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Accounting & Audit

Forensic Accounting; What’s All the Hype?

By March 6, 2019No Comments

In recent years, the visibility of forensic accounting has increased, and has become a point of focus in the media, as well as pop culture. Typically, forensics is associated with criminal dramas and the process of working a crime scene. So, at first, it may seem odd to pair the word “forensic” with the word “accounting”. However, there are a wide array of forensic accounting services that Lindsay & Brownell can provide that can aid our clients in personal and business financial management, oversight, and operations.

L&B now provides forensic accounting and litigation support services to its clients. As the term “forensic” means suitable for use in a court of law, forensic accounting involves the use of accounting skills to investigate fraud or embezzlement and to analyze financial information for use in legal proceedings.

Forensic accounting is similar to auditing in that forensic accountants evaluate the accuracy and validity of financial information connected to a legal case. We possess the ability to analyze and interpret relevant financial statements and information and possess the essential traits and characteristics to assist clients with the resolution of legal issues.

Forensic services at L&B are divided into two subsets:

Fraud Investigation and Forensic Accounting Services:

  • Fraud prevention
  • Fraud risk assessments
  • Fraud investigations
  • Internal control analysis
  • Income restructuring
  • Expense analysis
  • Trust accounting
  • Partner or shareholder accounting

Litigation Support Services:

  • Asset tracing and characterization
  • Family law
  • Income calculation
  • Lost profits and damages analysis

Lindsay & Brownell’s forensic accounting services team can assist in a wide range of scenarios including financial investigations, business and marital dissolutions, and beneficiary accountings. These services can involve fraud and theft investigation, analysis of financial records, and quantification of economic loss or damages. Leveraging our professional training in this arena can assist in the understandability and clarity of financial records and transactions.

For additional information, please feel free to contact Kristi Yanover, Audit Partner, or Chris Lopez, Audit Senior Manager, at (858) 558-9200, as we would be happy to assist you.

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