Why Forensic Accounting Technology is Important
Forensic accounting technology is designed to make the job of a forensic accountant easier, more efficient, and more cost-effective. Increased reliance on technology means that accountants no longer need to spend their days rifling through boxes of disorganised paperwork, and can now focus more of their attention on the intricacies of other, more important areas of the case.
While this does not completely negate having to analyse physical documentation, particularly when working with some more traditional workplaces, the rise of technology makes it possible to analyse data in a significantly shorter amount of time than could have been done before.
Lost or deleted evidence can be retrieved and extracted to be used in court, relevant documents can be keyword-searched to save time, evidence can all be shared with colleagues in seconds — no matter where they are.
This increasing reliance on forensic technology is exactly why all forensic accountants today are required to have an in-depth understanding and knowledge of up-to-date technology and softwares that can be utilised to make their job more efficient and cost-effective for clients.
How Forensic Technology Works
Computers and mobile phones with internet access are commonplace in the corporate environment, with each one containing data that could prove vital during a forensic accounting investigation. Forensic technology gives forensic accountants access to this key information quickly and seamlessly.
While modernisation with technology is excellent for making companies more agile and efficient, it can also leave them susceptible to fraud. In addition, it may give potential fraudsters extra ways to conceal their actions amongst the sheer amount of data that a business may possess.
Forensic Technology Services
The forensic technology services that we offer to each and every client we work with are:
- Data mapping
- Defensible forensic data collection
- Data Analytics
- Forensic image analysis
- Processing/hosting of data
- Consultation on new technologies
- Data interrogation
- Archival Data Restoration
- Expert Witness Statements
We have amassed a great deal of expertise in guiding our clients through whatever their case may be, using only the latest training and technology.
The Forensic Information Technology Process
The forensic information technology process is designed to streamline an investigation. It is intended to provide a clear, step by step run through; from uncovering vital evidence, through to preservation and documentation, and finally, to analysis and presentation of this potentially key evidence.
Free eBook: The Complete Guide to Forensic Accounting
Whether you’re in the middle of a divorce, are having a disagreement with a fellow shareholder, you’re accused of/have been victim to financial crime, or are the subject of a POCA order, there is a huge variety of ways a forensic accountant can assist and support you through any situation, no matter how complicated.
Whatever your situation, our free guide to forensic accounting is designed to help you to better understand the work done by our team of experts. We cover how the process works, when a forensic accountant’s skill set can help you, their specific areas of expertise, and much more.
How Our Forensic Technology Consultants Can Help
Internet access is routinely used across the corporate world. Every worker will use devices like computers and mobiles, all with access to the internet, and all storing data and information.
This data and information stored on technology can be key to unlocking a high stakes case of fraud or misconduct.
At Inquesta, we have all the latest technology, and a team of specialist forensic accountants that are dedicated to their craft. This means we are able to provide you with an unmatched service, and make sure that all evidence is found and presented efficiently and effectively.
The best interests of our clients are at the forefront of everything we do, so you can be confident you are dealing with a company that will leave no stone unturned in the pursuit of the best possible results.
Get In Touch
Our Specialist Team
Meet the expert team at Inquesta ready to use the latest forensic technology to assist you with whatever you need.
Rob Miller
Director of Forensic Accounting
A co-founder of Inquesta, Rob Miller is a chartered accountant, a member of the Institute of Chartered Accountants in England and Wales (ICAEW), and a Practising Member of The Academy of Experts.
With decades of experience in providing specialist forensic accounting services, Rob has been instructed to assist with numerous cases — such as financial investigations, criminal defence and confiscation proceedings, commercial and contractual disputes, valuation matters, and much more besides. He has acted on behalf of claimants, defendants, and as a single joint expert.
Noreen Iqbal
Forensics Director
An ACCA-qualified accountant with over a decade of experience acting as a Senior Forensic Accountant within accounts and audit-focused roles. She is vastly experienced in forensic, external and internal auditing, and accounts, having worked at a senior level on a number of high-profile cases across multiple jurisdictions. Her work includes aspects of fraud, money laundering, tracing of funds exercise, and reviewing financial statements.
“Rob Miller is my first choice for forensic accountancy on criminal cases. He has an impressive eye for detail and adopts a ‘user-friendly’ approach to interaction with our clients and other professionals which ensures the smooth running of any task we instruct him to undertake.”
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