FAQ 2019-04-24T10:31:17-08:00

FAQ

Forensic Accounting, Fraud Examination:

What is forensic accounting?

What is the difference between forensic accounting and fraud examination?

In what circumstances might one need a forensic accountant or fraud examiner?

What are traits of a qualified forensic accountant or fraud examiner?

Can’t my CPA prepare what might be necessary for a forensic accounting or fraud examination?
We work with your CPA

I don’t have an attorney; do I really need one if I am having a forensic accounting or fraud examination prepared?

What type of attorney do I need, can’t my business attorney handle this?

What documents are necessary?

Why do you need the documents requested, are they all needed?

I suspect that something might be wrong, what should I do?

What are the steps in a forensic accounting engagement or fraud examination?
Are all of the procedures necessary?

How much will this cost?

Economic Loss, Damages

What are economic losses or damages?

In what circumstances might one need to determine economic losses or damages?

Can’t my CPA prepare what might be necessary for a forensic accounting or fraud examination?
We work with your CPA?

I don’t have an attorney; do I really need one if I am having a forensic accounting or fraud examination prepared?
What type of attorney do I need, can’t my business attorney handle this?

What documents are necessary?

Why do you need the documents requested, are they all needed?

Business Valuations

What are examples of situations that require a business valuation (BV)?

What are the different types of a business valuation?
• Summary
• Detail
• Calculation of Value

What is the process of a business valuation?

What types of documents are needed for a business valuation?

Can I use a business valuation for another purpose than for what it was originally prepared for?

Exit Planning, Succession, Transfer of Interest

Why is exit planning necessary?

When should I start?

What are the steps in exit planning?

How long does the process take?
Dependent upon a number of factors such as depth of management, the difficulty and specialization of the business, qualified employees, the relationships with customers/clients, contracts, intangible knowledge

Why does it take so long?

What is the difference, if any, between exit planning and succession planning?