Forensic Accounting Today

The Solo Accountant Reporter: A Top-70 Favorite

The Solo Accountant Reporter is now included as one of Rick Telberg's top-70 favorite blogs/websites. The full list is included on the main page of his CPA Trendlines blog. Telberg is a highly-respected CPA industry trend-watcher and blogger/writer. Among the other respected sites making the Telberg "favorites" list are AICPA's CPA Insider, Francine McKenna's re: The Auditors, Tracy Coenen's FraudFiles, Michael Ramos' The EyeShade, Larry Bodine's Law Marketing Blog and PWC's CFOdirect Network. To have this blog included in such a strong industry listing is an honor...and it reminds me of the need to be more active in making regular posts.

Preserving Chain of Custody in E-Discovery

Source: LexisNexis Tech Tips...

As the field of electronic discovery has matured, attorneys have enjoyed the benefits of electronic document review. They realize that the actual discovery and review processes have not changed—only the tools and the storage media are different. Review teams have become accustomed to the speed and efficiency of electronic discovery and would consider even a small-sized document review unmanageable if forced to use paper review methods.

Veteran review teams have learned that most of what it takes to make an electronic discovery project successful must happen before a single byte of data is gathered. This article discusses one of the crucial components of a discovery project: how to maintain a chain of custody log for all data gathered throughout the life of the case.

Purpose

The purpose of a chain of custody log is to prove that the integrity of the evidence has been maintained from seizure through production in court. Chain of custody logs document how the data was gathered, analyzed, and preserved for production. This information is important, as electronic data can be easily altered if proper precautions are not taken. A chain of custody log for electronic data must demonstrate the following: the data has been properly copied, transported, and stored; the information has not been altered in any way; and all media has been secured throughout the process.

Procedures

 Documentation must be maintained throughout the life of the evidence and must be readily available for review at any time. Every instance of contact with the data must be documented throughout the entire discovery process.