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Forensic Accounting and Litigation Support

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
There are times in the corporate world when standard auditing methods will not be sufficient. Sometimes, it becomes necessary to look deeper at records and employ full investigatory talents. In such instances, a forensic accountant becomes necessary.

Forensic accounting integrates an individual’s standard accounting and auditing experience with investigatory skills to permit accountants to provide useful services in legal scenarios. A forensic accountant will typically provide investigatory accounting services with the ultimate goal of offering useful evidence in a litigation support context (i.e., suitable for presentation in court).

This article discusses forensic accounting and litigation support with looks at what they are; scenarios where they come into play; discovery proceedings; accounting data analysis; fraud; legal and contractual disputes; settlement discussions, financial evidence, and issues to consider when hiring a forensic accountant.

A forensic accountant ought to be hired from outside your business so that they can provide expert, objective analyses of your financial data. Los Angeles CEOs and CFOs may want to consider engaging an outsourced CFO services firm that has professionals with extensive experience in forensic accounting and litigation support.

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