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The Litigation Side of Forensic Accounting Copyrighted 2001 D. Larry Crumbley, CPA, Cr.FA, CFD KPMG ... - page 128 / 275

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© D.L. Crumbley

Defensible Investigative Process

3. Cleaning data in a methodical fashion, which objectively allows the database to be compared to the benchmarks set forth.

Data are purged of unreliable and unrepresentative observations in order to minimize the effects of data-entry error and increase the reliability of results (i.e., credit sales are isolated from cash sales).

4. Comparing the data to the benchmarks.

The forensic accountant complies observations into a format in order to compare the data set to the commonly accepted standards (i.e., accounts receivable are aged, turnover ratios are computed, and these are compared to industry averages).

Source: Forensic Accounting Techniques: For Litigation Purposes, p. 5.

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