In our society in Seattle, WA, and the surrounding areas, the temptation to take something that isn’t ours can be powerful. When it comes to money, many are tempted to use it in ways that should not be done. This is when forensic accounting experts from Sugarman & Company LLP can help track down the issues and work with law enforcement to bring the perpetrators to justice. While forensic accounting will be looking through financial documents to follow the money and illustrate how it was used, it also can include being a witness in a fraud or embezzlement case to explain to the court how things were done. There are a variety of situations where forensic accounting is used to help build a case, or to even verify that the financial situation one organization claims is true. Reach out to our team today to learn more about the uses of forensic accounting.
Common Situations for Forensic Accounting
Many times, it is a tiny issue that can start to unravel an employee theft issue or fraud of some kind. When these minor discrepancies are found, forensic accounting will help to bring the rest of the situation to light. And just because people are in positions of authority in an organization doesn’t mean that they aren’t capable of fraudulent activities. It may also be something that tips you off that an outside agency you contract with isn’t doing things right.
Because our forensic accountants utilize investigative skills along with their financial acumen, we look beyond just the straightforward numbers and start to question the why along with the what. Our team are highly trained CPAs that have worked with law enforcement, court systems, private investigators, as well as government agencies to uncover fraud or embezzlements.
Help To Prepare for Audits
While many times forensic accounting is used as a means to explain and document financial indiscretions, it can also be a useful tool for organizations that will be undergoing tax audits. An organization’s books might be in rough shape, but they haven’t done anything wrong. Our financial accountants can help to clean up the books and organize all of the records so that when the audit happens, things look proper and are easy to explain and document.
Whether you have a partner you suspect isn’t doing what they are supposed to in Seattle, WA, and the surrounding areas, or you want to have some guidance with financial risk management, our team at Sugarman & Company LLP can provide you with the expertise needed with our forensic accounting services. Talk with our team today to learn how we go about finding and documenting the financial records.