Forensic Audit

forensicauditIf you are getting a divorce and suspect your spouse is hiding assets a forensic audit could benefit you and your attorney. Tom Williams can tackle any type of forensic economist engagement of any complexity and qualifies as an Expert Witness for U.S. District Court, Family Court, Bankruptcy Court, and local courts. Forensic Accounting has existed for many years.   A Forensic Audit can provide you with the financial evidence you need to support your claim.  With the growing complexity of the business environment and the growing number of business related investigations, Forensic Accounting professionals are increasingly asked to assist in the investigation of financial and business related issues, fraud, and divorce proceedings.

A Forensic Accountant is often retained to analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported. Forensic Accountants can be engaged in public practice or employed by insurance companies, banks, police forces, government agencies and other organizations.

Forensic Accountants are often retained by the following groups:

  • Lawyers
  • Police Forces
  • Insurance Companies
  • Government Regulatory Bodies and Agencies
  • Banks
  • Courts
  • Business Community

A Forensic Accountant is often involved in the following:

  • Investigating and analyzing financial evidence
  • Developing computerized applications to assist in the analysis and presentation of financial evidence
  • Communicating their findings in the form of reports, exhibits and collections of documents
  • Assisting in legal proceedings, including testifying in court as an expert witness and preparing visual aids to support trial evidence
  • A Forensic Accountant can be of assistance in various ways, including: Investigative Accounting
    • Review of the factual situation and provision of suggestions regarding possible courses of action.
    • Assistance with the protection and recovery of assets.
    • Coordination of other experts, including:
      • Private investigators;
      • Forensic document examiners;
      • Consulting engineers.
    • Assistance with the recovery of assets by way of civil action or criminal prosecution.

    Litigation Support

    • Assistance in obtaining documentation necessary to support or refute a claim.
    • Review of the relevant documentation to form an initial assessment of the case and identify areas of loss.
    • Assistance with Examination for Discovery including the formulation of questions to be asked regarding the financial evidence.
    • Attendance at the Examination for Discovery to review the testimony, assist with understanding the financial issues and to formulate additional questions to be asked.
    • Review of the opposing expert’s damages report and reporting on both the strengths and weaknesses of the positions taken.
    • Assistance with settlement discussions and negotiations.
    • Attendance at trial to hear the testimony of the opposing expert and to provide assistance with cross-examination.

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