Forensic Accounting / Auditing

Forensic Accounting/Auditing Engagements Take a Variety of Forms

Forensic accounting/auditing services are required for a range of examinations or investigations across many different industries.

Here are a few of the most common assignments:

Investigative Accounting. Occasionally, you may need an independent determination of whether fraud or misconduct has occurred, such as employee theft of property or inventory, misappropriation of funds by employees, misuse of public funds by employees or officials, kickbacks to employees or officials from outside businesses, and insurance fraud.

We bring to bear our extensive accounting and auditing knowledge and experience to give you a more clear understanding of the situation, When you retain our expertise, we......

  • review the situation and offer suggestions for possible courses of action;
  • conduct fraud examinations as appropriate and report on our independent findings;
  • 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 prosectution.

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.

Examining Misuse of Public Funds.  Taxpayers expect that public funds will be used only for authorized purposes in accordance with applicable laws, rules, and ordinances. Allegations regarding the misuse of public funds are sometimes based on actual violation of laws, rules, and ordinances, and in other instances deficiencies in the records may give rise to such allegations even when misuse has not occurred. Such allegations are distractions and time consuming and reduce the public's confidence in elected officials unless such matters are addressed in an appropriate and effective manner.

Litigation Support. This area covers accounting assistance for current or pending litigation including:

  • assisting in obtaining the necessary documentation to support or refute a claim;
  • examining the relevant documentation to form an assessment of the case;
  • reviewing the damages report by the opposing expert;
  • assisting with settlement discussions and negotiations; and
  • attending trial to hear the testimony of the opposing expert and providing assistance with cross examination.

We may also provide valuable assistance throughout the discovery process, including,

  • examining and analyzing the governmental entity and third party documents, including auitor workpapers;
  • interpreting and consulting on complex concepts of Generally Accepted Accounting Principles ("GAAP"), Generally Accepted Auditing Stanards ("GAAS"), and the standards of the Public Company Accounting Oversight Board ("PCAOB");
  • advising counsel regarding the preparation of, and/or responding to, complaints, pleadings, motions, interrogations, and document requests, amonst other court and litigation-related filings;
  • assisting legal counsel in preparation for depositions;
  • responding to opposing experts' reports and testimony;
  • assisting counsel during hearings before courts, mediation, arbitration, and trial, including consulting on issues and/or preparing demonstrative exhibits.

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.

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.

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