Do you run a business? No matter which industry you cater to, if you have a commercial business, you have to be prepared for certain disputes or litigation. In such a scenario, what can help you is forensic accounting. If anything can protect before the court of law, it is adhering to such services. That is you need to resort to a company like us, at BizValue Ltd. We can be your one-stop solution right from shareholder disputes, shareholder litigation, business appraisal, corporate dissolution to Fair Value standard, business valuation, and forensic accounting. If you are from areas such as Nassau County NY, New York City, New York County NY, Raleigh NC, and Suffolk County NY, then you can rely on us for your forensic accounting needs.
If you have no idea about this whole concept, then you are bound to have a few queries. Here, we have put together a few of them. Take a look.
1. What is Forensic Accounting?
Forensic Accounting or financial forensics is a specialized practice area which involves the engagements resulting out of real or anticipated litigations and disputes. Every big accounting firm along with medium-sized and boutique firms with government and police agencies, all have their own forensic accounting departments.
2. What is the responsibility of the forensic accountants?
The forensic auditors or accountants basically provide expert evidence at the gradual trial before the court of law. They also assist in professional negligence claims where they analyze and opinionate on other professionals’ work. They are also involved in the marital and family law where they evaluate the lifestyle of people for spousal support cases.
3. What are the different categories of the financial forensic engagements?
There are different categories in which financial forensic engagements can be divided such as tax fraud litigation, business valuation, post-acquisition disputes, economic damages calculations, money laundering, and so on.
For further queries and knowledge with respect to this, you can get in touch with us. Call us at (631) 754-3779 now.