2 Ways Accountants Can Save Your Business Right Now

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2 Ways Accountants Can Save Your Business Right
Now
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• Forensic accounting can bring clarity and peace
  of mind to a variety of delicate situations.
• Maybe youre worried that you or your business
  have been the victim of fraud and you need an
  expert to examine your books and figure out what
  really happened.
• Perhaps you suspect that someone in your
  organization mishandled money and you need a
  professional to analyze your financial data to
  prove it.
• Or, you may be involved in litigation and need an
  expert financial witness to testify on your
  behalf.

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• Beyond these common situations, businesses
  require forensic accounting to explore potential
  acquisitions. This type of vetting ensures that
  potential buyers make wise investments without
  overpaying.
• Forensic Accounting
• Forensic accounting (or forensic auditing) is a
  specialized area of accounting that deals with
  actual and anticipated financial disputes. These
  conflicts include a broad spectrum of life
  circumstances, from business-related litigation
  to divorce.

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• Investigative Accounting
• Businesses and individuals need investigative
  accounting to prove fraud or misconduct.
• This can take many forms theft of inventory or
  other property by employees, misappropriation of
  funds by employees, kickbacks to employees from
  outside businesses, securities fraud, and
  insurance fraud.
• During investigative accounting, experts examine
  financial records and data in order to bring
  clarity to complex situations. Professional
  accountants organize the investigation, analyze
  the financials, and provide a report that
  documents all findings.

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• Our Experience
• We recently worked with a controller who was
  reviewing some financials of a construction
  company and noticed strange transactions from the
  CFO. After a review of the companys financials,
  our team discovered unapproved bonuses and
  personal expenses paid for with company money.
• We were able to document the embezzlement and
  work alongside the companys insurance to file a
  claim, recover the money, and provide expert
  witness testimony to build a legal case. Our
  report allowed the construction company to pursue
  the necessary legal action against the CFO.

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• In another instance, we worked with a couple
  sorting through a divorce and settlement.
• One spouse believe the other was hiding some
  assets and lying about the value of others. We
  were able to enter the situation as an uninvolved
  third party in order to review the finances and
  determine what was actually happening.
• Once again, our team helped uncover the truth for
  our client and provide expert testimony to build
  a legal case.

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• Forensic accounting investigations vary between
  industries, but common examples include
• Disputes among shareholders or partners.
• Personal injury claims/motor vehicle accidents.
• Insurance claims.
• Business and employee fraud investigations.
• Matrimonial disputes.
• Business economic losses including contract
  disputes, construction claims, expropriations,
  product liability claims, trademark and patent
  infringements, and losses stemming from breach of
  a non-compete agreement.

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• Litigation Support
• Another aspect of forensic accounting entails
  litigation support for current or pending cases.
  This can include any of the following services
• Assistance in obtaining necessary documentation
  to support or refute a claim.
• Examination of relevant documentation to make an
  assessment of the case.
• Review of the damages report by the opposing
  expert.
• Assistance with settlement discussion and
  negotiations.
• Attendance at trial proceedings to listen to
  opposing expert testimony and assist with
  cross-examination.

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• If any of these apply to you, consider hiring a
  forensic accountant.
• At Culpepper CPA, we work for the best interests
  of our clients, using our expertise to bring
  clarity and closure to challenging situations.
• Click here to share some basic information with
  us, and well follow up to schedule a personal
  consultation.

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• Culpepper CPA in Knoxville is a full-service tax,
  accounting business advisory firm based in
  Knoxville. We help our clients to make confident,
  tax-savvy decisions. Our accountants in knoxville
  TN began their careers in the fast-paced culture
  of global and national firms. We now believe in
  personalized advice and custom accounting
  solutions. If you are looking for knoxville cpa
  firms or bookkeeping services or payroll services
  or tax preparation services in Knoxville TN,
  contact us today.