Forensic accounting is necessary when engagements that result from actual or anticipated disputes or litigation require investigation in order to be used in legal proceedings. These engagements can range from disagreements relating to company acquisitions to breaches of contract. The term “forensic” simply means that the outcome can be used in court if necessary. Clifford, Ross, Raudenbush & Cooper, LLC provides forensic accounting services to businesses and individuals in the El Paso area.
Forensic accounting deals with two key areas. The first, litigation support, requires the forensic accountant to represent the factual presentation of economic issues relating to any existing or pending litigations. Simply put, your forensic accountant will quantify the damages sustained by the parties involved in legal disputes. Your accountant can also assist you in resolving disputes before they become more serious legal matters. The second area, investigation, requires the forensic accountant to determine whether any criminal matters have occured. These matters may include employee theft, identity theft, securities fraud, or insurance fraud. What differentiates forensic accounting from fraud examination is that the latter is usually necessary in order to control a situation before it becomes something more detrimental. Forensic accounting becomes necessary after fraud or theft occurs. Your forensic accountant will write reports, assist in depositions, and testify as an expert witness as well as conducting fraud investigations.
If you require forensic accounting services, Clifford, Ross, Raudenbush & Cooper, LLC can help. We have many years of shared experience and can provide the exact assistance you deserve. Contact our team today to learn more about what we have to offer.
Call Clifford, Ross, Raudenbush & Cooper, LLC Together we’ll discover how to save you
the most while planning a sound financial future.