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Litigation Support and Forensic Accounting

Financial fraud can be highly complex or quite simple. Fraudsters take measures to conceal the truth behind the transactions, while others simply use techniques that are quite obvious.

Forensic Accounting encompasses two areas:

Litigation Support

Litigation represents the factual presentation of economic issues related to existing or pending litigation. In this capacity, the forensic accountant quantifies damages sustained by parties involved in legal disputes and can assist in resolving disputes before they reach the courtroom.

If a dispute reaches the courtroom, the forensic accountant may testify as an expert witness. Knowledge of the courtroom sets the forensic accountant apart from a typical accountant.

Investigation

Investigation is the act of determining whether criminal matters such as employee theft, securities fraud (including falsification of financial statements), identity theft, or insurance fraud have occurred. Investigation may also occur in civil matters. A forensic accountant may be hired to search for hidden assets in a divorce case.

While forensic accounting and fraud auditing are related, fraud auditing is more anticipatory. Fraud auditors try to control a situation before something happens, whereas a forensic accountant may be hired after the fact. A forensic accountant is usually hired after a company suspects theft, fraud or embezzlement.

Forensic accountants are suspicious. They must be able to apply their accounting knowledge to legal issues. A forensic CPA will be asked to write expert reports, assist in depositions, testify as an expert witness, conduct fraud investigations and assist in civil and criminal investigations.

Thompson & Associates has Atlanta’s premier fraud investigators and forensic accountants with both the experience and professional training to investigate the most complex fraud cases. Michael Thompson, founder of the company, has testified throughout the United States on numerous fraud cases and has led several large complex investigations. Under his leadership, his team has investigated cases, representing both victims and alleged fraud perpetrators.

The strength of our team is the depth of accounting experience our staff has and the diversity of cases it has undertaken. Our Atlanta forensic accountants create comprehensive audit plans and reports that provide details of complex fraud schemes in ways that are clear and concise. Our portfolio of investigative cases includes:

  • Inventory shrinkage
  • Skimming of Accounts Receivable
  • Diversions of Sales
  • Embezzlement, kickbacks, and internal theft
  • Asset tracking and money laundering
  • Ponzi Schemes and other related type pyramid schemes
  • Fraudulent Conveyances and other Bankruptcy Frauds
  • commercial litigation,
  • financial investigations,
  • business valuations,
  • business and marital dissolutions,
  • Expert Witnessing,
  • Crisis Management, and
  • FEMA Public Assistance

Our team doesn't just provide the methods and amounts of fraudulent activity when found. Our staff works collaboratively with management to identify the breakdown of internal controls that allow fraudulent activity to occur. We continue that process to create recommendations to prevent future irregularities from occurring.