Forensic Accounting Services
AlFahad Tax Consultancies 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?
A certified forensic investigator conducts the forensic accounting process. While managing the business finances, a trained fraud examiner manages the disputes and takes the required actions to resolve them. He combines accounting knowledge with investigative skills.
Forensic accounting is a branch of accounting in which an accountant must apply their knowledge and abilities to examine possible incidents of fraud or embezzlement within a corporation or organisation. The accountant’s task is to assess the financial facts on hand and use it in the legal proceedings that will follow the case using these talents.
As we move forward, economic conditions are becoming more difficult, and the UAE is leading the way as demand for more forensic accounting services grows in the face of difficult economies and corporate governance. The demand exists because organisations are now being investigated more thoroughly, and in order to keep fraud at bay, increased measures are needed to detect and prevent it, as well as take legal action against individuals who commit the offences.
Let's discuss your requirements
Why Forensic Accounting is Needed?
Because of the complexity of the work, the abilities of the average accountant and editor are frequently insufficient. A forensic accountant differs from a regular accountant in that the abilities they require are similar to those of a detective, investigator, examiner, and even an expert witness.
A forensic accountant’s task is to figure out everything there is to know about a possible corruption case — what happened, how it happened, and who was behind it. A forensic accountant is a financial version of a detective, and in order to detect fraud, they must be well-versed in fraud management and business operations.
When Do You Require the Services of a Forensic Accountant?
When fraud is found, typically after the crime has been committed, companies frequently turn to forensic accounting professionals. More organisations in the UAE must recognise the growing relevance of actively recruiting forensic accountants to detect fraud before it occurs, as well as the importance of the accountant’s function in their organisation. Fraudulent crimes are not only expensive, but they also have the potential to harm a company’s reputation, depending on the severity of the crime. Finding a remedy is always preferable than prevention.
Forensic Accountant’s Duties:
Expert Witness and Dispute Resolution Services
ADR stands for “alternative dispute resolution.”
Investigations into Fraud
Anti-Money Laundering (AML) is a term that refers to the prevention of
Licensing administration
Litigation assistance
Risk management for fraud
Analytical data
Observance of regulations
Why choose AlFahad Tax Consultancies?
Auditors that are both professionally prepared and experienced
Vast industry knowledge
Cost-Effective
International standards are followed.
Free Advisory
Our Team
We have a team of skilled fraud examiners and forensic accountants that have been approved and registered as financial experts by the courts in Abu Dhabi and Dubai. They have extensive knowledge of UAE company rules and are proficient in report writing. They’ve also collaborated with many of the UAE’s top law firms on business and labour conflicts. In addition, the majority of our employees are bilingual in English and Arabic.
Our Accreditation
The following entities have approved and registered us as a financial expert:
- Abu Dhabi Courts
- Dubai Courts
Why AlFahad Tax Consultancies?
Making smart company decisions necessitates the use of accurate financial reporting data. We help business leaders and stakeholders in many industries provide a fair image of their financial performance. We deal with all types of businesses, from small to huge worldwide corporations.
Our seasoned accountants can assist you with a wide range of complicated company concerns and transactions. We can give advice for improving the efficiency of your organization’s financial operation, articulating efficient employee benefit programmes, or extracting value from enormous amounts of data using our expertise.
What our Clients say?
Since 2011, we’ve been employing AlFahad Tax Consultancies’ services. Their accountants are extremely competent and efficient, and they have provided invaluable assistance to our accounting team throughout the years.
Ahmed Khalil
Our Strengths
Offices in the UAE
0
Clients Served
0
+
Years of Experience
0
Employees
0
+
