Forensic Accounting integrates accounting, auditing and investigative skills to develop evidence used in legal matters. An experienced Forensic Accountant will analyze, interpret, summarize and present complex financial and business-related issues in a manner which is both understandable and properly supported. A successful presentation often requires the creation of computerized applications to develop financial evidence which will be used to build and defend a case in court. In this regard, Forensic Accounting encompasses both Litigation Support and Investigative Accounting.
Forensic accountants provide litigation support by quantifying damages sustained by parties to an existing or likely legal dispute, and they can even assist in resolving disputes before they reach the courtroom. Forensic accountants are active in every phase of discovery, reviewing exhibits and testimony for discrepancies and identifying areas for exploration through deposition and interrogatories. Disputes which are ultimately litigated often require that an experienced forensic accountant testify as an expert witness.
Investigative Accounting involves determining whether criminal matters such as employee theft, securities fraud (including falsification of financial statements), kickbacks, identity theft and insurance fraud have occurred. As part of the forensic accountant’s work, he or she may recommend actions that can be taken to minimize future risk of loss, as well as to protect and recover assets. Investigation may also occur in civil matters such as searching for hidden assets in divorce cases.
What can Second Creek’s Forensic Accountants do for you?
Analyze Data & Quantify Issues in Shareholders' and Partnership Disputes
Assess the Financial Merits of Settlement Offers
Assist in Criminal Investigations
Calculate Losses for Business Interruption Claims, Contract Disputes, Construction Claims, Expropriations, Breaches of Non-Compete Clauses, Product Liability Issues and Trademark and Patent Infringements
Contribute to Pleadings, Discovery, Exhibit Production and Evidence Collection
Critique and Review Opposing Expert Witness Reports
Determine the Viability of Pursuing Litigation or Defense
Identify Assets for Judgment Recovery
Identify Perpetrator, Extent and Nature of Employee Fraud
Reconstruct Income and Expenses
Review Insurance Policies for Breadth of Coverage and Calculate Loss
Trace Funds, Identify and Recovery Assets and Provide Due Diligence Reviews
Trace, Locate and Evaluate Assets in Matrimonial Disputes