The assistance of a forensic accountant may be vital in the investigation any potential fraud, professional negligence, or misconduct involving your organisation as these circumstances can severely damage your business. Whether you suspect fraud within your organisation or you are seeking a team of experts to value the business or your assets, a forensic accountant will be able to help you.
How Can a Forensic Accountant Help You?
You may feel that you have been the victim of misconduct if an employee has stolen property or inventory, funds have been misappropriated by employees, or you have been the victim of insurance or securities fraud.
With the help of the forensic accountant and their excellent skill and expertise, they will be able to help you review your situation whilst offering you information on the best course of action to take. They will also be able to assist you with the recovery of your assets and any civil action or criminal prosecution that you may like to proceed with as a result of their findings. If you have hired any other experts, such as private investigators, consulting engineers, or forensic document examiners, then a forensic accountant can coordinate with these experts to ensure that you have the best chance of being successful in your investigations.
Do You Need to Analyse Financial Data to Uncover Any Potential Misconduct?
In certain circumstances, it may be necessary for you to explore whether potential misconduct has taken place within your organisation, and in order to do this, it is important to seek the help of a forensic accountant. With their help and a team of any other experienced professionals you may require, you will be able to investigate all of your financial activities to ensure that your employees have not taken advantage of their position within the company and embezzled funds or property. You can seek the help of a forensic accountant at any point in your investigation; however, it is best if you do this early on as it may save you time and money and ensure that you have the best chance of achieving a successful result.
Do You Need an Expert Witness to Testify on Your Behalf?
If you do find that you need to undertake court proceedings or require the assistance of an expert witness who will be able to testify on your behalf, then a forensic accountant will be able to help you do this. They can assist in any court proceedings by obtaining the necessary documentation to refute or support a claim and examine the documentation to form a true assessment of the situation. If necessary, they are also able to review any information given by the opposing expert that may assist with your case and provide assistance with any cross-examinations that are deemed necessary. If you are currently in settlement discussions or negotiations, the financial accountant can help you with this and ensure that you come to the correct decision.
So whether you are seeking the help of a team of experienced forensic accountants in London or further afield, it is important for you to ensure that you’re working with a team which will be able to provide you with the best outcome possible. Companies such as www.frenkels.com will be able to provide you with such assistance, so do not hesitate to start looking for a forensic accountant today to help you with your investigations.