When is it Time to Call a Forensic Accountant?

Article Excerpt:
Timing is everything, as they say. Determining when it’s time to seek the services of a forensic accountant can make all the difference when you’re involved in a business or personal dispute.

When financial document inconsistencies are discovered or there is a suspicion that assets have been hidden, an investigation is necessary to determine if there are damages and, if so, recover the losses.  When this happens, the first thought is often to contact the CPA who prepares the company’s financial statements or tax returns. However, forensic, financial and tax accountants are each distinct disciplines requiring specialized skills. In situations where deception and theft are at issue, the appropriate choice is a forensic accountant.