying a lottery ticket. Not all Forensic Accountants are equal. Not all possess the characteristics and critical success factors of an effective Forensic Accountant, such as being able to “see beyond what is immediately in front of us” utilizing a panoramic approach.
Traditionally, CPAs look at historical data, financial results and focus on the” fairness” of financial statement presentations. In contrast, a Forensic Accountant “follows the money”, and applies “investigative techniques” that result in a deeper look and wider look; adding a unique value for all parties involved. Forensic Accountants look at the matter as if it is a “crime scene”; often asking themselves: “what happened here before the alleged charged events?”, or “what would have happened if the alleged charged events did not take occur”?
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