NEWS & EVENTS
Message from the CEO
These days, if you say you’re a forensic accountant, you’re more likely to get a date than a decade ago. Good-looking, brilliant people in beautiful offices analyzing evidence to catch the criminal. You’re a forensic accountant, you say? Awesome.
And you are awesome, I’m sure, but forensic accounting can be anything but. Finding fraudulent transactions is difficult. Producing evidence and documentation that can be used in litigation can be nearly impossible. Enter the forensic auditor’s best tool: continuous transaction monitoring. Every transaction, monitored everyday, in real-time, for fraud, misuse and errors. Documentation available instantly. Costs are reduced. Efficiency goes through the roof. You’re named employee of the year and get a big bonus. Now, that’s awesome!
– Patrick Taylor, CEO
– Oversight Systems
Article
Forensic Accounting
Don’t feel like you are the only one who is not sure of what “forensic accounting” is. While it is a term that is being used more often it has different connotations to different people. Even the accounting profession does not have a standard definition of forensic accounting let alone a single, comprehensive body of knowledge on the subject. Learn more about the nuances of forensic accounting in May’s edition of the McKittrick Report.
White Paper
Forensic Auditing: Structural Requirements for Fraud Monitoring
Without continuous transaction monitoring, finding erroneous or fraudulent transactions can be difficult, especially if the person committing the fraud knows the criteria a company uses to look for suspicious activity. Learn exactly how continuous controls monitoring can help, and how it would integrate with your accounting systems.
Quick Question
April’s Quick Question Results
Are you familiar with your company’s FCPA compliance monitoring program?
You responded: Yes, I am familiar with my company’s FCPA compliance program.
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| 63% Yes, I am familiar with my company’s FCPA compliance program. |
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37% No, I am not familiar with my company’s FCPA compliance program. |
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One incredible comment we received:
“As the Director of Internal Audit, in 2007 I drafted an FCPA Policy and a companion compliance monitoring program and presented them to senior management and the Board with my recommendation that they be adopted. They were both put in place for 2008.”
Well done. If last month’s newsletter inspired others of you to learn more about FCPA, please let us know in the comments section of this month’s Quick Question.
May’s Quick Question
The first 100 respondents will receive Oversight's "CFI: Corporate Fraud Investigator" t-shirt!
