FORENSIC ACCOUNTING
We use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolution, as well as fraud and theft investigation. Our loss measurement methods can determine the extent of financial loss and illegal accounting practices. We are also qualified in asset tracing and forensic accounting.
Who needs Forensic Accounting?
Forensic accounting – also called financial forensics or forensics – is an area of accounting that investigates actual or expected disputes. Disputes can range from business-related litigation to marriage dissolution. We undertake both litigation support and accounting research for large companies and start-ups.
Forensic Accountant services are required for investigations in various industries. The following are the most common tasks in forensic accounting:
Disputes between shareholders or partners: Compensation and benefits given to each of the shareholders or partners is one of the most common issues in these cases.
Business/Employee Fraud Investigations: Investigating employee fraud often requires determining the extent of the fraud. It may also include the identification of the perpetrator. Many times, such work requires interviews with personnel who had access to the funds.
Business financial losses: These types of liabilities include contract disputes, construction claims and expropriations. They may also include product liability claims, trademark and patent infringements, and damages arising from an alleged violation of a non-compete agreement.
FORENSIC ACCOUNTING SERVICES
JUDICIAL SUPPORT
Litigation support includes the quantification of financial damages according to existing or pending disputes using accounting and auditing techniques. We have experienced capable officers who can gather information efficiently to help calculate and document any potential financial loss or damage. In today’s world of increasingly complex litigation combined with unscrupulous individuals, you simply cannot do it alone. Additionally, your likelihood of success increases when you have the expertise of an experienced Chartered Accountant on your side.
You get a different perspective, guidance that points your legal team in the right direction, and advice on the most useful documents. This consultation will cover key questions to be put to the opposition, expert witness testimony and rebuttal of the opposition filing.
Our services include assistance with pre-trial and trial issues, information, document and exhibit creation and collection as well as clear explanations of accounting, business and tax facts.
We can also perform:
Strategy development, data analysis, witness preparation
Assessment of losses, damages, profits, profits (lost profits), business differences, financial loss and business value analysis
Objecting to opposing expert testimony and cross-examination
Assistance in settlement negotiations
RESEARCH ACCOUNTING
Occasionally, you may need to investigate whether fraud or misconduct has occurred, such as theft of property or inventory by employees, embezzlement of funds by employees, kickbacks to employees by outside businesses, securities fraud, and insurance fraud.
Along with our research accounting services, we bring our accounting knowledge and industry experience to give you a clear understanding of the situation.
FRAUD PREVENTION & DETECTION
At Broulias Financial our experienced professionals, including Certified Fraud Examiners (CFE) and Certified Public Accountants (CPA), who are certified in Financial Forensics (CFF), can offer specialized expertise to help prevent, prevent and detect fraud in your organization. While the risk of fraud can never be eliminated, through proper planning and ongoing monitoring, we can help your business minimize its exposure.
In addition, we use accounting and auditing skills to provide analysis of financial records in conjunction with fraud and theft investigations. Our loss measurement methods can determine the extent of financial loss as well as detect illegal accounting practices.
We also offer fraud risk assessments and fraud investigations.
For help with scams that may be related to:
- Earnings Management
- Misstatement of Assets and Liabilities
- Over-Billing
- Bribery and Other Misconduct
- Foreign Corrupt Practices Act (FCPA) Risk Areas
- Inventory Theft
- Embezzlement
- Related Party Transactions
- Kick-backs
- Fictitious Vendors and Customer Frauds
- Related Party Transactions
- Travel and Expense Fraud
- Accounts Payable Fraud
- Foreign Corrupt Practices Act Violations
We can also help with manual journal entry manipulation, payroll fraud/ghost employees and earnings management.
Forensic investigations take many forms
Another crucial point is that the services of a forensic accountant are required for investigations in various industries.
The following are the most common tasks in forensic accounting:
Disputes between shareholders or partners: Compensation and benefits given to each of the shareholders or partners is one of the most common issues in these cases.
Business/Employee Fraud Investigations:Investigating employee fraud often requires determining the extent of the fraud. It may also include the identification of the perpetrator. Many times, such work requires interviews with personnel who had access to the funds.
Business financial losses: These types of liabilities include contracts, construction claims, and expropriations. They may also include product liability claims, trademark and patent infringements, and damages arising from an alleged violation of a non-compete agreement.
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