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FORENSIC ACCOUNTING Forensic accounting is the process of recreating accounting records and financial statements. This service is needed when accounting records no longer exist because they were destroyed, contained substantial errors or were never prepared. Forensic accounting is useful for civil litigation,tax litigation and IRS audits.
We work closely with the client to establish the accounting information needed, identify existing information and source documents available, and determine the best approach to recreating records and financial statements.
Uses of Forensic Accounting
- Civil litigation
- Tax litigation
- IRS audits
What is Forensic Accouting? – Forensic accounting is the process of recreating accounting records and financial statements. The process can include a complete recreation from source documents, partial recreation, or modification of existing records. The process produces as set of accounting records or reports which the client relies on for litigation or settlement negotiations. |