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Forensic Accounting for Businesses

Expert forensic accounting services for fraud investigation, dispute resolution, and asset recovery in South Jersey.


Forensic Accounting for Businesses

Forensic accounting is a very important factor in exposing the facts if your business is involved in fraud, disputes, or potential appropriation of assets. Getting to the bottom of the numbers’ secrets means the expertise and a TL-level approach are required. Wasserman CPA is a company with plenty of tooling and help for organizations that operate in the forensic accounting field, being almost 30 years active. The financial advisor assists businesses in South Jersey, and other nearby areas by examining financial irregularities, providing support for litigations, and helping with resolutions of business disputes.

The core issue with this is the thorough use of the data which may lead to uncovering the discrepancies, and the misconduct, and the potential of the frauds. This is the fact both in the frame of legal disputes and internal investigations, our expertise is a turn-off for businesses because of the aspects that normal financial reviews do not pay attention to.


Key Forensic Accounting Services for Businesses

The forensic accountants, who are similar detectives in the financial world, are also helpful in civil and criminal investigations. They delve deeper into analyzing the numbers to comprehend the activity behind bystanders. Our Wasserman CPA team is no exception. We team up with lawyers, business owners, and other stakeholders to provide a thorough forensic accounting service:

1- Fraud Investigation and Prevention

Forensic accounting investigations which usually start with the detection of fraud are usually the case. The process is thorough. Professional detectives are specialized in tracking down these transactions and whether hobbies or fraud were involved.

Fraud prevention is no less important, so we provide consultations to our clients in the development of fraud-prevention policies.

2- Litigation Support

Financial disputes may inevitably end up in legal proceedings. Expert forensic accountants in such situations, however, will make all the difference. We are involved in legal teams by means of financial analysis, expert testimony, and supporting documents thus financial matters in litigation are completely uncovered.

3- Business Dispute Resolution

Disputes between partners or shareholders are among the difficult situations that may arise, particularly when financial matters are to be dealt with. Our specialists can ensure objectivity in conflict resolutions in case of profit-sharing or financial mismanagement claims.

4- Asset Tracing and Recovery

If a business has the distressing problem of misappropriation or unauthorized use of assets, our professionals are able to find the lost funds or assets, in particular. We have the skills and expertise necessary to enable you to reclaim your funds and make you under the whole dynamic where your funds have moved.

5- Employee Theft Investigation

Employee theft is a privately-held business’s bitter reality. Through transactional data, inventory records along with financial statements, we carry out in-depth investigations and come up with possible internal thefts by our employees.

6- Contract and Vendor Fraud Investigation

Fraudulent charges may also come about in contracts and during the relationships with suppliers. The most common types are overbilling, duplicate payments, kickback schemes, false invoicing, unauthorized contract modifications, non-existent vendors (shell companies), bid-rigging, and inflated pricing.

Our forensic accountants explore the contracts, procurement processes (in detail) and vendor transactions to find out if there is any fraud.


Key Signs for Forensic Accounting Needs

The following situations might be very typical to warn businesses about to use the professional service providers:

  • Unexplained Financial Losses: Forensic practices may show the best results in situations of occasions when a company is in the red but there is no clear explanation.
  • Disputes Among Stakeholders: Tri-partner disputes over the performance of the business might be the main source of disagreements. The forensic accountant’s professionalism guarantees clarity and neutrality.
  • Vendor or Employee Issues: Once the employee or vendor starts bothering you, for instance if they have been overcharging your company or have been misappropriating funds, the forensic accountant can come in here and do the job of handing the investigation over.

Our Expertise

With over 30 years of experience in business taxation and accounting, Wasserman CPA is the forensic accounting expert you need for the investigations. Our line of attack is we ‘get in there’ and start ‘from the bottom’ all with your needs at the top of our mind. By us, every bit of detail is scrupulously investigated.

  • Expert Guidance: Our professionals are seasoned practitioners who have as diverse a period of compliance to the regulations as the number of states they are dressed with.
  • Client-Centered Service: We ensure the business owners are listened to and their specific requirements are identified and met. Our process ensures you are in full control of every step and that our words ‘from the initial investigation till the end’ are never idle.
  • Clear Communication: Forensic accounting may take the form of a complex process but we like to tell the story simply so that it is merely the truth. Our report is clearly written and gives correct business value through valuable insight.

Contact Us for Expert Assistance

If you suspect financial misconduct or just require a solid investigation into your financial records, we are at your service with the proper professional help. Forensic accounting is an indispensable weapon of the law that assures you of the moral purity of your business.

Call Wasserman CPA now for a consultation. Make our specialists the ones to discover the true situation and show you the way to a better future.


Frequently Asked Questions

  • What industries can benefit from forensic accounting?
  • How long does a forensic accounting investigation take?
  • What should I do if I suspect fraud in my business?
What industries can benefit from forensic accounting?

In fact, almost any sector will find forensic accounting useful, but those may be more advantageous to industries that extensively deal with vendors, operate many cash transactions, or have financial issues that are complex even for one single problem. Sectors like construction, retail, manufacturing, and healthcare commonly use the services of forensic accounting professionals.

How long does a forensic accounting investigation take?

Forensic accounting cases might vary in duration depending on the complexity of the issue and the amount of information available for assessment. Generally, this can take between a few weeks and several months.

What should I do if I suspect fraud in my business?

In case you think something is wrong, you have to act quickly, but camouflaged. Get in touch with a forensic accountant, discuss the issue, and collect evidence before any public or legal action is taken accountant to discuss your suspicions and gather evidence before taking any public or legal action.

OUR CLIENTS

CLIENTS THAT TRUST OUR SERVICES


Marc has been both my business and personal accountant for several years. During this time I have had a number of small businesses and bought and sold real estate. I know that I can rely on Marc to do the best possible job for me in any financial situation.


JEAN WILCOX



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