It’s a question we’re asked a lot. A thorough examination of your accounts, forensic accounting can open up a world of possibilities, but also a wealth of uncertainties.
So, with this in mind, we thought we would delve a bit deeper into the ins and outs of forensic accounting.
Forensic Accounting in More Detail
Forensic accounting is an investigation of a company’s financial background. It enables a debt recovery agency like ours to build a picture of a business’s assets over a certain time frame.
Indeed, these thorough examinations deliver a comprehensive and detailed report, which is often required as part of:
• A loss of earnings claim
• A suspicious fraud
• Wrongdoing claim
• Pre- and post-transaction due diligence investigation
Indeed, forensic accounting utilises accounting, auditing and investigative services to conduct a thorough examination into the finances of not only an individual, but also a business, be it a huge conglomerate or an SME.
Forensic Accounting and Fraud
Cobra Financial Solutions have over 75 years’ combined experience in the debt recovery and fraud investigation industry. Indeed, our expert team use advanced technology to research and assess every business’s creditworthiness, and our forensic summary reports can be used as evidence in legal proceedings.
Many of our clients are businesses who have fallen victim to fraud, through either wrongful trading or misrepresentation. They want to compile evidence in order to recover lost sums of money.
Equally, our forensic accounting clients are often informed, repeat customers, who wish to assess future prospects in order to prevent further loss.
Indeed, when an organisation is faced with a financial incident that may have legal consequences, be it an account mishap, suspicious fraud, financial crime or even a breach of company policy, it’s important that any forensic accounting is independent and executed also be a similar independent body, such as us here at Cobra Financial Solutions.
Furthermore, we use the very best state-of-the-art forensic technology and tools to identify and analyse vast amounts of numerical data, be it electronic or hardcopy data. In essence, we give you the answers you crave in a format you can understand, but is also legal and presentable to any regulatory body you answer to.
Trust Cobra to Complete Your Forensic Accounting
Customer service is at the heart of our ethos, we want our clients to leave us satisfied, and eager to recommend our services to their contacts, even more so when it comes to repeat business like forensic accounting.
In addition to forensic accounting, we provide a wide range of other specialist services including debtor tracing and face-to-face debt recovery to high court enforcement and commercial rent recovery.