Forensic Accounting
How is Divorce Different with a High Net Worth Couple?
While every divorce is different and comes with its own challenges, there are often many extra obstacles for couples with a high net worth. On top of an emotionally and financially taxing process, high net worth couples usually have higher stakes involved, with more to gain or lose. With more assets involved, divorce proceedings usually…
Read MoreAprès Divorce Financial Planning
Your divorce if over, the ink is dry on your settlement agreement or final judgement, as the case maybe. Now begins the picking up of the financial pieces. As a family, your financial status was fairly affluent. There was the large marital home, the vacation home, retirement accounts and savings/investment accounts. There is a successful…
Read MoreFraud Detection and Prevention for Small Businesses
Any business, no matter the size or scope, has a potential risk of fraud. In fact, according to the Association for Certified Fraud Examiners (ACFE), small businesses are actually the most vulnerable to fraud. According to a study published in 2002, the smallest business organizations, those with less than 100 employees, has the highest levels…
Read MoreThe Capacity for Fraud Amidst a Pandemic
In times of crisis and economic downturn, fraud tends to run rampant. Since COVID-19 began, the combination of health and financial threats laid the foundation for opportunistic fraudsters, those people who are looking to take advantage of a vulnerable market and a vulnerable population. From the global economy to individual lives, the pandemic has had…
Read MoreConclusion of Value vs. Calculation of Value
The common assumption is that a business valuation is just a business valuation. The reality, however, is that there are two distinctive categories that a valuation comes in: conclusion of value and calculation of value. When a business valuation expert is engaged to provide professional services, they are providing one of the two and, while…
Read MoreNew Forensic Accounting Landscape Amid a Pandemic
COVID-19 has presented challenges in every industry, in every country, throughout the world. As businesses and markets attempt to keep up with the inevitable and constant changes plaguing the globe, there are some clear winners and losers. Forensic accounting is one segment that is often benefitted during an economic downturn. With jobs scarce, markets disrupted,…
Read MoreFighting Elder Financial Exploitation
Elder abuse is a serious and widespread problem in the United States. In fact, about 1 in 10 people aged 60 and above have experienced some kind of elder abuse, according to reports from the National Council on Aging. Most people think about elder abuse in terms of physical abuse or neglect, however, there are…
Read MoreA Forensic Accountant and Your Shareholder Dispute
Shareholder disputes happen in all different forms. In the simplest terms, a shareholder dispute is when there is a disagreement among shareholders or between shareholders about how the corporation is being governed or about something else involving the company’s finances, operations, or other relevant handling. Having financial stake in an organization means that disputes of…
Read MoreVirtual Litigation in the COVID “New Normal”
From deposition to testimony to all aspects of litigation, the legal world and virtual world have finally collided. The COVID-19 pandemic has changed the landscape of a number of industries, and while the legal field has been slow to adopt new technology from a general standpoint, the “new normal” that we find ourselves in has…
Read MoreStrategies to Prevent Small Business Fraud
While business fraud is prevalent amongst companies of all sizes, larger organizations are less susceptible to fraud compared to small and mid-sized businesses. On top of that, small and mid-sized businesses have a much tougher time recovering from fraud compared to large organizations. In fact, the ACFE (Association of Certified Fraud Examiners) conducted a recent…
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