Forensic Accounting for Litigation Support

Forensic accounting is a specialty in the field that requires extensive knowledge, not just of accounting and finance, but of legal concepts. This expertise is crucial when you or your business is under investigation or in litigation.

At Terranova, our CPAs have been supporting our clients through litigation since 1989. Because our number one goal as a company is to create complete customer satisfaction, we build relationships based on trust and respect with each of our clients during these times.

A company or individual under litigation is under a great deal of stress. We know that, and we work hard to alleviate your stress. Let the experts take a load off your shoulders and support you during this anxious time.

When Is Litigation Support Necessary?

You may need litigation support services in the event you're facing a situation involving embezzlement, divorce, or financial fraud This can affect all aspects of your life, jeopardizing both personal and business assets, and might also involve your partner(s), other shareholders, or investors, so it is important to get help from an expert right away when such a situation arises.

How Does Terranova & Associates, LLC Help?

Our CPAs are well equipped to deal with any forensic accounting required for litigation support. But what is forensic accounting?

Forensic accounting is the combination of accounting, auditing, and investigating. Skills in each of these disciplines, as well as the aforementioned understanding of legal matters, is necessary in a forensic accountant. Forensic accounting gets its name because the goal is to provide an analysis that is suitable to be used in court. The results of forensic accounting are used to come to a resolution in situations like the ones mentioned above.

When you hire a forensic accountant, you are essentially hiring someone to verify the accuracy of your financial statements and records. That includes a wide range of tasks, including:

  • Obtaining third party documentation
  • Verifying accuracy of recorded transactions
  • Reconstructing financial books and records
  • Analyzing these books and records
  • Presenting analysis clearly in court
  • Looking at more than the numbers

Once the records, books, and transactions have all been organized, analyzed, and verified, the CPA in charge of your case will compile a report stating his or her findings. This report can include examples and documents that emphasize the findings of the investigation. This report is then used in legal proceedings.

Our professional training in forensic accounting qualifies us as the CPA firm to handle litigation support and forensic accounting. When you are in a situation in which you need assistance, contact us, and let one of our understanding and qualified CPAs handle your case.