Forensic accounting is application of accounting
principles and methods in crime solving and in litigation. Examples are fraud
investigation and various calculations used in family and civil litigation (division
of property, calculation of support, damages, lost profits, business
FORENSIC ACCOUNTANTS SUPPORT BETTER OUTCOMES IN DIVORCE PROCEEDINGS
Divorce litigation is an emotional adversarial process where each side must be able to advance convincing arguments in support of their positions. When it comes to financial issues, the argument can be very technical and require an expert’s involvement for the parties, their attorneys, and the court to understand available solutions for the couple’s financial issues.
The best forensic accountants provide well substantiated analysis on financial matters. They must be able to explain their analysis to attorneys and clients and defend their conclusions in discussions with opposing experts, in settlement negotiations or under cross-examination at trial. The forensic accountant should be engaged early to help build a defensible case strategy and evaluate available options for settlement negotiations.