fbpx

Fraud and financial irregularities can seriously hurt a company, especially one that is planning to grow and expand. Reliable forensic accounting services can help nip illegal activities in the bud as well as identify critical areas that may be causing your business to lose money.

Increasing incidences of financial fraud has given rise to the field of forensic accounting, a specialty practice area focusing on uncovering fraud in business.  Staff Domain’s forensic accounting and fraud investigation services involves a detailed assessment of a company’s accounting system and processes to verify whether the numbers presented are honest and accurate.

The Difference Between Financial and Forensic Accounting

Unlike financial accounting, forensic accounting and fraud examination is not done on a routine basis, so it’s important for the owner or executive management team to schedule the forensic account investigation at the proper time and as privately as possible.

Forensic Accounting Services is an important field for businesses who are at risk for fraud and illegal activities. When there is suspicion of embezzlement or misappropriation of funds, the company’s focus shifts from core operations to the investigation – taking away more time and money from the business.

Forensic Accounting Auditing

Forensic accounting auditing takes time and skill. Forensic and investigative work may require back tracking on earlier financial records and tracing transactions which happened months or even years ago. Staff Domain’s forensic accountants have eagle eyes and highly-developed analytical skills to go over your company’s financial data thoroughly.

Having a dedicated staff to handle this crucial but time-consuming task ensures getting the evidence you need to catch an unscrupulous individual without every other operation grinding to a halt.

Our offshore forensic accounting, audit and investigation team helps businesses develop preventive measures to keep fraud from happening. Having fool-proof systems in place will make any dishonest executive or employee think twice before dipping his hands in company funds.

Why Businesses Should Consider Offshore Forensic Accounting Services?

Forensic accounting services can also help companies grow by eliminating steps or procedures that are costing the business money. A forensic accounting specialist is adept at finding the root cause of operational or financial problems. For example, a product is not bringing in the profits as originally expected, your forensic accountant can examine the financial data and suggest a course of action to take to correct the issue.

When companies spend too much money on a particular business aspect, an offshore certified forensic accountant can determine if the expenses are necessary. He tracks problems and provides you with valuable information and financial insight that could keep you from continuing to lose money.

 

____________________________________________________________________________

An Australian Business Process Offshoring (BPO) organization focused on supporting small to medium businesses, Staff Domain, Inc. is committed to helping its partners overseas achieve cost savings and rapid growth through end-to-end offshore recruitment and operational management.

Based in Pasig City, Metro Manila, Philippines, Staff Domain outsource teams feature the best talent who take pride in the work and the professional choices they make. The company’s State of the Art Facility exceeds the expectations of working professionals and ensures productivity- a space where smart professionals and businesses can grow together.

Considering offshoring for your business? Visit Staff Domain to get learn more and get started.

Book a Consultation

Staff Domain News

How will offshore outsourcing impact my local team?

How will offshore outsourcing impact my local team?

"What about our jobs?" It's one of the most common questions asked by local teams new to offshoring. And it’s a fair question. When most people hear the words "offshoring" or "offshore outsourcing" – they think back to the international behemoths who cut tens of...

3 Ways WFH has set teams up for Offshoring Success

3 Ways WFH has set teams up for Offshoring Success

Work from home (WFH) and virtual teams are the new norm, and offshore outsourcing is the future. According to a recent report by Citi and the University of Oxford, WFH has led to the realisation that if a job doesn’t depend on location, it can be done offshore. This...

Staff Domain is now in South Africa

Staff Domain is now in South Africa

Staff Domain is pleased to announce that we are now operating in South Africa! This expansion is an exciting step for our company and clients – current and future. South Africa is an ideal destination for offshoring success. Home to large, educated populations with...

AUSTRALIA

Suite 43 (Ground Floor)
52 Parramatta Road
Homebush
NSW 2140
Australia

UNITED STATES

5830 E 2nd St
STE 7000 #2475
Casper
WY 82609
United States

PHILIPPINES

Level 36 Cyberscape Gamma
Topaz & Ruby Roads
Ortigas Center
Pasig City
Philippines

HONG KONG

Suite 2 Level 12A
Enterprise Building
228-238 Queen’s Road Central
Hong Kong

Staff Domain, Inc.
© 2022

Close Bitnami banner