Forensic Accounting and Litigation Support
The professionals at CostaRothbort possess an in-depth knowledge of fraud schemes, investigation techniques and the law. We review our clients’ internal control structures and implement methods to help strengthen their systems to guard against the unauthorized diversion of funds. The processes we design provide reasonable assurance to achieve objectives which include effectiveness and efficiency of operations, reliability of financial reporting and compliance with applicable laws and regulations.
In the course of conducting a forensic accounting investigation, we are on the lookout for employee red flags which might include lifestyle and behavioral changes. Among the areas where fraud is most likely to occur are occupational or employee fraud, embezzlement, asset misappropriation, cash receipts fraud and cash disbursements fraud. These are all areas where we have earned a highly regarded reputation for efficiency and insightful analysis.
With an increasing demand for investigative accounting services, we have a longstanding commitment to providing the utmost in professionalism in our approach to this unique and intriguing area of the profession. As we have often stated, “It’s more than just the numbers.”
One of our most sought-after services is the presentation of an original workshop entitled, “The Alarming Increase in Fraud…and What You Can Do to Prevent It!” Through real-life examples and a detailed tutorial, we raise awareness of “The Fraud Triangle”: Pressure, opportunity and rationalization, among other relevant topics.
Our Forensic Accounting services include:
• Commercial bribery
• Computer fraud
• Disability claims
• Embezzlement and misuse of funds
• Implementing effective internal controls to prevent future fraudulent activity
• Internal and board investigations
• Providing expert testimony
• Scrutinizes accounting records in business disputes to detect discrepancies
• Tax violations
• Trust and estate fraud investigations
• White collar crime
Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle
Tax accounting in the United States concentrates on the preparation, analysis and presentation of tax payments and tax returns. The U.S. tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.
Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.