38; The Role of the Accounting Expert Witness
Business Law & The Role of the Accounting Expert Witness
When business or family ventures are on the line, and you’re looking to build the best possible litigation front, working with industry experts to secure evidence and witnesses to your case is as important as possible. Sought out for their advanced understanding of the financial issues that can be involved with litigation, forensic accounting teams provide forensic accounting services to assist clients and attorneys with complex financial transactions, missing or incomplete data or fraudulent activity involved in a case.
As industry leaders in business valuations, forensic accounting, cash flow analysis, family law, business and economic damages, goodwill valuations, construction damage consultation, eminent domain and more, a forensic accounting firm can be a great partner to have in helping to win your cause. Well versed in how businesses should properly operate, as well as an in-depth understanding of the mechanics behind fraudulent operations and red flags, the best firms are able to look behind the numbers and sift through cover ups. Backgrounds in accounting and business management, financial planning and auditing arm forensic accountants with the tools needed to undercover activity below the surface of a business and qualify them as an accounting expert witness in the courtroom.
Forensic accounting firms find themselves called upon for a number of reasons, with potential clients hoping to leverage this undeniably valuable skill set in favor of cases big and small. Aside from serving as the research and investigator of the financial issues in a given case, attorneys also depend on these firms during trial to act as an accounting expert witness. A forensic attorney can perform alter ego analysis and testimony to a case, assist the attorneys with discovery requests to obtain critical documents, interview key personnel related to the case, analyze and interpret financial records, investigation hidden assets or income, reconstruct financial information from incomplete records, prepare reports and exhibits for trial or settlement negotiations, develop questions for the deposition of key witnesses, and provide expert witness testimony at trial or deposition.
Top firms will house a number of forensic accountants who can act as an accounting expert witnessto validate findings and offer reputable support and impressive credentials behind a case. The best of these firms will offer professionals with countless years of combined experience, across an extensive range of areas and state laws. To best serve a variety of interests, they should be qualified in a number of state and federal courts, and familiar with the differences of each. The accounting expert witness can be what your team needs to solidify a win in the courtroom, and ensure justice really does prevail once all the facts are uncovered.
Jacob P Walker is an expert forensic accountant and divorce accountant . He has written several write ups which has proved beneficial for the new entrants of the industry.