Forensic accounting is a specialty field that investigates possible white-collar crimes through accounting and auditing procedures. As the detectives of the financial world, forensic accountants investigate possible cases of fraud within insurance, banking, and other commercial enterprises.
With discretion, forensic accountants examine financial records and anticipate the actions of criminals seeking to hide their criminal activity. Knowing how to discover the inconsistencies in balance sheets, bank accounts, expense reports, and inventory is arguably more an art form than a numbers game. Perhaps for the first time since a team of accountants brought gangster Al Capone to justice for tax evasion in the 1930s, forensic accounting has had almost constant media coverage in recent years with high profile scandal uncovered in companies such as Enron or fraud schemes made notorious by the likes of Madoff and Jones.
At MacKay LLP you will find accounting professionals with demonstrated experience in forensic accounting. We can help with:
- Investigating suspected fraudulent activity
- Analyzing the data uncovered through an comprehensive and thorough review of all pertinent financial records and business correspondence
- Calculating the loss and uncovering exactly how it transpired
- Preparing a report to summarize all findings and articulate a plan of action
Our firm is committed to helping companies resolve issues when there is suspicion that ethical standards have been compromised by employees, directors, or company officers.
To find out more about our forensic accounting and business investigation services, please contact your local MacKay LLP office.