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Forensic Accounting Services

Forensic Accounting

Any accounting that may be litigated can be classified as “forensic accounting.” So, whether you need to account for an estate, or you hire a CPA who may testify concerning a partnership dispute, a matrimonial issue, a fraud investigation, or how an elder was exploited, these fit the definition of “forensic accounting,” since the CPA may testify in court.

The forensic accountant can be hired as either a consulting expert or a testifying expert.  A consulting expert is usually covered by the attorney’s work product doctrine and any work done is not subject to discovery.  The advantage of hiring a consultant is that the consultant will work as an advocate for the client and is available to assist with strategy.  As a testifying expert, the forensic accountant is hired to provide an independent opinion with regard to damages.

Fraud Investigation & Employee Embezzlement

Embezzlement is defined as the taking (e.g., of money) for one’s own use in violation of a trust and by fraudulent means.

Initial assessments or examinations of a company’s records may reveal that accounting irregularities may have been due to intentional, fraudulent actions taken by one or more employees. Such a case can move into a fraud examination or employee embezzlement investigation.

Forensic Accounting for Divorce

In divorces and meretricious relationship disputes, there are many needs for forensic work to decipher financial information and research the possibility of hidden assets. U.S. Valuations has been very successful in discovering hidden assets in divorce engagements.

Forensic accounting often includes child support computations or subsequent modifications. Businesses owned or acquired during the marriage require valuation and the marital estate needs to be quantified.  As Certifed Business Appraisers, we value whole businesses, business interests, stock options and warrants to buy or sell parts of businesses.  Frequently, for divorce purposes, we are engaged to determine the enhanced earnings capacity attributable to a professional license or educational degree.

Bank Account Searches

U.S. Valuations performs bank account searches and investment searches anywhere in the World, including the USA. Bank account searches can be used to collect on judgements, verify net worth of individuals and companies, or many other purposes. U.S. Valuations can search by State or Country for:

  • Bank Accounts
  • Checking
  • Savings
  • Investments
  • Stocks
  • Bonds
  • Commodities
  • Mutual Funds
  • Safe Deposit box
  • Real Estate
  • And many more.

Offshore account searches are also available.

Partnership/Shareholder Disputes

If joint business ventures or corporate affairs meet an impasse between members, a forensic accountant is often necessary to sort out the details of their business. U.S. Valuations is frequently called on to provide an independent analysis to document what the accounting records support in resolving who contributed what, how the money generated by the business venture was accounted for, and what, if anything, was inconsistent with each partner’s rendition that caused friction between or among the partners or shareholders.

Expert Witness

Litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our professional staff has served as an expert witness in such cases. Our knowledge enables us to provide detailed, efficient, and effective expert testimony regarding all accounting and financial transactions. In addition our firm provides consultation and case evaluation that can be invaluable at all stages of a case.  U.S. Valuations will provide unbiased answers about the merits of a case, often saving attorneys, their clients, and the courts time and money.