Range of services available
Forensic accountants can provide a range of different services, including:
- investigating frauds and other financial irregularities
- undertaking reviews of alleged financial misreporting
- assisting with issues around regulatory breaches or financial misconduct
- providing expert witness testimony in civil or criminal courts, or in alternative dispute resolution processes such as arbitration
- assisting with mediations and settlement discussions in disputes
- providing opinions and assessments as to loss under breaches of contract or other disputes
- considering the financial implications in cases concerning professional negligence
- undertaking valuations in contentious situations, such as unfair prejudice claims, shareholder disputes, breach of warranty matters or lost opportunity claims
- providing expert determinations in post M&A disputes and completion accounts
Why the term ‘forensic’ applies
The word “forensic” means “of or relating to the court”, and this is a common theme in the work forensic accountants undertake – usually there is an investigative, regulatory or dispute related aspect.
