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Wednesday, February 19, 2020

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.

Thursday, January 30, 2020

Fraud Examination

Fraud


Fraud is an intentional act that causes the victim to suffer an economic loss and/or the perpetrator to realize a gain. From the global investigation and forensic accounting firm, Studler Doyle, we learned that the simple working definition of the term ‘fraud’ is “theft by deception”.

The legal definition is the same in both, criminal or civil offense. The difference however is that criminal cases must meet a higher burden of proof.