The global goal of the accounting policy of any enterprise, regardless of the form of ownership and structural subordination, is to provide an opportunity for the management of the enterprise and its owners to objectively assess the assets and liabilities of the enterprise. Fixed assets occupy a prominent (usually the most important) place in the…
Why Should You Go for Forensic Accounting Even After Conducting an Audit of Your Business?
Imagine you work in the accounting department in a bank and are happy about the good results. But since your company regularly makes much better profits than comparable banks, you become skeptical. But despite intensive research of the books available to you, you cannot find any irregularities. Even the auditor cannot discover anything illegal in…
The Need for Forensic Accounting and How a Forensic Accountant Is Different?
The main procedure in forensic accounting emphasizes in-depth interview techniques and data analysis, although it often uses general audit techniques such as checking reconciliation, confirmation, and so on. Forensic Accounting & Fraud Detection focuses on certain segments, such as income and expenses suspected of fraud or corruption, either from an insider or third-party reports (tip-off) or indications…
What Problems Can Be Solved With The Retail Audit?
The retail audit is a comprehensive analysis of key performance indicators of enterprise processes, all processes included in the supply chain from the manufacturer to the shelf in the store. The retail audit is carried out to identify strengths and weaknesses, determine the degree of manageability, and identifying errors and opportunities for improving business processes…
The Role of Forensic Accounting in Combating Fraudulent Practices
In the private sector, forensic auditing can be useful for most cases of financial crimes such as embezzlement, misrepresentation of financial facts, arson for profit, bank fraud, commercial bribery and bribery, computer fraud, and so on. Forensic Accounting & Fraud Detection, as the use of expertise in auditing and accounting combined with investigative abilities to…
Unique Characteristics of Forensic Accounting
The field of forensic accounting has become a hot topic of discussion among accounting practitioners and academics in recent decades. A forensic accountant is generally divided into two types based on their field, namely litigation support specialists and investigative or fraud accounting. Litigation support includes business assessment, earnings analysis, and future earnings evaluation. An example…
Secure Your Company’s Information and Maintain Confidentiality With Network Access Control
Every organization has some form of information that is used every day for its business purposes. To protect sensitive information such as customer payment information, employee data, or other strategic information. It’s very important to take Network Security measures and ensure that the information never enters public access. The following are steps to secure information belonging to…
One Hour With Your Business Advisor Is An Important Reflection To Start Your Year Off Right
After the very tumultuous year 2020, the Covid-19 will certainly continue to impact SMEs in 2021. A slow down in activities for many companies, obligation to apply strict health standards, prioritization of teleworking, variations in the working environment of business (changes of suppliers, loss of competitors), and others. While some businesses have had to shut…
Tax Strategies You Can Apply For Business Development
As a good entrepreneur, you must obey paying taxes either online with the help of the tax application feature or in other ways. To ease the payment of corporate taxes, you must plan a strategy and tax management that can help improve performance efficiency due to a reduced tax burden. Tax planning management is the…
Now Focus On The Core Activities of Your Business By Hiring Business Consulting Services
Because of its large role for a business, consultants have many benefits for businesses that are being built or run. Of course, paying dearly for a consultant there must be a trade-off. What is clear is that they will make it easier for us to determine our business steps. 1. Business consultants help make the…