Forensic and Investigative Accounting

PRIMARY CONTACTS: Joel Rosenthal CPA, CVA (Pittsburgh), Thomas Pratt CPA, ABV, CFF, CVA (Pittsburgh)

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.

case studies

Ransomware attack halted a global manufacturer's operations.
big problem:
Ransomware attack halted a global manufacturer's operations.
big thinking:
Recover and secure the system – fast – save $1 million in ransom.
High tax burden for family-owned franchisor.
big problem:
High tax burden for family-owned franchisor.
big thinking:
Comprehensive planning for a 15% tax reduction.

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contact us

Map of Pittsburgh Office

One PPG Place, Suite 1700
Pittsburgh, PA 15222
p:412.261.3644     f:412.261.4876

Map of Columbus Office

65 East State Street, Suite 2000
Columbus, OH 43215
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102