By Chrissie A. Powers, CPA/CFF, CFE, CVA
Forensic accounting is the use of financial and investigative skills involving actual or potential litigation. A lawyer needs the best advice when litigation involves an accounting issue. A forensic accountant looks beyond the numbers. Forensic accounting assignments vary and not all assignments involve fraud. Forensic accountants are engaged to investigate fraud, reconstruct accounting records, review internal control policies or serve as an expert witness. The forensic accountant is often engaged during a shareholder dispute, bankruptcy proceeding, business interruption claim or as a rebuttal expert. In a domestic relations case, forensic accountants trace hidden assets, calculate separate property or determine true economic income. Do you need to calculate lost profits, lost wages or determine a damage calculation? Call on a forensic accountant.
Chrissie Powers can be reached at email@example.com or 614-745-5192.