How to Work with a Forensic Accountant

RogerRossmeisl

Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. So if you suspect fraud and possibly want to take a perpetrator to court, a forensic accountant can be critical.

21st Century Forensic Accounting

RogerRossmeisl

Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. But the accounting landscape and client needs are constantly changing. Here’s how the profession has adapted and digitized 21st century forensic accounting, and how it’s applying the latest technological solutions. Fraud Briefs Forensic Accounting

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The Face of Forensic Accounting

FraudFiles

When you need to find lost or hidden money, forensic accountant Tracy Coenen is the detective you want on your side. Consider her a financial crime fighter: part accountant, part fraud investigator.

Forensic Accountants and Securities Fraud Cases

FraudFiles

In this video, Tracy Coenen talks about the securities fraud cases that might need the assistance of a forensic accountant. Public Companies Videos

Data Sleuth: Using Data in Forensic Accounting Engagements and Fraud Investigations

FraudFiles

It’s time pre-order the most valuable fraud investigation and forensic accounting book you will ever read. I had the privilege of previewing Leah Wietholter’s book Data Sleuth: Using Data in Forensic Accounting Engagements and Fraud Investigations.

Big Firm Advantage in Forensic Accounting

FraudFiles

Contrast this with the risk of using a small law firm or forensic accounting firm. A small firm lawyer or accountant can have just as much knowledge as a big firm professional. Forensic AccountantWhen companies have big problems, they usually bring out the big guns. The benefits of using large law firms, audit firms, and other professional service firms are undeniable.

An Example of a Forensic Accountant Finding Fraud in a Divorce

FraudFiles

about a divorce case of his in which a forensic accountant was able to find significant financial frau. Divorce and Family Law Forensic Accountant VideosTracy Coenen talks with Miles Mason, Esq.

Big Firm Advantage in Forensic Accounting Services

FraudFiles

Contrast this with the risk of using a small law firm or forensic accounting firm. A small firm lawyer or accountant can have just as much knowledge as a big firm professional. When companies have big problems, they usually bring out the big guns.

The Role of the Forensic Accountant in Trust and Estate Matters

Withum

Articles

How Forensic Accountants Can Assist in False Claims Act (“FCA”) Litigation Matters

Withum

Articles

AICPA Announces New Professional Standards for Forensic Accounting Service Providers

Katz,Sapper&Miller

While all CPAs must abide by the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct (which requires professional competence, due professional care, planning and supervision, and sufficient relevant data), no statements on an authoritative standard existed specifically for those providing forensic services

Fraud Investigation for Small Firms

FraudFiles

The growth in forensic accounting and fraud investigation specialties has led accounting firms of all sizes to expand their practices to these areas. Is it as easy as it sounds to add forensic accounting to your firm’s competencies? Forensic Accountant

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Using Lifestyle Analysis to Find Hidden Income and Assets

RogerRossmeisl

Forensic accountants have many tools to help them find evidence of hidden assets or fraud. Financial profiling Forensic accountants develop a financial profile of a subject by examining: Bank deposits.

Wage Loss Damage Calculations

FraudFiles

Forensic Accountant VideosTracy talks about calculating damages for wage losses. These situations may include wrongful termination, wrongful death, or time lost from work due to an accident. She gives a helpful list of the types of damages that might be included.

Tracy on the Where Accountants Go Podcast

FraudFiles

Yesterday I appeared on Mark Goldman’s “Where Accountants Go” podcast. Mark owns MGR Accounting Recruiters , a company that matches employers with job seekers in the accounting and finance arena. Forensic Accountant Podcasts

Using a Financial Expert in a Family Law Case

FraudFiles

In addition to these financial issues, an accounting expert could also play the following roles in family law cases: Assisting with settlement activities, evaluating the financial impact of a settlement offer, making certain calculations, and giving opinions on various settlement scenarios.

Small Fraud Investigation Firms

FraudFiles

Firms of all sizes are interested in expanding their practices to include forensic accounting and fraud investigation. Yet adding forensic accounting to a firm’s portfolio of services might not be as easy as it sounds. Forensic Accountant

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Dreams of Being a Prison Warden…

FraudFiles

And now I spend my days finding money as a forensic accountant! Forensic Accountant PodcastsHear the story of my dream of being a prison warden… that got derailed when I discovered financial investigations.

Controlling Litigation Costs with Fixed Fees

FraudFiles

What is the timeline for finishing the forensic accounting work? Most forensic accounting firms won’t do this for a client. I get down to work immediately and complete the forensic accounting engagement efficiently.

Starting a Fraud Investigation (Course at CPA Crossings)

FraudFiles

Accountants, private investigators, risk management professionals, law enforcement officers. Financial Investigations Forensic Accountant cpa crossingsComing up on Thursday Oct. 15: Starting a Fraud Investigation course at CPA Crossings. This is a 2 hour online course. It is the second in a 4 part series on conducting fraud investigations, but don’t worry… the 4 courses can be taken individually and in any order. This session costs only $89 for 2 CPE credits.

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Becoming a Fraud Investigator (Course at CPA Crossings)

FraudFiles

It is jam packed with forensic accounting information, but it’s cheap at only $89 for 2 CPE credits! It’s getting you ready to perform a fraud investigation with information from a forensic accountant like: – Common workplace fraud schemes. Accountants, private investigators, risk management professionals, law enforcement officers. Financial Investigations Forensic Accountant cpa crossingsThis Thursday Sept.

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Don’t Try a Do-It-Yourself Fraud Investigation

FraudFiles

Financial Investigations Forensic AccountantWhen a business owner or executive encounters proof of a fraud-in-progress, a natural reaction is often to immediately begin investigating. After all, someone has to get to the bottom of the situation.

How-To Guide to Fraud Investigations Course (CPA Crossings)

FraudFiles

– Apply forensic accounting procedures to financial data. Accountants, private investigators, risk management professionals, law enforcement officers. Financial Investigations Forensic Accountant cpa crossingsComing up on Monday, October 19: How-To Guide to Fraud Investigations course at CPA Crossings. This is a 2 hour online course, and is the third in a 4 part series on conducting # fraud investigations.

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How Cash Flow Statements Help Experts Find Fraud

RogerRossmeisl

Forensic accountants generally look for amounts that seem unreasonable and for increases or decreases in accounts that seem to contradict trends in operating cash flows or other financial information. Many fraud investigations focus on financial statements.

To Prove Fraud, You Need to Preserve Evidence

RogerRossmeisl

In most cases, you should hand a fraud investigation over to your attorney and a forensic accounting expert. Prevention is the heart of any fraud mitigation program.

Formats for Financial Data in Fraud Investigations

FraudFiles

How should your accounting records be provided to your forensic accountant? Tracy talks about how she wants to receive the general ledger and related data. Hint: Digital is preferred over paper.). Expert Witness Financial Investigations Videos

3 Ways Fraud Experts Use Data Analytics

RogerRossmeisl

Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest employees.

Getting the Goods on Inventory Theft

RogerRossmeisl

A forensic accountant can assist in getting the goods on inventory theft. Maybe the numbers didn’t add up during your company’s recent inventory count.

The Interview Before the Fraud Interview

RogerRossmeisl

When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. She called her company’s attorney, who recommended a forensic accountant to investigate.

Something’s Wrong in your Office. Is it Fraud?

RogerRossmeisl

But when fraud is occurring, it usually leaves traces — for example, accounting anomalies — for fraud experts and other knowledgeable people to find. Not all red flags lead to active occupational fraud schemes.

How Not to Suck at Divorce Podcast

FraudFiles

Episode 20 is all about Divorce Finances, Forensics & Fraud. Tracy is a certified public accountant, certified in financial forensics, a master analyst and fraud investigator. When is hiring a fraud investigator or forensic accountant necessary?

Bank Statements in a Divorce

FraudFiles

When there are suspicions of hidden income or secret investments or bank accounts, an analysis of known bank accounts can reveal helpful details. Tracy Coenen explains how bank statements and credit card statements can be used by a forensic accountant in a divorce or child support case.

Being an Expert Witness in Criminal Defense Cases

FraudFiles

Defendants in criminal cases such as tax fraud, money laundering, or embezzlement often need forensic accountants to help evaluate complex financial situations.

When Divorcing Business Owners Minimize Profits

RogerRossmeisl

If you or your attorney suspects this type of deception, engage a forensic accountant to investigate. Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets.

Put Employees to Work Fighting Fraud

RogerRossmeisl

Training is critical A forensic accountant can conduct on-site, broad-based training for employees in the form of live or virtual presentations.

Do-It-Yourself Divorce Financial Analysis

FraudFiles

Hiring a forensic accountant for your divorce is expensive. If you can’t afford a forensic accountant, what can you do when you receive all the financial discovery in your divorce case? Brokerage account statements.

Sareena Sawhney Appointed Vice Chair of the D&O, E&O Committee for the Professional Liability Defense Federation (PLDF)

Withum

Sareena specializes in complex fraud investigations, forensic accounting, and white-collar defense matters as well as services related to commercial litigation and professional liability matters.

Lifestyle Analysis in White Collar Criminal Defense

FraudFiles

In these cases, the help of a forensic accountant or fraud investigator can be invaluable. In these cases, a forensic accountant or fraud investigator is looking for outside pieces of information that may support estimates and assumptions.

Is a Lifestyle Analysis Simply Data Entry?

FraudFiles

Why does a forensic accountant need to do the lifestyle analysis? Can’t anyone with a bit of accounting training do it? It takes a forensic accounting expert to drill down into the numbers, to know what problems to look for, and the make reasonable estimates and judgments.

Qualifying As an Expert in Court

FraudFiles

In this video, Tracy Coenen talks about how she presents herself to the court as a forensic accountant so that she will be qualified to provide expert testimony. You are only an expert if the judge says you’re an expert.