What is Forensic Accounting
The word “forensic” simply means, “of, relating to, or used in courts of law or public debate or argument.” Forensic accounting is the specialty practice area of accounting that describes engagements which result from real or anticipated litigation and encompasses both litigation support and investigative accounting.
To provide value, forensic accounting services must be suitable for legal review and based on a scientific foundation that offers the highest level of credibility. If your company faces potential bankruptcy, is pulled into litigation involving your financial records or requires fraud investigative work, ask for a consultation with Katz&Co’s forensic accounting experts, who advise companies across the country throughout the complex process involved.
Forensic accounting has taken many forms. It could involve reconstructing records which were accidentally or intentionally destroyed; investigating accounting records including tracing transactions to supporting source documents; requesting known financial documents; coordinating requests for replacement documentation, and analyzing financial results and balances for completeness and reasonableness.
Forensic Accounting Experience
Our forensic accounting skills have been used within many different areas, including:
- Civil litigation matters
- Partner disputes
- Breach of contracts
- Tenant disputes
- Corporate investigations
- Marriage dissolution
- Probate matters
- Due diligence engagements
- Fraud investigations
- Analysis of income tax returns in matters covered by litigation
- Forensic accounting work performed for creditors committees in bankruptcy proceedings
Forensic Accounting Services
Katz&Co will apply its four decades of professional experience to identify, quantify and document financial information that is often incomplete, deliberately altered and often unorganized into clear and admissible facts the reveal true valuations, fraud, and omissions.
We work with individuals businesses and law firms in providing expert services in extracting fact from a background of often hidden data.