The Task of Forensic Accountants

Accounting documents and financial statements are the main testimonials of the assets and financial position, as well as the economic and financial performance of the business entity. Manipulating accounting records entails fictitious and incorrect processing of data, with the intention of concealing the true picture of the condition of assets, sources of funds or business results. When abusing legislation, it creates a picture of their compliance, grazing within the regulations looking for ways to achieve the desired business goals. The goal is achieved through numerous manipulations that create different values ​​of assets, costs and outflows.

Headquartered in Aurora, Illinois, Studler Doyle is a forensic accounting company with an extensive background & experience of crime investigation, fidelity investigation, and accounting education to its clients. The company was founded in 2001 by two promising Certified Public Accountants, Dee Studler and Krista Doyle.

Forensic accounting is a special accounting practice that arises from a real or foreseen dispute or disputes. When a forensic bidder defined forensic accounting, they would get two answers and both are correct. They have similarities, but not always expressed in a consistent way, and the answers reflect the characteristics of this specialty accounting. The definition of forensic accounting comes down to fraud, fraud prevention and fraud investigation. Forensic accounting is specific, in the context of fraud, and fraud is very different, which is why forensic accounting skills are valuable.

The highlight of the new field of forensics, forensic accounting, is caused by the rapid change in the electronic business environment and the rapid increase in the number of business frauds. 

Although fraud can be found in many forms, it most often comes down to the theft of assets and information or the misuse of one's property in the form of information. In today’s world, accountants can most help in investigating the corporate, or rather financial fraud, prevalent in the digital environment today. In this paper, Studler Doyle proposes a model of integrated forensic investigation of business fraud, which is a combination of accounting, auditing and digital investigation. However, before this approach can be properly verified, additional testing must be carried out.

Forensic accounting employees must have high moral and professional qualities, as well as technical conditions, in order to use their knowledge as efficiently and quickly as possible. Without reducing the needs of forensic accounting in developed countries, it is certainly much more important in transition economies, since transition is considered an activity subject to all kinds of manipulation and fraud. Therefore, the task of forensic accountants is not only to investigate financial statement fraud, but also to all other types of fraud - tax fraud, bankruptcy, organized crime, money laundering, corruption and many other frauds. Forensic accountants are mostly hired by management or a third party. As a global investigation and forensic accounting firm, Studler Doyle seeks and encourages minority employment to provide for the multiple language & cultural needs of the insured.