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Forensic Accounting and Auditing
What is Forensic Accounting?
Forensic accounting is the practice of utilizing accounting, auditing, tax and investigative skills to assist in litigation support, investigation and dispute resolution for criminal matter such as: identity theft and insurance fraud, and other instances including tax investigations, damages calculation, and marriage dissolution.
Forensic accounting identifies damages incurred by the parties involved and recommends solutions to minimize future risk of loss. A forensic accountant will attempt to resolve matters before they go to court and if necessary, testify as an expert witness.
Who needs Forensic Accounting?
Occasionally, it is necessary to explore whether fraud or misconduct has occurred. The services of forensic accountants and auditors are required for a range of investigations across many different industries.
Business Valuation & Forensic Accountant can assist with investigations related to the following items, but are not limit to:
- Employee Theft
- Financial Statements Falsification
- Expert Witness
- Tax Investigations
- Damage Calculations
- Reconstruction of Accounting Records
- Due Diligence in Mergers and Acquisitions
- Marriage Dissolution to Determine if there are Hidden Assets