4 Most Common Forensic Accounting Investigation Cases
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Discover the 4 most common types of forensic accounting investigation and what you need to know before hiring a forensic accounting investigator for your case.
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4 Most Common Forensic Accounting Investigation Cases
- 1. VERITICONSULTINGLLC 4 Most Common Forensic Accounting Investigation Cases TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts
- 2. How Can You Find Out Where Your Money Has Come From or Gone? Forensic accounting is a special branch of accounting that specializes in uncovering discrepancies and inconsistencies that may mask tax evasion, money laundering or other criminal activity. There are many potential situations where a forensic accounting investigation may be required. TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts
- 3. CASE #1 Criminal Investigations Many criminal organizations take particular care to make the money they bring in through illegal activity appear legitimate; the authorities call this process money laundering. To uncover this process, a forensic investigator must examine the financial records closely. TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts
- 4. CASE #2 Fraud Investigations A common way to steal money is to convince people to give it to you in exchange for a service or product you provide. When the service or product does not exist or you lie about its value, you are guilty of committing fraud. To uncover fraud, businesses or law enforcement use forensic accounting investigations. These investigations help to uncover who the criminals have taken money from, and where the money was spent or stored. TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts
- 5. CASE #3 Shareholder Disputes The people who started the business often receive shares representing their investment and stake in the business. Sadly, these arrangements do not always go smoothly; sometimes, there are disputes between shareholders. When the dispute cannot be resolved within the company, other shareholders or law enforcement may conduct a forensic accounting investigation. The goal of this investigation is to determine what portion of the company each party owns, and what the value of this portion actually is. TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts
- 6. CASE #4 Divorce When a marriage partnership is dissolved, it is called a divorce. Many divorces are settled amicably, but not all of them. When the previous spouses cannot agree on how to divide the property they once owned together, problems may arise. In some cases, a dishonest spouse may attempt to disguise the actual value of the common assets to keep the other partner from receiving what rightfully belongs to them. A forensic accounting investigation can follow the trail of money. TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts
- 7. THANK YOU FORREVIEWINGTHIS PRESENTATION PRESENTATION BY: VERITI CONSULTING LLC 8111E. THOMASRD. #120SCOTTSDALE, ARIZONA 85251 TEL: (877)520-1280 • EMAIL: INFO@TRUTHBEHINDNUMBERS.COM WWW.TRUTHBEHINDNUMBERS.COM
- 8. EXPERTTEAM TRUTHBEHINDNUMBERS.COM CertifiedFinancialExperts Liz Monty, CPA/ABV, CFF, CFE, CVA, DABFA Managing Director John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA Managing Director
- 9. CONTACT VERITICONSULTING LLC CONNECTWITHEXPERIENCED FRAUD, FORENSIC& ECONOMICDAMAGES EXPERTS CALL:877-520-1280 EMAIL:INFO@TRUTHBEHINDNUMBERS.COM PRESENTATION BY: VERITI CONSULTING LLC 8111E. THOMASRD. #120SCOTTSDALE, ARIZONA 85251 TEL: (877)520-1280 • EMAIL: INFO@TRUTHBEHINDNUMBERS.COM WWW.TRUTHBEHINDNUMBERS.COM