Posts Tagged ‘private investigator’

Forensic Accountants and the Private Investigator License

magnifyprintRecently the AICPA published an article on its Journal of Accountancy website regarding private investigator licensing rules across the country. There is a concern that forensic accountants may be subject to private investigator regulations since they are doing investigative work. The AICPA has drafted a grid outlining the regulations by state, but you should do further research on your own because it does not tell the whole story.

The grid provides the following information on private investigators in Wisconsin:

Do Former Law Enforcement Officers Make Better Forensic Accountants?

Today Brian Willingham of the Diligentia Group has inspired me with his article Do Former Law Enforcement Officers Make Better Private Investigators? While Brian agrees that experience in law enforcement can be helpful to a private investigator, it does not necessarily make that investigator better. The same can be said for forensic accountants and fraud investigators: Law enforcement experience can be helpful, but it is not as important as you might believe.

Brian points us to a video that suggests that:

Hiring a Private Investigator

Several times a year, I work on cases which also require the work of a private investigator. They simply do certain work that I don’t, such as “deep dive” background checks, database searches, and surveillance.

But how does a client choose one? There are over 50,000 licensed private investigators in the U.S., and finding the right one is often tricky. You need to be sure that the investigator has three characteristics:

What? Barry Minkow Busts ANOTHER Fraud???

Noooo… It can’t be. After all, didn’t he used to be a criminal? Isn’t he just a liar who is trying to bring down squeaky clean vitamin companies so he can make zillions of dollars for himself?

Well, that’s what his “fan club” would have you believe.

Yet here we have another huge fraud uncovered thanks to Barry’s hard work. Only $39 million stolen this time, but who’s counting?

According to the article in the Wall Street Journal:

Expert Fraud Investigation
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CPA's Handbook of Fraud and Commercial Crime Prevention
Essentials of Corporate Fraud
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