Forensic accountancy involves the examination of financial records of all types and drawing appropriate inferences from them. That will be key in many cases of fraud, theft or money laundering and in other crimes where there is a profit motive, including drug trafficking. For example in a criminal trial a forensic accountant may be called upon to give an opinion as to whether the defendant’s personal financial affairs are consistent with his legitimate income.
Forensic accountants also aim to answer the question ‘How much?’. Usually in a criminal trial the primary focus is on ‘Guilty or Not Guilty?’ but the question of ‘How much?’ may be relevant to sentencing and, if confiscation proceedings follow conviction, then the question of ‘How much?’ will take centre stage.
Often a forensic accountant will be faced with incomplete records or information and will draw on his skills and experience to assess the reliability of the available evidence and the extent to which conclusions may safely be drawn from it.
Forensic Assessment’s Accounting expert can assist in all types of cases where reports have been prepared detailing financial disputes involving a defendant.