Tag Archives: Forensic Accountants
Going Into Business With Friends
As forensic accountants, we often see the results of poor partnerships, ones that aren’t planned properly and that end in tears and litigation. Many people will say “don’t go into business with friends, it will just end in tears” but partnerships have a four times greater chance of success than a sole proprietor. A sole [...]
Using the Internet for Litigation Research
We use Google and the internet as a valuable research tool in almost all our forensic accounting litigation matters. The information available enables us to check the stories of both the plaintiff and defendant against other sources of information.
Accounting – The Language of Business
All business owners, no matter what size their business, need to understand the language of business … accounting.
Accounting can be simply described as keeping track of money. But the real benefit of accounting comes from understanding the relationships between the profit & loss statements, the balance sheet and cashflows.
Silent Numbers
Forensic accounting is not as glamorous as it may sound, writes Arnold Shields, but a good practitioner can provide vital analysis in support of a case. Shields explains how forensic accountants can help, and what lawyers should look out for
Common Mistakes in Economic Loss Part 2 – Expenses not deducted
Any economic loss needs to take into account the relevant expenses incurred in earning that income.
Common Mistakes in Economic Loss 1 – Loss based on short period.
As forensic accountants, acting for either the plaintiff or defendant, we often see claims for economic loss in commercial litigation and personal injury based on a level of income that is only for a short period of time.