Knowing where the money is and where it has gone is important for any business. The success of your enterprise depends on it. It’s worthwhile to take the time to ask for forensic accounting.
What Accountants in Forensics Do
Use it when you suspect something is wrong with the books or when you just to make sure that everything is in good order. The certified public accountants practicing in this field are skilled in investigating, collecting, analyzing and evaluating financial information.
The data that they pour over and then present in analyzed form is precise and detailed. It can be admitted as evidence in court, if necessary. Forensic accounting in Atlanta GA has many applications.
Applying the Special Skills of Accountants
Perhaps it can determine that your bookkeeper has been stealing funds. For a divorce case, forensic accountants can review the assets of a business owner to estimate future earnings to help decide the award one side will demand or accept. These CPAs may also work with attorneys to determine damages in criminal cases.
Their work has a wide scope and a long history. In 1931, Al Capone was convicted of income tax evasion. He spent the rest of his life in prison. Frank Wilson and a team of experts at the U.S. Treasury Department used their forensic know-how. The group thoroughly reviewed the noted criminal financial records.
When you need forensic accounting, contact Fricke & Associates, LLC.
