Financial Forensics & Investigations Group

Expert Financial Forensics Firm

Contact Us:

(918) 251-2375
109 E. Freeport St.
Broken Arrow, OK 74012
[email protected]

When Do you​​ Need a Financial Expert?

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A Financial Forensics expert can assist a lawyer by providing services on many issues which are common and readily come to mind:

  • Business Valuations – Utilizing historical financial records and proprietary databases to form an opinion of the value of a business for marital dissolution, partnership disputes, or a variety of other types of cases
  • Marital Dissolution – In addition to business valuations, opinions on the breakdown of personal vs. enterprise goodwill of the business, money tracing, the evaluation of expenditures, and the valuation of other assets and debts
  • Valuation of damages in civil litigation – Opinions on a variety of economic damages related to tort or breach of contract claims including lost profits, quantifying a business interruption loss, providing values for shareholder or partnership disputes, calculation of damages related to failure to perform on a contract or the net loss when having to obtain substitute performance
  • Personal Injury cases – Opinions of the value of actual damages, lost wages including fringe benefits, or calculating the net present value of a life care plan
  • Wrongful death – Calculating a value using data such as actuarial tables for work life expectancy, life expectancy, personal income, personal consumption, and value of household services to survivors
  • Wrongful termination cases – Calculating the lost wages and benefits to the terminated employee
  • Fraud Investigations – Coming into companies where fraud is suspected, conducting a quantitative data review and interviews of personnel to determine the scope of fraudulent activities, amount of loss, and detailing the methods utilized to perpetrate the fraud, preserving evidence in a manner to be presented to law enforcement if requested; a fraud investigation is significantly different that an audit and takes a different skill set
  • Bankruptcy cases – Opinions regarding the feasibility of reorganization plans, solvency issues, identifying fraudulent transfers, administration of and accounting for the reorganization plan or liquidation

If you’re looking for a financial expert, give us a call at 918-814-2309 or
e-mail [email protected].

What is Financial Forensics?

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The term Financial Forensics is a relatively new term used to describe expert witnesses that possess a much broader set of skills and capabilities than have traditionally been associated with Forensic Accounting.  Black’s Law Dictionary defines Forensic Accounting as the “application of accountancy principles to monetary issues that arise in courts, as in the apportionment of funds and of financial responsibilities upon a divorce or dissolution of a partnership.” (10thed. 2014).  

According to Black’s, this definition first appeared in 1946 and the scope of services for the financial expert has expanded significantly since that time. Black’s also defines an expert witness by summarizing the Rule 702 of the Federal Rules of Evidence as someone “qualified by knowledge, skill, experience, training, or education to provide a scientific, technical, or other specialized opinion about the evidence or a fact issue.”

Financial Forensics has evolved into a science itself, along with other evidence-based sciences, such as toxicology or ballistics.  This science is based upon data, quantitative data including large data sets from corporate records, from databases of companies or assets that have sold, from actuarial tables, from stock and bond market data, and a variety of other sources. It also includes qualitative data that may be gathered from case law or statutory research, depositions, from conducting interviews of the owners, managers, and employees of a company, or from discussions with the family of a victim. 

A qualified Financial Forensics expert needs the skills of a private investigator to be able to properly investigate people, companies, industries, and money. The traditional CPA, whose background involves spend the majority of their career preparing tax returns or performing financial statement audits background is not well suited to perform these services without a great deal of additional training and experience.

Understanding the capabilities and of a well-qualified financial forensic expert can provide advantages in helping your clients solve their problems successfully, whether it involves litigation, internal corporate issues, or determining appropriate damages to pay or receive to avoid litigation.

If you think you might need a Financial Forensics expert, please call us at 918-814-2309.