Forensic Audit Accounting Services Dubai UAE
What is forensic audit accounting service?: A forensic audit accounting service is an agency that investigates the instances related to financial frauds. The professionals engaged by these agencies are specially skilled at discovering and investigating all sorts of financial embezzlements and frauds. After gaining experience in auditing as a chartered accountant, their profile changes as a fraud examiners. After the transition, they use forensic methods to detect fund laundering via seemingly legitimate ways. Through analyzation of the financial data, they indicate fraud and gather their findings and evidences to provide testimonies for the internal investigation or for the court proceedings.
Need of a forensic audit accounts service: They provide litigation support by means of accounting data. Their main tools include historical accounting, digital forensics and often, their own developed observational methods, with the help of which they assist in discovering and prosecuting financial crimes.
Their services are also valuable when people or entities have to prove a point in the court of law or even when, a defendent has been erroneously charged. Many companies or individuals may have the requirements of investigating audits and these services have specialized skills in investigatory auditing. There are many benefits, when the people or the companies turn to the forensic accounting.
mergers and acquisitions: A great deal of financial analysis is involved , when companies merge with or acquired by other. In case of equal merger, both the companies may want to examine the financial records of the other, with the purpose of discovering any possible financial fraud. In case if it’s one-sided sale, the acquiring company may wish to fully audit the financial records of the company they intend to purchase. In such scenarios, forensic accounting services are called in to determine that the accounting books are all in perfect order.