FORENSIC SERVICES

FORENSIC ACCOUNTING

The word "forensic" is defined by Black's Law Dictionary as "used in or suitable to the courts of law or public debate". Therefore, "forensic accounting" is actually litigation support involving accounting.

Forensic accounting is the use of professional accounting skills in matters involving civil litigation or criminal prosecution. The accounting skills and knowledge needed include:

  • Generally Accepted Accounting Principals (GAAP)
  • Generally Accepted Auditing Standards (GAAS)
  • The determination of lost profits, income, assets, or damages
  • The evaluation of internal controls
  • The investigation of fraud
  • Any other matter involving accounting expertise in the legal system.
Michael McEwen MBA, CPA, CFF forensic fraud detective

Mr. McEwen has investigated hundreds of cases involving embezzlements, electronic discovery, E-fraud, money laundering, internal fraud, identity thefts, probate fraud, thefts from individuals, and thefts from businesses.

WHAT IS A FORENSIC AUDIT?

A financial audit or examination of financial statements is for the purpose of expressing an opinion on the financial statements as described by the American Institute of Certified Public Accountants.

A forensic audit is an examination of a company's financial records to derive evidence which can be used in a court of law or legal proceeding.