Blog

Posts Tagged: forensic accounting expert in Philadelphia

Employee-Driven Retail Fraud Continues Despite Fraud Deterrence Measures

Despite increasingly stringent fraud deterrence measures, fraudulent activity in retail operations such as stores and restaurants continues to pose a significant problem, with the retail industry estimating a loss of nearly $3.2 billion to fraud in 2014. “Technological improvements and greater oversight have made it more challenging for fraudsters to steal cash and inventory from… Read more »

Forensic Accountants Simplify the Most Complex Data for Jurors

Presenting financial information to a jury, especially in complex matters, can seem a nearly impossible task.  Most jurors have little or no understanding of financial statements or financial analysis, and introducing large amounts of data and complex spreadsheets can be mind boggling and intimidating.  But the job of a forensic accountant providing expert witness testimony… Read more »

Fraud Tales: Fraud Investigation Tracks Tiny Fraud that Grew

As fraudulent activity goes, it was a seemingly miniscule theft — a mere $2,000 pilfered decades ago.  Hardly worth raising an eyebrow.  But the case of Mark Jenkins is a prime example of how a seemingly innocuous case of fraud can mushroom into a major theft, requiring a forensic accountant to conduct a fraud investigation… Read more »

Fraud Tales: Fraud Investigation Uncovers Medicare and Medicaid Fraud

Government payments to providers under the Medicare and Medicaid programs are based on an “honor billing system,” meaning it is up to providers to honestly and accurately bill the government for services or goods provided.  Not surprisingly, fraud investigations routinely uncover fraudulent activities that cost the government billions of dollars each year. “As a forensic… Read more »

Fraud Tales: Fraud Investigation Reveals Fraudulent Junior Partner

The senior partner at an auto dealership was a successful businessman who owned multiple businesses.  As a result, he relied heavily on his junior partner to act as the general manager of the dealership.  With the dealership running smoothly and turning a profit, the senior partner had no reason to suspect anything was amiss until… Read more »

Valuation Issues in Divorce Best Left to Forensic Accounting Experts

Determining the equitable value of a business that is at the center of a divorce case can be a tricky situation, particularly when spouses have differing opinions about what that value should be.  No doubt that is why most attorneys turn to a forensic accounting expert who has served as a marital dissolution accountant and… Read more »

Rely on Forensic Accounting Experts to Untangle Valuation Issues in Divorce

The decision to end a marriage is a messy affair that becomes undoubtedly more complicated when the division of property includes a business that must be valued.  In these cases, determining a fair value for the business is best left in the hands of a forensic accounting expert who has experience serving as a marital… Read more »

Forensic Accounting Experts Tackle Valuation Issues in Divorce

Marriage dissolution is never easy.  Throw in the complexity of one spouse owning a business that must be equitably valued and the complications multiply.  Fortunately, forensic accounting experts who also have served as marital dissolution accountants and business valuation experts can help unravel the complexities and help the parties reach a fair valuation of the… Read more »

Forensic Accounting Experts Unravel Complex Valuation Issues in Divorce

Ending a marriage equitably can be a complex process when spouses and their attorneys face the daunting prospect of determining the value of a business.  In these cases, it is always a good idea to consult a forensic accounting expert who also has served as a marital dissolution accountant and a business valuation expert to… Read more »

Recovering from Disaster with the Help of a Forensic Accounting Expert

Hurricanes.  Tornadoes.  Floods.  Blizzards.  Fires.  When disaster strikes, companies often rely on business interruption insurance to cover lost profits and extra expenses incurred as a result of the catastrophe.  They also often rely on a forensic accounting expert to guide them through the complex process of calculating lost profits and filing the necessary economic damage… Read more »

Engage Expert Witnesses Early for Successful Litigation Support

Trial attorneys know that expert witness testimony from a forensic accounting expert can be critical in determining the outcome of legal proceedings.  Likewise, the timing of when an attorney engages the services of a forensic accountant for litigation support services and, ultimately, expert witness testimony also has a direct bearing on the success or failure… Read more »

Outsourced CFOs Bring Big Benefits at Reasonable Cost

Many small- to medium-sized businesses rely on their controller or accounting manager to handle routine financial and accounting matters.  But what if a company’s financial needs exceed the basic functions their controller or accounting manager can provide?  What happens when the more specialized services of a Chief Financial Officer (CFO) are needed, but the company… Read more »

Forensic Accounting Experts Bring Peace of Mind in Trust and Estate Disputes

If you have children or grew up with brothers and sisters of your own, you probably know all about sibling rivalry and family squabbling.  The conflicts tend to be fairly mundane.  Who got the biggest piece of cake?  Whose turn is it to take out the garbage?  Who borrowed a favorite sweater without permission?  And… Read more »