Imagine Sherlock Holmes as an accountant – someone who is good with numbers and can find inconsistencies where most people cannot. That’s exactly how we see our forensic accounting experts. Fraud, misuse of funds and theft can be especially difficult to find, because it can occur over long periods of time and is usually buried deep in myriad financial statements. It takes intense training and a very specialized skill set to find that needle in the financial haystack, and that’s exactly what we do.
In addition to being certified public accountants, our forensic accounting professionals are credentialed as Certified Fraud Examiners (CFE) and Certified in Financial Forensics (CFF), demonstrating a specialization and focus on forensic accounting and fraud investigations.
Why would you need forensic accounting?
There are many reasons to hire an experienced forensic accounting firm. For more than 50 years, Fiske has helped many businesses, organization and high-net-worth individuals. Most times, forensic accounting is required when theft or wrongdoing is suspected, but there are other reasons to get an accurate look at your finances.
Shareholder or Partner Dispute
When disputes arise among owners, Fiske & Company’s team assists businesses large and small in resolving these matters. If there is concern about financial distributions, personal use of company funds and assets, our professionals can help find the loopholes. Often there is a shareholder divorce or split up. Our forensic accountants can assist in the financial allocations to each partner according to the shareholder agreement.
Commercial damages include fraud, breach of contract, lost profits, construction claims, intellectual property infringement and product liability. When faced with unjust commercial losses, a forensic accountant provides expert testimony.
Your forensic accountant will investigate the situation, identify the total sum of damages, aid in suspect interviews, trace the funds and other necessary measures.
Commercial Insurance Issues
Forensic accountants are hired to examine coverage issues and calculate total losses. Business interruption calculation services are sought out by business owners when the need arises.
Selling a Business or Business Shares
Selling a business can be a daunting task on its own, but even more so when it is coupled with a litigation matter such as a personal divorce or business partnership break up. Utilizing an expert accounting firm that specializes in business valuations can accurately determine company value.
Organizations often fear tax audits, simply due to disorganization. Forensic accountants are a critical tool in helping businesses prepare for a tax audit. Your accountant will ensure records are organized and in order, allowing for a smooth, successful audit.