Forensic Accounting

Do you worry that you or your business might be the victim  of fraud? Do you need to analyze your financial data to uncover  potential misconduct? Are you investigating an entity for possible acquisition and  need to ensure the absence of financial irregularities? Maybe you’re involved  in litigation and require an expert witness to testify on your behalf? If any of these situations apply, you need our Forensic  Accounting services.


Who Needs Forensic  Accounting?

Forensic accounting – also called financial forensics or  forensic auditing – is an area of accounting that investigates actual or  anticipated disputes. Disputes can range from business-related litigation to  marital dissolution. We handle both litigation support and investigative  accounting. Litigation Support This area covers accounting assistance for current or  pending litigation. For a litigation assignment, we…

  • assist in obtaining the necessary documentation to support or refute a claim;
  • examine the relevant documentation to form an assessment of the case;
  • review the damages report by the opposing expert;
  • assist with settlement discussions and negotiations; and
  • attend trial to hear the testimony of the opposing expert and provide assistance with cross-examination.

Investigative Accounting Occasionally, you may need to explore whether fraud or misconduct has occurred, such as employee theft of property or inventory, misappropriation of funds by employees, kickbacks to employees from outside businesses, securities fraud, and insurance fraud. With our investigative accounting services, we bring to bear  our accounting knowledge and experience in the field to give you a clear  understanding of the situation. When you retain our expertise, we skillfully…

  • review the situation and offer suggestions for possible courses of action;
  • assist with the protection and recovery of assets;
  • coordinate with other experts, including private investigators, forensic document examiners, and consulting engineers; and
  • assist with any necessary civil action or criminal prosecution.

Forensic Investigations Take  a Variety of Forms

The services of a forensic accountant are required for a range  of investigations across many different industries. Here are the most common assignments in forensic accounting: Disputes Among Shareholders or Partners. The  compensation and benefits given to each of the shareholders or partners is one  of the more common issues in these cases. Personal Injury Claims / Motor Vehicle Accidents. When  economic losses from a personal injury or vehicular accident are in question, a  forensic accountant is brought in. Insurance Claims. Because insurance policies vary  greatly in their terms and conditions,  such engagements require a thorough  policy review to determine the appropriate method of figuring the loss. A forensic  accountant can assist from either the insured or the insurer’s standpoint. Business/Employee Fraud Investigations.The  investigation of employee fraud often requires a determination of the extent of  the fraud. It may or may not include the identification of a  perpetrator.  Many times, such assignments necessitate interviews of staff  who had access to the funds. Matrimonial Disputes. Usually, when a dispute of this  nature arises, forensic accountants must locate and evaluate the disputed assets,  be they  businesses, property, or fiduciary. Business Economic Losses.These kinds of  engagements include contract disputes, construction claims, expropriations,  product liability claims, trademark and patent infringements, and losses  stemming from an alleged breach of a non-compete agreement.

Give Us a Call

If you think you have reason to be concerned about financial  misconduct, please call us today. We are happy to offer a free initial consultation  to help you determine whether our services are needed.