Forensic Accounting: Main Goals and Objectives

In the event of a variety of conflict situations, without which it is difficult to imagine economic activities, an accounting expert can correct the situation. This is a separate study conducted by qualified specialists whose purpose is to find out the real state of affairs in the organization.

The conduct of accounting expertise is aimed at identifying errors in the maintenance of documentation. Also, experts check the lawfulness of actions of law enforcement and tax authorities, as well as auditors. And in some cases there is a forensic accounting examination, appointed by the judicial bodies without fail. Both voluntary and mandatory verification takes into account receipts, reports and orders, as well as available materials and equipment.

Accounting expertise is one of the forms of procedural legal determination of facts about civil, criminal and economic illegal actions. It is carried out in the event that you need information about the directions and amount of financial flows, sources of financing, as well as the reasons for the dramatic change in the financial condition of the enterprise.

The main objectives of accounting expertise:

• Identification of errors in registration of accounting transactions;
• The establishment of facts of thefts and shortages and clarification of their circumstances;
• Audit quality assurance;
• Determination of the amount of material damage caused;
• Finding out the real number of available material objects;
• Development of recommendations on the optimization of tax and accounting for business transactions.

The examination of the object is aimed at identifying errors in the primary documents (invoices, cash orders, etc.), during the analysis of which specialists can obtain the necessary data. Consolidated registers (card accounts, turnover sheets and orders), as well as other reports (declarations, balances, income statements) are also considered.

Conditions and grounds for the appointment of forensic examination

Forensic accounting is always appointed and conducted in accordance with national legislation. However, it can be appointed only by an investigator or a judge. Its results are considered to be judicial evidence and can not be replaced by an interrogation protocol or any other document.

Classification of forensic examinations

By organizational features, examinations are distinguished:

• Basic, which solve the basic issues related to the case;
• Initial;
• Repeated.

The following types of examinations are singled out on procedural grounds:

• Commission (one issue is considered by experts in various industries to provide a detailed conclusion on it);
• One-hazard (one question is studied by specialists of one industry);
• Multi-disciplinary (specialists of various industries are engaged in the study of several issues that are important for considering this case).