Forensic and Investigative Accounting

PRIMARY CONTACTS:
Joel M. Rosenthal CPA, CVA, CM&AA
Thomas Pratt CPA, ABV, CFF, CVA

Forensic accounting is a specialty practice area that applies accounting concepts along with data analysis and auditing techniques, in the investigation of financial transactions, processes and reporting.

Forensic accounting engagements often involve actual or anticipated disputes and the investigation of accounting and financial issues. Investigations include suspicions or allegations of fraud, asset misappropriation, waste, mismanagement or misuse of funds, or white-collar crime. Our clients are companies, boards of directors, creditors, investors and other parties that are potentially impacted by the transactions or issues involved.

Schneider Downs' forensic accounting professionals include Certified Fraud Examiners (CFEs) and those who are Certified in Financial Forensics (CFFs) - individuals who are experienced at analyzing, interpreting and presenting complex financial issues in a clear and usable format. Forums have included courts, arbitration panels, investigative agencies, law enforcement, and regulatory bodies.

Examples of the forensic accounting investigations in which we have participated include:

  • Fraud and asset misappropriation schemes involving bookkeepers, controllers, managers and executives
  • Use of construction loan proceeds by developers
  • Allegations of fraud, waste and fair dealings in the operation of a business
  • Analysis of Ponzi schemes
  • Public corruption and misuse of funds
  • Misuse of funds by a fiduciary
  • Reconstruction of sources and uses of restricted funds and grants
  • Examination of related-party transactions as a part of bankruptcy
  • Internal investigations or disputes
  • Analysis of investor fund usage
  • Investigations of the financial condition of businesses on behalf of lenders and investors

By understanding our clients' objectives and circumstances, our specialists are able to quantify the impact and potential losses incurred, and design and implement internal accounting and management controls for loss prevention and risk management.

About Schneider Downs Business Consulting

The Schneider Downs Business Consulting group is experienced in handling business interruption matters with forensic accounting professionals and litigation support specialists. Additionally, our Business Consulting group managed our research and consulting work on the Paycheck Protection Program (PPP), so the team is uniquely qualified to prepare potential claims related to losses from COVID-19.

Learn more about our Business Consulting services at www.schneiderdowns.com/fas-business-consulting or contact us for more information. 

 

case studies

 
Let’s discuss preventing ransomware attacks on your company. Email me directly <a href='mailto:twarren@schneiderdowns.com?cc=contactSD@schneiderdowns.com'>here</a>.
big problem:
Let’s discuss preventing ransomware attacks on your company. Email me directly here.
big thinking:
Company impacted by ransomware.
 
Let’s discuss opportunities to reduce your company’s tax burden. Email me directly <a href='mailto:dmorally@schneiderdowns.com?cc=contactSD@schneiderdowns.com'>here</a>.
big problem:
Let’s discuss opportunities to reduce your company’s tax burden. Email me directly here.
big thinking:
Inefficient tax credit realization.

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