Last updated on October 21st, 2019 at 09:03 am

The numbers in a set of account can hide a range of fraudulent activity from the casual or even the experienced eye. The job of Alya’s forensic accountant is to look beyond the numbers and dig in to the business practices that may be hiding behind them and how these may reveal a fraudster at work.

Of course, it’s not just fraudsters we try to catch. Forensic accounting firms such as Alya help those in dispute resolve their differences by uncovering the reality of a particular situation, particularly in complex financial and business related matters.

Alya’s forensic accounting specialists are expert in analysing, interpreting and summarising particular business or financial circumstances. This helps in clearly communicating financial information concisely and articulately if the case ends up in a court room.

What is Forensic Accounting?

The clue is in the name ‘forensic.’ “Forensic” means “suitable for use in a court of law.” An accountant undertaking forensic work needs to hold ‘Chartered’ status in the UK to be qualified to give expert testimony in a court of law.

A forensic accountant utilises a range of skills, experience and understanding in the areas of business information, economic theory, financial reporting systems, accounting and auditing procedures. In addition he or she may have in depth understanding of data and electronic discovery, analysis techniques to uncover fraud, such as machine learning and data mining, stochastic forensics and stenography.

The goal is simply to uncover evidence that can identify the processes and data through which a fraud has been committed or an error has been made and for the evidential findings to be suitable for use in a court of law.

How do our forensic accountant services help?

Here are a few areas:

  • In ascertaining economic damages suffered by a company through contract breach
  • When M&A go wrong and expectations or warranties are not met
  • Typical bankruptcy and insolvency cases
  • Fraud, especially securities fraud and embezzlement
  • Company valuations, perhaps in preparation for a public flotation or acquisition
  • Computer forensics that can uncover hidden information believed lost or wiped either accidentally or maliciously.
  • Professional negligence claims

What types of companies can benefit?

This really depends on the scale of the perceived or experienced problem. A good accountant may be able to uncover the trail of an employee or business partner intent on fraud, or investigating financial aspects of an M&A. However, in serious cases though a qualified forensic accountant, sometimes called a forensic auditor or investigative auditor, is required.

Forensics accountants are used by many sized companies in many industries. Sometimes employed directly, such as in large accounting firms, security services, financial institutions and the police.

We offer a broad range of forensic accountancy services from personal injury to business valuations, losses arising from mis-sold hedging products, commercial disputes, divorce investigations, fraud investigations, proceeds of crime, expert determination, tax investigations, professional negligence and computer forensics.

Contact us today to see how our experts and solutions can help your clients’ or your legal matter. We’re happy to help. Any company that suspects or has cause for concern over a business transaction with a supplier, partner or employee, may consider the use of Alya’s forensic accounting service, depending on the scale of the potential loss.

Speak to our experts on Tel: +971 4 876 9377, Mob: +971 52 975 0690, +971 52 475 4007 or e-mail us at : audit@alyaauditors.com

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