Forensic Accounting

Forensic accounting also called financial forensics or forensic auditing is an area of accounting that examines actual or potential disputes.
Our forensic accounting services encompass litigation support and investigative accounting.

Litigation Support

If you require accounting assistance for current or pending litigation, we can provide the following services:
• obtain and compile the necessary documentation for a claim;
• examine the documentation to form an assessment of the case;
• review various reports and aid in discussions and negotiations; and
• attend trial and analyze the testimony of the opposing expert.
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 that 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 business, 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.

If you have questions about our forensic accounting services, contact us and we can provide a free consultation on items to consider.