abercrombie Why Use a Forensic Accountant

Forensic Accounting is not only a financial discipline, but one [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] that requires the ability to present extremely well. This is because they are often required to assist in legal disputes [url=http://www.mnfruit.com/doudounemoncler.php]moncler pas cher[/url] that result [url=http://www.mquin.com/gzparis.php]giuseppe zanotti[/url] in their opinions being sought during a trial. They are the only [url=http://www.mnfruit.com/louboutinpascher.php]louboutin pas cher[/url] party in a hearing or trial that is allowed to give opinion evidence - all others must speak facts.
Sometimes called expert accounting witnesses, a forensic accountant's work is usually split into two distinct parts. This is the financial investigation work preceding a trial [url=http://www.mquin.com/saclancel.php]lancel[/url] and the [url=http://www.mnfruit.com/louboutinpascher.php]louboutin[/url] actual hearing in court. The Forensic Accountant must therefore be a competent financial investigator.
Using both accountancy knowledge and investigative skills, they will drill down into the financial and business aspects [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] of any case that they are presented with. This could be in a number of different areas:
1. A matrimonial dispute where one party is accusing the other of hiding assets that should be available for splitting between the parties when getting a divorce. The Forensic Accountant might be asked to trace assets that a husband has concealed or value a family business so that both parties can take their proper share.
2. A personal injury could involve the Forensic Accountant calculating how much a [url=http://www.thehygienerevolution.com/barbourparis.php]barbour paris[/url] victim would have earned but for an accident - for the purposes of quantifying compensation payable by an insurance company.
3. A supplier might have defaulted on a contract and the claimant might ask the Forensic Accountant to calculate the resulting loss of profits.
4. A company might wish to sack an employee who has been defrauding their business - and need a forensic accountant to quantify and trace the losses.
5. In a criminal fraud trial the prosecution might want the Forensic Accountant to explain to the court how the fraudster was able to steal the money - or alternatively the fraudster might want to explain why the allegations are unfairly aimed at him!
For many people, the thought of pages and pages of bank statements and other financial information is very daunting. Sometimes a fraud will involve money moving between hundreds of bank accounts and many hundreds of thousands of transactions. It is the Forensic Accountant's job to distil this information to a simple form, such as a succinct table or a few lines of explanation within a report.
To simplify accounting information in this way it would [url=http://www.jordanpascherofficiele.com]air jordan[/url] be very easy for a Forensic Accountant to hoodwink the court, which is the reason why both sides will usually employ their own experts. However, the best [url=http://www.achbanker.com/hollister.php]hollister[/url] expert witnesses are fully accredited by a number of august bodies, have years of unblemished experience behind them and are usually recommended highly by respected parties.
To get the best out of such an expert it is a good idea to bring them in at the outset of any financial dispute. Sometimes it is possible to prevent one or both sides from barking up the wrong tree and expending substantial costs in doing so.
Once the matter reaches the [url=http://www.achbanker.com/hollister.php]hollister france[/url] formal jurisdiction of the court, the Forensic Accountant's other skills will be called into play. Very often an expert will be questioned in depth by the opposing counsel in order to uncover any weaknesses in the expert's opinion. Sometimes where this is not possible the barrister will seek to undermine the expert's credibility by [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] forceful questioning. Not only must the expert be able to respond in a way that assists the court to understand the complex issues, they must also withstand the barrage of sometimes unreasonable questions that are intended to weaken and even intimidate the expert.

Mark Jenner is a
forensic accountant
, a Fellow of the Institute of Chartered Accountants in England and Wales, a Certified Fraud Examiner and has a Masters Degree in Fraud Management. He advises companies on fraud risk and how best to protect themselves from fraud.
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