It can be very difficult to prove that an employee, business partner or close associate is stealing or hiding assets from you. For the average person, analyzing large amounts of data and gaining access to private financial records is not an easy job, and this is why many people hire forensic accountants like the experts at KA Forensics to handle their investigation and litigation needs related to theft, lost sales or inventory loss.
Forensic accountants are experts at discovering financial fraud and use their experience and expertise to uncover information about a suspected individual's income, financial records and transaction history for use in legal cases that would highly depend on data and evidence acquired from financially-savvy experts. Forensic accountants are also used for acquiring sensitive data about a suspected individual's lifestyle and spending habits as the individual could also be laundering money or assets through family, friends or business partners.
Forensic accounting experts use many methods to analyze and prepare financial data. Forensic accountants will look into bank accounts, transaction history, expected sales, accounts receivable and expected profitability to detect any financial errors or funds and assets from unknown sources. The suspected individual's original net worth is compared to their final net worth, and sensitive information about funds or assets will usually be acquired through bank statements, brokerage records and credit history reports.
These strategies are used by matching the suspected individual's total expenditure from those sources to the available amount of funds they have. Other sources of financial inspection not mentioned can also include the gifts and inheritances being granted to the suspected individual. Forensic accountants will also search for suspicious earnings and transactions from third-party sources related to the suspected individual. This is important because scammers will often use close sources to launder goods and divert attention away from them.
If you suspect an employee or business associate is committing fraud against your company, you should contact KA Forensics for expert assistance and advice on protecting your business from financial fraud. Directed by senior partner Jim Kinsel, our professionals are highly certified with over 30 years of experience, and we have helped many people get justice and compensation for financial fraud cases.