Understanding Why Your Company Could Need a Forensic Accountant

 

It’s always tough enough that you have to deal with data attacks on your company from the outside such as hacks and IT network security breaches, but it can be even tougher when you have to deal with internal fraud. Attacks from the outside, while damaging can still be mitigated with the right enforcement and usually you can patch up security measures afterwards. Internal fraud is much tougher to deal with because it often has no sign of data breaches, and it can be heartbreaking to feel an employee or manager of your company turned on you. But if you get in touch with a licensed forensic accountant in Chicago, your situation may be resolved.

Why Employees May Commit Fraud

Probably the first question that comes to your mind if you suspect someone in your company may have committed fraud or embezzlement is “why?” There are so many …

Cryptocurrency: Their Fundamentals, Fallacies Fortification and Future

 

Virtual currencies, notably bitcoin, have existed since 2009, with their popularity continually escalating each year. Digital currencies have intrigued some people’s ingenuity, petrified others and flummoxed the rest through ambiguity. Consequently, most people, bankers, scientists, consultants and even developers possess very finite knowledge regarding cryptocurrencies and their rudiments. Antithetical, those individuals enlightened of cryptocurrency’s frameworks have substantially prevailed and financially.

Upon the unintended creation of Bitcoin, the most renowned cryptocurrency, the inventor, Satoshi Nakamoto, Aimee to fabricate a modern electronic cash structure that uses a peer-to-peer network to avert double-spending. Satoshi’s creation led to tremendous triumph, as he managed to originate a decentralized digital cash system, with nonexistent servers or central authority. In a decentralized network, it is necessarily vital for each entity to perform its duties consensually in order to prevent double spending.

Cryptocurrency is essentially a digital currency that uses cryptography, or encryption to generate capital and …