Most of the time there are only small issues with a company’s books in Santa Rosa, San Jose, Santa Clara, San Francisco, Walnut Creek, Fresno, CA, and the surrounding areas, and it isn’t cause for concern as they will correct the issue. However, there are other times when shifty accounting is noticed, and it demands a forensic accountant. Forensic accounting services from Sugarman & Company LLP will help you get to the bottom of things with an independent third party. But even if there aren’t any negative aspects to the accounting practices of an organization, sometimes it is worthwhile to have professional forensic accounting done to point out errors and otherwise showcase that you are handling your finances in the most appropriate manner. Contact us today to learn more about how we conduct our forensic accounting.
Forensic Accounting Goes Beyond Businesses
Many times, when forensic accounting as a subject is brought up, businesses doing bad things is what is talked about the most. However, there are many other situations in which forensic accounting experts can be helpful. For example, in contentious divorce settlements, one party may obtain a forensic accounting of the other spouse’s finances to prove that they can or cannot meet a particular request or demand.
Insolvency of organizations can also trigger the need for forensic accounting to help prove where the status of all finances all went so that fraud isn’t on the table. Even risk management and compliance can benefit from forensic accounting to assure stakeholders that finances are being managed well, while also pointing out other shortcomings that could affect financial stability.
Being Proactive by Hiring Forensic Accounting
It doesn’t need to be an external force or entity that is driving the need for forensic accounting, it might be recognized internally for a number of reasons. An organization suspects that theft may be occurring, and forensic accounting can help uncover it. If you are planning to sell your business, many times, forensic accounting will provide the satisfaction the buyer is looking for that all numbers being reported are appropriate and no deception is happening with the viability of the business.
Forensic accounting is an option to have an independent third party verify certain questions or uncover issues in Santa Rosa, San Jose, Santa Clara, San Francisco, Walnut Creek, Fresno, CA, and the surrounding areas. Working with experienced forensic accountants is also important, and our team at Sugarman & Company LLP has decades of experience with all different sizes of organizations. Contact us today to learn more about our forensic accounting services.