Forensic accounting: What does a forensic accountant do?
You’ve most likely heard the term forensic accounting mentioned in conjunction with a legal proceeding or fraud investigation. Perhaps you, yourself, are involved in a bankruptcy, complicated divorce, or insurance claim that requires expert legal assistance, and have been advised to retain the services of a certified forensic accountant. You may be wondering, “What exactly does a forensic accountant do?”
The field of forensic accounting is a complex area of the practice in which highly qualified accounting professionals use a number of methods to make a detailed and accurate assessment of an individual or corporation’s entire financial history, as well as a determination of current net worth and income. The term forensic, meaning “suitable for use in a court of law” is an indication of the situations in which a forensic accountant is called for, notably business disputes, distributable settlements, spousal and child support cases, accounting fraud, insurance claims, breach of contract, and royalty audits.
Forensic accountants undergo extensive training to become certified in their field, and use their expertise in economic theories, common accounting practices, electronic discovery, data analysis and investigative procedures to perform their jobs. Often called upon to give expert testimony in a court of law, the nature of their business is complex and will affect the outcome of any legal dispute. For that reason, you should select your forensic accounting firm with the greatest of care.
We've been the "go to" forensic accountants for challenging cases
In the Greater Los Angeles area, Zivetz, Schwartz & Saltsman have been the forensic accounting firm of choice for over 40 years. Along with a caring and professional staff of CPAs and accountants, the principals of the firm, Lester J. Schwartz, Michael D. Saltsman, and Lynda Schauer together with associated professional Dave Dichner, have brought their expertise to bear in the most challenging of cases. With a combined excess of over 100 years in the field, they include amongst themselves, Certifications in Financial Forensics, Accreditations in Business Valuation, as well as being a Board Certified Diplomat of the American Board of Forensic Examiners. Each has been qualified as a respected expert, adhering to the rules of various courts under standards set by the AICPA and the California Board of Accountancy.
Call now, so you can rest easier
The professionals at Zivetz, Schwartz & Saltsman value the relationship they forge with each client. Their stellar reputation is based solely on the success of their clients, and they are committed to using their extensive knowledge and experience to help ensure the best possible outcome of each case. Don’t hesitate. Call them today, and rest assured that you are in the best of hands.