Accounting - Forensic (General) experts

Introduction

Experts in this field are specialists who have focused their studies on forensic investigation of accounting and finances. Forensics relates to the scientific processes used to investigate crime. In this case, it relates to the investigation of incriminating evidence found in financial accounts: examples include money laundering, evidence of financial exchange between two parties, or evidence of planning a financial crime such as fraud.

Forensic specialists are incredibly important to the investigative process of both law enforcement and private firms. They investigate a broad range of areas, including technical accounting and auditing issues, matters relating to an error or irregularity, fraud investigations, contractual and other disputes, customary operating procedures in practice, valuation, investor disputes, and regulatory representation. These investigations can often provide crucial evidence in cases. They are also useful experts in the corporate world, being used for regular inspection of the accounts to ensure compliance and identify any security issues therein. The processes by which they delve into this financial are constantly evolving and are highly specialised.

Experts in this area can come from many professional backgrounds. Many will have worked (and were trained) specifically as forensic accounting experts. Some will be experts in simply accounting or bookkeeping. They may also have worked in law enforcement and transitioned to a financial crime-based role. The specific specialisation and background needed in your forensic accounting expert will be determined by the matter which they are required for.

At the bottom of this profile are brief details of a number of the experts that Expert Experts represents. Call our office to discuss your requirements and to obtain a recommendation that suits your needs and budget.

Expertise in Action

Experts in forensic accounting can be called upon to assist in cases relating to fraud, money laundering, and contractual disputes, as well as many more.

Sample Reports

For some fields of expertise we have some sample sections of de-identified reports. Please contact our office if you are interested in a sample.

Cost

The overall cost of expert opinion depends on the services required. Some of the key factors that affect the cost of advice include:

• The need for a view or inspection of a location
• The quantity of documentary material to be reviewed
• Whether there are reports of other experts to be reviewed and commented on in detail
• Whether there is a need for conferences with the expert either in person or by telephone/Skype

Relevant Articles Basics of Forensic Accounting

A helpful overview of forensic accounting.

Forensic accounting and disputes

Listings of what an expert in this area might be used for.

Forensic Accounting

An article on some of the types of forensic accounting.

Relevant Cases THE BELL GROUP LTD (IN LIQ) -v- WESTPAC BANKING CORPORATION (No 9) [2008] WASC 239 (28 October 2008)

A case related to the failure of the Bell Group, in which huge amounts of forensic accounting work was undertaken.

Haritos v Commissioner of Taxation [2015] FCAFC 92 (30 June 2015)

A case involving a dispute over income tax.

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