What is Forensic Accounting?
Forensic accounting is defined as that specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. “Forensic” means “suitable for use in a court of law”, and it is to that standard and potential outcome that our experts always work.
- Personal Injury & Loss of Earnings
- Business Interruptions & Economic Losses
- Family Law Proceedings & Divorce Settlements
- Asset Tracing and Tracking
- Fraud Investigations
- Expert Witness
- Professional Negligence
- Company Valuations / Due Diligence
- Mediation & Arbitration
- Fidelity and Surety Claims
- Shareholder and Partnership Disputes
- Assistance in Legal Proceedings
The forensic accountant should be retained as early as possible in order to obtain the maximum benefit. The assistance that we can provide early in the process can be significant in reducing the overall cost and maximising the benefit. If retained early, we can assist with the Examination for Discovery, identify additional areas of damages, assist with settlement negotiations and provide a preliminary assessment of the quantum of damages.
Early involvement of a forensic accountant to examine the financial and business aspects of disputes often leads to speedy and cost efficient resolutions. Our analysis draws upon both our accounting and commercial experience in the assessment of facts.