During divorce proceedings, the wife of a prominent physician claimed her soon-to-be ex-husband had failed to report substantial amounts of cash his business had received as payment for services. The doctor’s alleged bookkeeping improprieties made his medical practice appear to be less profitable than it really was, thereby reducing the potential settlement the wife would receive from the divorce.
David Anderson was appointed as the marital dissolution accountant to determine the true value of the physician’s business. During his forensic accounting investigation, David uncovered a second set of books for the practice that reflected a clearer picture of the physician’s income, including the unreported cash payments. David’s findings and subsequent testimony as a divorce accountant resulted in setting a higher value for the physician’s practice and a correspondingly higher cash settlement for the wife’s share of the business.