As the country’s economy grows, the risks of various economic crimes, such as money laundering, also grow. Forensic accounting and forensic audit allow gathering and presenting financial, accounting, legal, administrative, and tax information, in a way that will be accepted in a court of law, against the perpetrators of a financial crime. Therefore, there is a need to prepare people with an integral vision, who facilitate the evidence of complex crimes such as money laundering.
Founded in January 2001 for the express purpose of meeting the growing need for fraud investigation and forensic accounting by claim adjusters & attorneys, Studler Doyle has grown into one of the country’s top forensic accounting companies, providing a complete range of forensic accounting solutions. Bellow, the forensic accounting experts from Studler Doyle explain the basics of forensic audit and how it is used.
In the process of forensic audit applied to the investigation of money laundering, it is assumed that financial crime is an intellectual crime carried out by people who apply the most sophisticated processes to avoid controls in the financial system. For the investigation and prosecution of money laundering crimes, forensic experts use a methodology that conforms to the laws on the matter and the procedures of the justice system of each country, avoiding making mistakes that could nullify the evidence and contaminate the evidence that will be presented as a basis for establishing the charges or accusations.
The forensic audit, therefore, is a specialized audit that should focus on fraud detection and prevention through a preventive and detective system. The Preventive Forensic Audit should be aimed at providing evaluation and/or advice regarding its ability to deter, prevent (avoid), detect, and react to money laundering, while the Detective Forensic Audit should be aimed at identifying the existence of money laundering. The result of a detective forensic audit work is submitted for the consideration of the court, which will be in charge of analyzing, judging, and issuing the respective sentence and asset forfeiture.
Every forensic audit requires a multidisciplinary team, under the direction of an investigator in charge and with experience, duly authorized and accompanied by the money laundering compliance officer of each public or private organization. Studler Doyle Forensic Accounting & Global Investigation experts use a team-based approach, providing expertise to help protect businesses from fraud and internal theft and to obtain the knowledge to deal with financial disputes successfully. The forensic accounting team of Studler Doyle has many years of experience meeting the strict standards required by courts of law.