The term Financial Forensics is a relatively new term used to describe expert witnesses that possess a much broader set of skills and capabilities
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.
Financial Forensics has evolved into
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.