Forensic Accounting is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. “Forensic” means suitable for use in Court. Forensic accountants apply their accounting knowledge and experience to legal issues. Therefore, forensic accounting is considered a form of litigation support that involves accounting.
Forensic accounting is different than traditional accounting services. Our work is held to a standard that can be used in Court. Forensic accountants use their accounting knowledge to identify anomalies to be investigated and their familiarity with investigation techniques goes beyond a typical accountant’s skills. It requires someone with knowledge of court proceedings, certain aspects of the law, and the ability to present their findings in a calm, understandable, non-accountant fashion in a courtroom or deposition.
Why would I need a Forensic Accountant?
Forensic Accountants are needed for a wide range of investigations. I review financial documents to identify inaccuracies. I analyze, interpret, and summarize complex financial and business matters. I also trace discrepancies, assist attorneys with their cases and present findings to be used as trial evidence. I use my expertise to uncover information that helps you understand the numbers and determine what happened.
Your regular CPA performs traditional accounting services and might not have the knowledge and experience necessary to perform forensic services. Hiring qualified forensic assistance that has the training and experience necessary to handle your investigation correctly will save you money in the long run.
Facts & Figures Forensics has the knowledge and experience you are looking for. Let me help you!