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Forensic Accounting

Forensic Accounting is the application of financial skills and an investigative mentality to unresolved issues conducted within the context of contractual and legal framework. It involves the integration of accounting, auditing and investigative skills with an in depth understanding of the internal control environment and legal implications to conduct an examination into a company’s financial statements with a defined purpose. With rapid increase in financial frauds & white collar crimes, forensic accounting is assuming increasing significance. Forensic accounting assesses and helps quantify the impact of lost assets and earnings arising from breach of contract, business interruptions, breaches of partnership agreements, default damages, construction delays, partnership disputes, damage/destruction of assets, malpractice claims, employee theft and mis-appropriation, insurance disputes, loss of profits, loss of goodwill, disturbance damages etc. Some specific areas of forensic accounting services include:

• Detection of fraud committed by employees
• Settlement of outgoing partner/s
• Dispute settlement
• Settlement of insurance claims

Our Role:

We as forensic accounting professionals are trained to look beyond the numbers and deal with the business realities of the situations and the substance of transaction to analyze and interpret business related issues. We combine insight with professional integrity, to deliver value by communicating facts and implications with clarity and objectivity and thus convert complex information into critical knowledge to facilitate decision making.

Our Approach:

• Evaluating internal control system to ascertain impact on engagement
• Investigation and analyzing financial evidence
• Using computerized application including data interrogation software for analyzing & presenting evidence
• Communicating findings I the form of reports, exhibits & collection of documents and
• Providing litigation support and assistance in legal proceedings.

Our Deliverables:

Confidential review reports that state the outcome of the forensic accounting engagement, supported by findings & evidence.