What is Forensic Accounting?

 

Forensic Accountants combine the skills and services of an Auditor, an Investigator and a Forensic Analyst. In an increasingly complex and litigious business world these such services are frequently required to provide expert testimony in court for litigation support and to resolve disputes across a range of areas from personal injury claims to matrimonial disputes, fraud investigations and interruptions in business. “Forensic Accounting” provides an accounting analysis that is suitable to the court which will form the basis for discussion, debate and ultimately dispute resolution.

 

As Forensic Accounting specialists, with over 10 years experience our managing partner has a wealth of knowledge in a broad range of litigation cases, expert witness reporting and presentation and the negotiation of settlements. Equally critical is our ability to respond immediately and to communicate financial information clearly and concisely. Forensic Accountants are trained to look beyond the numbers and deal with the business reality of the situation.

 

What type of assignment does a Forensic Accountant undertake?

 

  • Personal Injury – Loss of Earnings
  • Business Interruptions & Economic Losses
  • Commercial disputes
  • Matrimonial Proceedings & Settlements
  • Government Enquiries
  • Fraud Investigations
  • Professional Negligence
  • Company Valuations / Due Diligence
  • Mediation & Arbitration

 

What does Forensic Accounting work involve?

 

  • Detailed investigation and analysis of books, records, financial statements and financial evidence for Loss of Earnings Claims, Disruption of Business, Alleged Fraud, Economic Loss etc.
  • Identification of any unusual or suspicious transactions
  • Identification of Hidden Assets & Unreported Income
  • Drawing up schedules of assets and income for matrimonial and other cases
  • Quantifying values in a dispute
  • Comprehensive help with all court work from the preparation of clear and concise reports for Plaintiffs and Defendants, testifying as an expert witness, attending consultations and settlement meetings with other professional witnesses and legal advisors
  • Recreating books and records which have been destroyed in a fire or flood and determining the profit or loss of a business where the records have been destroyed or are unavailable
  • Critiquing of other experts’ testimony
  • Computation of loss from commercial breach of contract, supply of faulty equipment, faulty raw materials / products, delays in completing contracts and similar type commercial disputes

 

Contact Avid Partners today to see how we can assist you through our Forensic Accounting Services. Arrange a Free Consultation with us to talk through the specific aspects of your business and we will tailor a package to meet your needs.  You can phone us on 01 4286900, email us at advice@avidpartners.ie  or alternatively you can fill out the form below.

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