A forensic accountant is an accountant with special skills in analyzing financial data that is the subject of a dispute or litigation. The forensic accountant is often called upon to report on their analysis in a written report or in oral testimony in a court of law. This transition is where the forensic accountant becomes [...]
Is there really such a thing as a forensic audit? We get asked by attorneys frequently if we can perform a forensic audit. The truth is, there is no official product or service that a CPA offers that is called a “Forensic Audit”. This is a term that has been bantered about in the legal [...]
In his article Steering Clear of Financial Landmines Andrew Hoffman lists out some important factors to be aware of when getting divorced. Being knowledgeable about the financial and tax ramifications of your/your spouse’s actions (or inactions) cannot be over emphasized. Like they say in football- “defense, defense, defense”. Take Taxes into Account Review Tax [...]
Hendrix Montecastro, Helen Pedrino Convicted in $142 Million Ponzi Scheme in Riverside The Associated Press reported the real estate investment scam to be approximately $142 million in fiscal scope. The defendants used seminars, internet ads, and word of mouth to lure people in Riverside County, California and Arizona to invest in a series of shell [...]
A Wall Street Journal Article points out that billions of dollars ... in cash ... is being air-freighted out of Kabul. Corruption is suggested. Pardon me? Billions in cash and corruption is suspected? They can't track the money? I suggest that the government hires a squad of forensic CPA's to uncover the fraudsters. We'll work [...]
