Fraud Detection and Investigation

This course discusses forensic accounting and fraud investigations. Gary mentions that his firm, Fisk and Company, primarily focuses on forensic accounting and valuation. He explains that forensic accounting involves investigating people and money and educating the court on the numbers. Gary also provides insights from a survey on fraud, including the type of fraud, red flags, and recovery of losses. He highlights the importance of analyzing data and using technology, such as artificial intelligence, to detect fraud. Gary concludes by emphasizing the role of CPAs as trusted advisors in proactively identifying and addressing fraud risks for their clients.