Forensic Accounting and Forensic Investigative Accounting Services

Forensic accounting investigation is the process of deciding whether criminal matters such as internal employee theft, securities fraud (including falsification of financial statements), identity theft, and insurance fraud have occurred. As part of the forensic accountant’s work, they may recommend actions that can be taken to minimize future risk of loss. Forensic accounting investigation may also occur in civil matters. For example, the forensic accountant may search for hidden assets in divorce cases.

Forensic accounting involves looking beyond the numbers and grasping the substance of situations. It’s more than accounting…more than detective work…it’s a combination. In short, forensic accounting requires the most important quality a person can possess: the ability to think.

I began my accounting career with Price Waterhouse Coopers as a forensic accountant reviewing and investigating financial statements of some of the world’s largest corporations. As a forensic accountant, I have over 27 years of experience, and I know that my expertise can definitely assist you with your investigative research in your personal or corporate accounting needs.

Call us today at 713-661-1040 and let me put our forensic accounting experience to work for you. Don’t open yourself up for unnecessary liabilities and reduce internal asset theft, give us a call today!

Who uses forensic accountants?

Forensic accounting financial investigative specialists work with accounting data for use in defining complicated issues of financial statements, financial liabilities, and establishing value of assets.

Many forensic accountants and forensic accounting specialists work in private industry such as banks and insurance companies, or governmental agencies such as sheriff and police departments, the Federal Bureau of Investigation (FBI), and the Internal Revenue Service (IRS).

Forensic accountant usually look for the following:
- Internal employee theft of assets
- Embezzlement of company funds or assets
- Identity theft
- Employee conversion of corporate assets for personal use
- Unauthorized commission programs or kickback scheme for employees from vendors/clients

The forensic accountant pairs their strong observation skills of the suspected employees and physical examination of assets, document research, and personal interviews of those involved. Experience in these areas enable the forensic accountant to offer alternatives to internal processes for companies to make to reduce the opportunity of theft and fraud.

Forensic accountants can be hired by attorneys to investigate the financial paper trail of those suspected of engaging in criminal activity. Well documented research by a forensic accountant many times is the most air tight method of obtaining convictions. The forensic accountant may also be hired by a bankruptcy court when financial data is questionable, or if employees are suspected of stealing corporate assets.

Forensic accounting specialists are also found in private companies. CEOs must now assure that financial data represents accurately the financial position and the effectiveness of the operation of their companies. Forensic accountants may also be asked to calculate the amount of the loss sustained by victims, serve in court as an expert witness, and prepare and present visual aids and written evaluations for use in court.

As a qualified forensic accountant specialist, I have served in all capacities of forensic accounting. I have been hired as an expert witness due to my extensive experience in providing accurate and detailed research on financial statements, valuation of assets, and calculating damages.

Call us today at 713-661-1040 and let me put our forensic accounting experience to work for you. Don’t open yourself up for unnecessary liabilities and reduce internal asset theft, give us a call today!

About the author:

Jim Trippon, Houston tax CPA, a name growing popular among millionaires who seek financial advice in their IRS problems in Houston and in their search for professional Houston tax representation.