FORENSIC ACCOUNTING INVESTIGATIONS
We understand that each situation requiring a forensic accounting investigation is unique. Our approach is to first understand the situation and tailor our procedures to match your needs. By doing this, we can provide efficient, targeted procedures that get you the information you need to move forward.
We get you the answers you need by:
- Processing large amounts of data and summarize them in an understandable way.
- Identify and present patterns of transactions that are outside of the normal course of business or are otherwise suspicious.
- Analyze specific, unusual transactions to determine if these transactions are supported by source documents or other evidence.
- Corroborate conclusions made regarding the valuation of a business or the quantum of guideline income.
The following are some examples of situations where we were able to bring clarity by completing a forensic accounting investigation:
- Hidden assets – We examined the banking and business records of an individual in a matrimonial breakdown to assess whether assets and/or income were being hidden.
- Compliance with agreements – We examined the accounting records of a company and summarized payments made to shareholders over a 10-year period to determine if the shareholders received distributed profits in accordance with the shareholders’ agreement.
- Verification of income – We verified the income earned by a spouse, post-divorce by comparing accounting records to bank transactions.
- Lifestyle assessment – We summarized banking and credit card information to present the spending patterns of spouses in a matrimonial matter.
- Reasonability of transaction information – We investigated the performance of a business before and after a purchase and sale transaction to understand the reasons for changing performance. This was done to test the reasonability of information provided during the purchase and sale of the business.
- Asset misappropriation – We reviewed the work of other experts related to the misappropriation of assets by employees and its impact on the value of the underlying business. This included several complex alleged schemes to misappropriate cash from the business.
- Vouching of funds to sources – We summarized the sources and uses of funds in an alleged Ponzi scheme. This demonstrated that the client’s funds were largely sourced from deposits and not as a benefit of the Ponzi scheme.