Forensic accounting is a specialised field provided by Mizael Partners.

Why does forensic accounting exist?

Forensic accounting is a specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. Forensic means ‘suitable for use in a court of law’. Forensic accountants, also referred to as forensic auditors or investigative auditors, often have to give expert evidence at trial or leading up to trial.

Who hires a forensic accountant ?

A forensic accountant may be retained in a variety of ways. A business may keep a forensic accountant in-house. An individual may hire a forensic accountant for a specific project. Forensic accountants may work in public practice or may work for an insurance company, bank, government agency or other type of organisation. A forensic accountant may work for many different types of clients and on a variety of cases.

Fraud Prevention

Forensic accounting may be used by organisations and corporations to try to prevent fraud from occurring in the first place. Early planning can help prevent a sequence of events from going into effect that would result in a customer or client committing fraud against the business. This type of case seeks to control a situation before something bad occurs.

Employee Fraud

Forensic accountants may be hired after a business suspects theft, fraud or embezzlement. Employee fraud may occur because an employee is under financial pressure due to a divorce, gambling addiction, medical issue or other issue. The employee may rationalise his or her behaviour because he or she is not making the type of money that he or she wants or did not receive a wanted promotion. Many employees have the opportunity to steal from the company or embezzle funds. A thieving employee may have been in a position for trust for many years and may know where the vulnerabilities of a business are and how to exploit these vulnerabilities.

Why choose Mizael Partners?

Mizael Partners have been providing forensic accounting services since 2002. We specialise in ensuring all financial records accurately reflect the position of the organisation. We make sure that all documents and statements are compliant with Australian International Financial Reporting Standards (IFRS) and prepare businesses should they be audited.

Contact us

To speak to one of our accredited auditors call us on (03) 8821 6868.