Page 16

Birmingham Bar Association Bulletin Winter 2015

Forensic Accounting Bob Mayeri, CPA, CVA, MAFF © 2015 all rights reserved. Th e Value of Using the Services of a Forensic Accountant In Legal Matters One of the most critical decisions practicing attorneys have to face is the selection of a forensic accountant. Th e specialized training and expertise of forensic accountants and the role they can play, either as consultants or as expert witnesses can make the diff erence in the fi nal outcome of a case. However, it is critical that the right person with the right expertise, training, and background be selected. Th is article will describe the various areas of specialization in which a forensic accountant performs; how to select the right professional for the job; and the benefi ts of using a forensic accountant. Forensic accountants are best utilized in legal matters to perform investigative accounting procedures, prepare business valuations, and to determine economic damage and lost earnings calculations. Specifi c areas of specialization/sub-specialization, where these professionals might be used include: investigative accounting arising from – • shareholder/partner disputes; • bankruptcy, insolvency and reorganization proceedings; • marital dissolutions; • securities and tax fraud; • money laundering; • computer/e-discovery; • disputes relating to contractual issues ranging from earn-outs to royalty audits. business valuations for the purpose of – • meeting the requirements of buy sell agreements; • marital dissolution proceedings; • gift and estate taxes. economic damage and lost earnings calculations relating to – • breaches of contract; • torts. 16 Birmingham Bar Association


Birmingham Bar Association Bulletin Winter 2015
To see the actual publication please follow the link above