What is forensic audit?

The worldwide scourge of fraud, day by day is becoming a phenomenon of multiple changes and permanent mutation, optimizing its ability to adapt to all kinds of control systems that stand in its way. One of the peculiarities that it possesses is its link and progress associated with the devastating advance in computing and technology of the 21st century.

Consequently, fraud becomes versatile, prevailing in any nation or continent, regardless of language, race, culture or religion, that is, without any kind of impediments that violate its existence or impede its devastating advance.

Fraud, however, is not a static phenomenon. The economy is constantly evolving and new forms of fraud are constantly emerging. Furthermore, fraudsters adapt their behavior according to existing control systems, so that if these remain unchanged, the effectiveness of controls is greatly reduced.

Therefore, it is necessary to acquire sufficient training, skills and abilities to detect in a timely manner all kinds of fraudulent conduct. Faced with this situation, various countries are developing new fraud prevention and detection techniques, including Forensic Auditing, the scope of which is carried out in the field of Public and Private Finance, considerably expanding their work spectrum in fraud investigation.

Founded in 2001, Studler Doyle is a global investigation and forensic accounting firm from Aurora, Illinois, that provides high quality services and consistent product concept to its clients. Studler Doyle performance is not subject to a learning curve in handling crime & fidelity claims. The company has extensive background & experience and is a leading provider of crime investigation, fidelity investigation, and accounting education to its clients.

Drawing upon the expertise and skills of its various practice groups, Studler Doyle regularly  handles the investigation, analysis and litigation of suspicious insurance claims. All CPA's have the expertise and ability to provide coverage analysis of suspicious claims.

The proliferation of financial scandals and frauds in recent years has made forensic accounting one of the fastest growing areas, have required the frequent participation of accountants in processes of a legal nature and in most cases in cases of economic crime. Companies due to corporate collapses and business failures are hiring forensic accountants to prevent, in addition to investigating various types of errors.

Forensic audit characteristics

The forensic audit, investigates, analyzes, evaluates, interprets, and based on this, testifies and persuades judges, juries and others about the financial information on which there is a presumption of crime, therefore:

·         The information is analyzed exhaustively.

·         You think creatively.

·         Must have common business sense.

·         Master the basic elements of electronic data processing and have excellent communication skills.

·         You must have complete discretion, extensive experience and absolute confidence.

·         Poses knowledge in accounting, auditing, criminology, investigative and legal matters.

Studler Doyle performance is not subject to a learning curve in handling crime & fidelity claims. The company has extensive background & experience and is a leading provider of crime investigation, fidelity investigation, and accounting education to its clients.