4 Most Common Forensic Accounting Investigation Cases

VERITI CONSULTING LLC

4 Most Common Forensic Accounting Investigation Cases

TRUTHBEHINDNUMBERS.COMCertified Financial Experts

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.


CASE #1Criminal 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.


CASE #2Fraud 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.


CASE #3Shareholder 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.


CASE #4Divorce

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.


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EXPERT TEAM


Liz Monty, CPA/ABV, CFF, CFE, CVA, DABFA

Managing Director

John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA

Managing Director

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4 Most Common Forensic Accounting Investigation Cases

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Transcript of 4 Most Common Forensic Accounting Investigation Cases