Forensic Accounting ServicesParker Russell UAE has a team of Forensic Accounting Services Expert that provides techniques and processes adopted by the accounting department to resolve the accounting issues that any company goes through.
What is a Forensic Accounting?
Forensic Accounting Is a process conducted by a certified forensic investigator. A certified fraud examiner handles the disputes and takes necessary steps to sort them wherein he combines the combination of accounting knowledge along with the investigating skills while supervising the corporate accounts.
Forensic accounting services an area of accounting where the accountant is required to use their set of skills to investigate cases of fraud or embezzlement that could have taken place within a company or organization. Using these skills, it is the accountant’s job to analyze the financial information on hand and use it in the legal proceedings that will follow the case.
Economic conditions are getting tougher as we move forward, and UAE is leading the way as the demand for more forensic accounting services continues to grow amidst tough economies and corporate governance. Why the demand exists is because companies are now being more closely scrutinized, and in an attempt to keep fraud at bay, growing efforts are needed to detect and prevent it in addition to taking legal action against those guilty of the charges.
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Why Forensic Accounting is Needed?
Because of the detail of work involved, the skills of the average accountant and editor is often inadequate. A forensic accountant is different from the average accountant because the skills that they need involve being something of a detective, investigator, examiner and even an expert witness all rolled into one.
A forensic accountant’s job is to uncover every detail behind a possible corruption case that could have occurred – what happened, how it happened and who was behind it. A forensic accountant is a financial version of a detective, and they must be knowledgeable when it comes to fraud management and business processes to be able to detect the misconduct.
When Do You Need a Forensic Accountant?
Companies often turn to the forensic accounting experts when fraud has been discovered, often after the crime has been done. More companies in UAE need to realize the growing importance of hiring forensic accountants actively to prevent the fraud before it can happen, and how imperative the accountant’s role will be in their organization. Fraudulent crimes are not just a costly affair, but one that could also do some damage to the company’s reputation depending on the severity of the crime. Prevention is always better than finding a cure.
Forensic Accountant’s Duties:
- Expert Witness and Dispute Advisory
- Alternative Dispute Resolution
- Fraud Investigations
- Anti-Money Laundering
- Licensing management
- Litigation support
- Fraud risk management
- Data analytics
- Regulatory compliance
Why choose Parker Russell UAE?
Professionally qualified and experienced auditors
Vast industry knowledge
Compliance with International standards
We have experienced fraud examiners and forensic accountants team who are approved and registered financial experts by Abu Dhabi and Dubai Courts. They are well experienced in the UAE business laws and conversant with report writing. Also, they have worked with many leading law firms in the UAE in relation to company and labor disputes. Also, Most of our staff are bilingual in English and Arabic.
We are approved and registered financial expert by the following entities:
- Abu Dhabi Courts
- Dubai Courts
Why Parker Russel UAE?
Making sound business decisions requires reliable financial reporting information. We work with all types of organizations, from the small to the large global companies, to help business leaders and stakeholders in all industries to communicate a fair picture of their financial performance.
Our experienced, trusted accountans can help with a variety of complex business issues and transactions. With our know-how, we can make recommendations for your organization’s finance function efficiency, articulate effective employee benefits programs, or realize value out of large volumes of data.
What our Clients say?
We’ve been using Parker Russell’s services since 2011. Their Accountants are very professional, efficient and has been a great support to our accounts team over the years.
Offices in the UAE
Years of Experience
Office No. 504, Port Saeed, Al Wahda Building, Dubai, United Arab Emirates P.O. Box : 31367
Phone No : +971 4 2959958
Fax No : +971 4 2959945
Email : email@example.com
Office No. M03, Building No. 13, Tourist Club Area, Abu Dhabi, United Arab Emirates, P.O. Box : 48517
Phone No : +971 2 6452666 /6459446
Fax No : +971 2 6454499
Email : firstname.lastname@example.org
Office No. 204, Al Jahili Area, Bldg. No. 137, Hessa Bint Mohamed Street, Al Ain, United Arab Emirates P.O. Box : 48517
Phone No : +971 3 762 4690 / 763 3979
Fax No : +971 2 6454499
Email : email@example.com