Forensic Accounting
Adept Financial Forensics
Over 30 Years of Experience | Member of Oklahoma Society of CPAs | Free Initial Consultations
Over 30 Years of Experience
Member of Oklahoma Society of CPAs
Free Initial Consultations
Forensic Accounting
Do you worry that you or your business might be the victim of fraud?
Do you need to analyze your financial data to uncover potential misconduct?
Are you investigating an entity for possible acquisition and need to ensure the absence of financial irregularities? Maybe you're involved in litigation and require an expert witness to testify on your behalf?
If any of these situations apply, you need our Forensic Accounting services. Call the staff at Keith Stingley, CPA today!
Who Needs Forensic Accounting
Forensic accounting - also called financial forensics or forensic auditing - is an area of accounting that investigates actual or anticipated disputes. Disputes can range from business-related litigation to marital dissolution. We handle both litigation support and investigative accounting.
Litigation Support
This area covers accounting assistance for current or pending litigation.
For a litigation assignment, we will do the following:
- Assist in obtaining the necessary documentation to support or refute a claim;
- Examine the relevant documentation to form an assessment of the case;
- Review the damages report by the opposing expert;
- Assist with settlement discussions and negotiations; and
- Attend trial to hear the testimony of the opposing expert and provide assistance with cross-examination.
Investigative Accounting
Occasionally, you may need to explore whether fraud or misconduct has occurred, such as employee theft of property or inventory, misappropriation of funds by employees, kickbacks to employees from outside businesses, securities fraud, and insurance fraud.
With our investigative accounting services, we bring to bear our accounting knowledge and experience in the field to give you a clear understanding of the situation. When you retain our expertise, we skillfully do the following:
- Review the situation and offer suggestions for possible courses of action;
- Assist with the protection and recovery of assets;
- Coordinate with other experts, including private investigators, forensic document examiners, and consulting engineers; and
- Assist with any necessary civil action or criminal prosecution.
Forensic Investigations Take a Variety of Forms
The services of a forensic accountant are required for a range of investigations across many different industries.
Here are the most common assignments in forensic accounting:
- Disputes among shareholders or partners: The compensation and benefits given to each of the shareholders or partners are one of the more common issues in these cases.
- Personal injury claims or motor vehicle accidents: When economic losses from a personal injury or vehicular accident are in question, a forensic accountant is brought in to help out.
- Insurance claims: Because insurance policies vary greatly in their terms and conditions, such engagements require a thorough policy review to determine the appropriate method of figuring the loss. A forensic accountant can assist from either the insured or the insurer's standpoint.
- Business or employee fraud investigations: The investigation of employee fraud often requires a determination of the extent of the fraud. It may or may not include the identification of a perpetrator. Many times, such assignments necessitate interviews of staff who had access to the funds.
- Matrimonial disputes: Usually, when a dispute of this nature arises, forensic accountants must locate and evaluate the disputed assets, be they businesses, property, or fiduciary.
- Business economic losses: These kinds of engagements include contract disputes, construction claims, expropriations, product liability claims, trademark and patent infringements, and losses stemming from an alleged breach of a non-compete agreement.
If you think you have reason to be concerned about financial misconduct, please call us today. We are happy to offer a free initial consultation to help you determine whether our services are needed. You can also fill out this form
to request a call back.
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