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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Forensic Accounting for Construction Claims

FraudFiles

Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims.

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.

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.

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

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The Role of the Forensic Accountant in Trust and Estate Matters

Withum

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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.

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

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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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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

FraudFiles Podcast with Tracy Coenen

FraudFiles

The Ins & Outs Of Forensic Accounting & Finding Fraud. Tracy Coenen: Forensic Divorce Expert and Much More. The Investigation Game Podcast with Leah Wietholter of Workman Forensics. The Life of an Accountant Spy with Tracy Coenen.

From Chaos to Clarity in Financial Investigations

FraudFiles

A forensic accountant needs to examine the financial documents and piece together the evidence in a way that attorneys, judges, and juries can understand. Traditional forensic accounting techniques alone are no longer effective in these types of investigations. Many of these cases involve moving money around rapidly between multiple bank and brokerage accounts to disguise the true sources and uses of funds.

Defending Tax Fraud Cases

FraudFiles

Often, this includes combing through bank statements and credit card statements, as well as scrutinizing accounting records. To properly defend such a case, it is necessary to have a forensic accountant involved to help evaluate the data and the issues the government will raise.

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Investigating Ponzi Schemes

FraudFiles

When Ponzi schemes are detected, a forensic accountant can help find where the money went. While fraudsters will often spend much of the money on living a lifestyle, they may have some of the money invested in assets like real estate, or in secret bank accounts overseas.

Investigating Cases With Large Volumes of Financial Data

FraudFiles

Many of the cases I work currently focus on the tracing of funds through multiple bank, brokerage, and credit card accounts. Many times, this third party source documentation is critical because accounting records are deemed unreliable.

Expert Testimony That Non-Accountants Can Understand

FraudFiles

Traditional accounting and finance skills are not enough when it comes to litigation matters. A financial expert witness must qualify as an expert in court, and must be able to convey her or his findings to non-accountants in both the written and oral formats.

Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Because of differences in accounting rules and the tax law, numbers for the same period may differ between the financial statements and tax returns.

Learn How to Investigate Fraud

FraudFiles

If you want to learn how to do fraud investigations from a forensic accountant what has over 20 years of experience in the field… here’s your chance! This course is for: Accountants who want to begin doing financial investigations. Students considering a career in forensic accounting. Investigators who need training on the financial aspects of investigations. The course is divided into 4 classes that are each 2 hours long.

Tracing Digital Assets in Divorce (Cryptocurrency)

FraudFiles

More and more people are investing in and using cryptocurrency, and it could be an important asset that needs to be accounted for during the divorce. First, you make sure you’re working with a forensic accountant or other financial expert who knows what they are talking about.

Specializing an Accounting Business: What and How?

PANALITIX

Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Some Accountants will prefer to Stay Close to Accounting. Management accounting. Financial Accounting.

How Much Does a CPA Cost?

xendoo

How much is your business currently spending on accounting costs? Bureau of Labor Statistics, though in 2017, the Journal of Accountancy claimed that the average salary for a CPA was $119,000 per year, which translates into roughly $60 per hour. Managerial accounting.

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Sources of Information for Fraud Investigations

FraudFiles

The best forensic accountants and fraud investigators are able to find additional sources of information to help crack the case. In cases in which a company’s accounting records have been compromised, these source documents are instrumental in reconstructing the finances.

4 Key Pieces of an Effective Corporate Fraud Investigation

FraudFiles

The team might include: attorney, fraud examiner or forensic accountant, auditor, private investigator, computer consultant, and a management representative. Here’s a simple way to break down the idea of a corporate fraud investigation.

Winning Auditor Malpractice Cases

FraudFiles

The first question I asked as a forensic accountant and expert witness was, “How could the auditors have discovered the fraud?” Winning a case against an auditing firm when there is a sizeable fraud ( such as the Koss Corp.

Red Flags of Divorce Fraud

FraudFiles

The first step in determining whether a forensic accountant is needed to evaluate the finances of the parties is the identification of “red flags” of fraud. Attorneys often use their instinct to determine when a forensic accountant is needed in a family law case. Undisclosed accounts, particularly if they have current activity and/or substantial balances. The vast majority of family law cases are settled without trials.

Making Mistakes With Expert Witnesses

FraudFiles

While some forensic accountants do provide those services, I’ve found that better results are often achieved by a professional who specializes in business valuations. There is little doubt that litigation can be stressful for clients and attorneys alike.