When it comes to legal cases in Pleasanton, Concord, Danville, Palo Alto, Santa Rosa, San Jose, CA, and the surrounding areas, how does the court know that a business is being honest about the figures that they are putting forth? What about following the rules and regulations set forth for an industry? These are but two examples where forensic accounting from Sugarman & Company LLP, can help to make sure that things are being reported honestly. Our forensic accountants are skilled in accounting, auditing, as well as investigations in examining the finances of individuals or businesses. The goal is to prove that either things are what they are claimed, or to ferret out the details of financial crimes. Cases of fraud and embezzlement often utilize forensic accountants in order to not only find proof of misconduct, but to recover those funds as well. Talk with our team today to add one or more of our forensic accountants to your project.
Principal Reasons to Use Forensic Accountants
Legal cases often will utilize forensic accountants, especially when it comes to professional testimony. Forensic accountants will need to understand what happened but also be able to explain that in layman’s terms to the jury and others in the courtroom. There may be insurance claims analysis that is done, asset tracing, regulatory compliance, and other needs that will quantify damages and more. It can take a fair amount of time to assess the findings for a successful outcome.
Financial transactions, with the help of technology, are becoming more sophisticated and complex. Being able to examine financial records to detect fraud, along with preventing it by implementing different controls that will produce red flags is also essential. Many times they are hired for compliance audits that help to show compliance with various regulations.
Handling Mergers and Acquisitions
While much of forensic accounting is centered around the negative with things like fraud investigation and litigation support, another important aspect where forensic accounting is very important is with mergers and acquisitions and valuations. When companies combine, before things are settled, forensic accounting of their books helps to ensure that what is being reported is verified. Sometimes this is for regulatory purposes, while at other times it is the business that is acquiring that wants to be sure it is not buying a problem business.
Keeping everything above board leads to trust by many in Pleasanton, Concord, Danville, Palo Alto, Santa Rosa, San Jose, CA, and the surrounding areas, but it is also a good policy to verify these claims to be sure that they are what is being said. Sugarman & Company have more than five decades of experience in forensic accounting, assisting with legal issues, providing expert testimony, uncovering fraud, and more. Contact us today to get started working with our forensic accountants.