Help For Forensic Accounting
Accounting Audits, Diligence, and Investigations Face Common Challenges
Preparing Financial Evidence
Using manual procedures like bank and invoice confirmations or traditional OCR software to extract bank statements can take weeks or months before you get to the analysis. Instead of focusing on developing professional opinions and strategy, you’re spending most of your time preparing financial evidence.
Sample Risk and Verification
Limiting verification procedures to only a sample of accounting transactions injects risk and latency into the engagement. Not only does it take longer to establish confidence for relying on client data, you may also miss critical issues and expose your firm to unnecessary risk.
Difficulty Recruiting
Recent graduates are digital natives, typically well versed in machine learning and maximizing efficiencies through technology. Asking them to spend the bulk of their time managing legacy procedures like confirmations and manual tracing can feel like a waste of their advanced degrees.
An Overview of Verified Financial Intelligence & Valid8
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Resources
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eBook
Friday, April 18, 2025 Valid8 FinancialBeyond the Balance Sheet: A Deep Dive into Real-Life White Collar Crime Investigation
This guide draws on real-world case studies & industry expertise to describe how fraud schemes operate, the challenges of traditional investigation methods, & how Valid8’s Verified Financial Intelligence (VFI) is transforming fraud detection & recovery. -
eBook
Monday, March 24, 2025 Valid8 FinancialThe Evolution of Fraud Analysis in Corporate Distress
Understanding key fraud indicators and implementing best practices in data analysis are essential for forensic accountants managing corporate distress cases. With the right strategies and tools, they can quickly surface meaningful insights by identifying questionable transactions, cash flow anomalies, and asset movements. -
eBook
Monday, December 9, 2024 Valid8 FinancialUnmasking the Insider Threat: Elevate Your Approach to Occupational Fraud Investigations
This eBook provides a look at the current situation and impact of occupational fraud and a guide for how forensic accountants can accelerate their investigations, enabling them to pursue more cases in less time.
