Forensic Accounting 

Forensic Accounting has existed for many years. With the growing complexity of the business and corporate environment and the rising number of business related investigations, highly skilled Forensic Accountants are increasingly asked to assist in the investigation of financial and business related issues.

As Forensic Accountants, we utilise a range of accounting methods including accounting, auditing and investigative skills. As no two cases are ever the same, we offer a practical approach to achieve desired outcomes. Equally important is our response time and ability to react immediately whilst communicating financial information clearly and succinctly.

We are trained to look beyond the numbers – dealing with the reality of the situation at hand and encompassing both investigative accounting and litigation support. Matters such as employee theft, securities fraud (including falsification of financial statements), identity theft, the breakdown of business or marital relationships, and insurance fraud may have occurred, all of which need a forensic accountant’s services.

Forensic accounting could include any of the following:

• Specialist Expertise
• Accounting and Taxation Investigations
• Business Valuations
• Family Law Disputes
• Minority Shareholder and Director and Shareholder Disputes and Issues
• Due Diligence
• Economic Loss and Damages
• Solvency Assessments
• Fraud and Money Laundering
• Compilation Analysis
• Expert Testimony

Contact us for more information.

The specialist skills needed for Forensic Accounting require expert knowledge, as all investigations have the potential to end up in a court of law.  

Back to top

Forensic investigations often relate to criminal exploration on behalf of the Australian Police. This could occur in any state and could relate to both accounting and taxation investigation.

A Forensic Accountant's report is arranged with the object of presenting evidence in a professional and concise manner.

Back to top

Investigating fraudulent valuations is the act of determining whether criminal activity has occurred. As part of the forensic accountant’s work, he or she may recommend a series of actions to be undertaken.

Back to top

Investigations may also occur in civil matters. For example, the forensic accountant may search for hidden assets in divorce cases. We can help with any civil dispute that may need investigating.

Back to top

These assignments and investigations often entail a detailed analysis of numerous business accounting records to quantify the issues in dispute. For example, a common topic that arises is the reimbursement and benefits received by each of the disputing shareholders or partners.

Investigations can involve funds tracing, asset identification and recovery.

Fraud investigations frequently entail measures that determine the existence and nature of fraud and may concern the identification of an individual.

Back to top

Business investigations can involve asset identification, funds tracing and recovery. It can also include forensic intelligence gathering and due diligence reviews.

Back to top

Claims for economic loss are often complicated and require skilled investigation. We provide expert advice for any claim that relates to economic loss and damages.

Back to top

Solvency refers to the availability of cash over the longer term.

Sometimes your situation is impacted upon by another company’s financial problem. We are here to provide expert advice.

We act as professional advisers. Our expertise varies from investigating matters at the request of a creditor, to providing strategic business guidance and then on to clients experiencing financial complications or those who are being pursued by creditors.

Each situation presents its own opportunities and challenges, but solvency assessment must be risk-adequate.

Back to top

Sadly, fraud plays an all too familiar role in today’s modern business environment.

Money laundering is a costly problem in Australia, with The Australian Federal Police estimating that crimes, such as money laundering, cost between $1 billion and $4 billion in Australia, and as much as $2 trillion worldwide.

Money launderers are becoming more creative in their methods and often target specific businesses such as insurers, fund managers and real estate agents.

For more information on our fraud and money laundering accounting services, please contact us.

Back to top

We are able to compile, analyze and identify money laundering which can be related to serious crime (including major tax evasion).

For more information on our Compilation Analysis services, please contact us.

Back to top

A forensic accountant may take on fraud auditing engagements but will also use other accounting, consulting, and legal skills in broader activities. In addition to accounting skills, we possess a working knowledge of the legal system and excellent communication skills to carry out expert testimony in the courtroom, all of which can include litigation support.

Back to top