Chad Kluemper has held several positions at Honeywell Aerospace since 2012. He started as a licensing analyst and auditor before moving to the marketing and product management team as a senior licensing manager. His current role as a senior program manager in the integrated supply-chain department makes Chad Kluemper responsible for responsibilities such as forensic accounting.
2. INTRODUCTION
• Chad Kluemper has held several positions at Honeywell
Aerospace since 2012. He started as a licensing analyst
and auditor before moving to the marketing and product
management team as a senior licensing manager. His
current role as a senior program manager in the
integrated supply-chain department makes Chad
Kluemper responsible for responsibilities such as forensic
accounting.
Forensic accounting involves investigating fraud or
financial manipulation through thorough research and
analysis of a company’s financial information. This process
seeks to quantify damages and identify the full extent of
losses through four basic steps: data collection,
preparation, analysis, and reporting. More specifically, the
process involves the following:
3. ACCOUNTING
• - examination of business records
- inspection of historical statements
- identification of irregularities in business practices
- review of journal entries
- analysis of trends, flow of funds, and electronic data
- interview of involved parties
- overall assessment of the situation
- collaboration with other experts
The entire process of forensic accounting take months or
sometimes years. It also requires a team of experienced
professionals. Together, these professional work to
resolve not only fraud and embezzlement but also other
business interruption-related issues.
