Forensic Accounting

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Our in-house team of forensic accountants can help with litigation, fraud, financial irregularities and disputes. Our experienced team offers a full range of forensic accounting and litigation support to both commercial and personal clients.

We can investigate financial misrepresentations and help you reach a resolution before it involves the costly legal fees of going to court. But, if court action is what it takes to resolve a situation we have considerable expertise in litigation. We can represent you and give evidence at mediations, tribunals, in Magistrates Courts, County Courts and the Crown Court.

We have extensive experience in dealing with individual disputes, business disputes and suspected fraud. We have the expertise to investigate, analyse, interpret and summarise complex financial and business-related issues clearly. We offer detailed analysis and sensible recommendations.

What we can help with

  • Investigating and analysing financial evidence
  • Fraud investigations
  • Matters relating to HMRC and tax investigations
  • Assistance in professional negligence claims
  • Assisting in legal proceedings, including testifying in court as an expert witness
  • Assisting with matrimonial disputes and divorce
  • Business and share evaluations
  • Partnership disputes

Why choose us?

We have been providing expert accountancy, tax and business services for over 80 years. Whatever your financial predicament, we will help to uncover the truth and find a solution. We have a reputation for achieving desirable outcomes for our clients, who range from individuals to multi-national companies.

We pride ourselves on our thorough service and we have the experience to look beyond the numbers and deal with the business realities of any situation. We are dedicated to detail and have experience in dealing with complex cases.

Perhaps you need your business or shares accurately valued, or you have a marital dispute and require representation. Whatever your forensic accounting needs, we have the expertise to help you. We will explain everything to you in a clear and concise way.

We also have extensive experience of litigation and in writing detailed reports, as well as representing and presenting evidence in court. We can act as an expert witness on your behalf.

Free ‘no obligation’ meeting

Contact our professional, friendly team for expert advice on 01932 868444.  We offer a complimentary ‘no obligation’ meeting with one of our expert partners to ascertain your needs and explain how we can help. If you prefer to contact us by email, please do so at info@wtca.co.uk.

FAQs

What is forensic accounting?

Forensic accounting is a speciality practice area of accountancy that is used in a court of law. Forensic accounting uses accounting, auditing and investigative skills to analyse financial information and assist in legal matters. It’s essentially a combination of accountancy and detective work to present the facts, uncover fraud, and assist in resolving legal disputes.

There are two main areas of forensic accounting; litigation support and investigation. Litigation involves the factual presentation of financial information relating to pending or existing legal disputes. Forensic accounting can help to resolve disputes before they reach court. If the case does reach the courtroom, a forensic accountant can testify as an expert witness.

Investigation determines whether fraud, theft, or falsification of financial statements has occurred. This can include insurance fraud and civil matters, such as hidden assets in a divorce case.

What does forensic accounting actually involve?

Forensic accountants draw from many areas of expertise, including accounting, auditing, taxation, and information technology to assist in legal matters. A forensic accountant will seek to determine what events took place from a financial standpoint. Forensic accounting teams will include expert testifiers, witness interviewers, data mining and computer forensic specialists, fraud examiners, and specialist professionals to document the facts.

What types of legal dispute do forensic accountants become involved in?

Forensic accountants investigate and document allegations of financial fraud, professional negligence, embezzlement, shareholder disputes, breaches of contract, Stock Market manipulations, and insurance fraud, as well as bankruptcy fraud and preferential payments. Forensic accounting is appropriate for any illegal financial activity, and is also called upon in civil cases, such as matrimonial disputes. Any dispute or prosecution in a court of law involving financial ambiguity or fraud will require the expertise of a forensic accountant.

What is the difference between auditing and forensic accounting?

An audit is designed to provide confidence in whether accounts show a true and fair view of the financial position and performance of a company within a specified period. This is achieved by undertaking sample checks on the transactions and balances that make up the accounts, and is subject to the concept of materiality which is a lower threshold where the values under scrutiny are considered too small to have an influence on the overall stated position of a set of accounts.

In Forensic accounting, there is already suspicion that errors exist in the presented accounts, so the work undertaken relies on far higher samples, and a substantive review of transactions regardless of value. This means a forensic review of accounts will concentrate on significantly more detail in order to obtain evidence of wrongdoing. The purpose of forensic accounting is to uncover any possible misappropriation, misstatement or fraud. Forensic accounting seeks to provide evidence for use in a court of law and so requires specialist legal documentation.

When should I consult a forensic accountant?

Forensic accountants are consulted for a wide range of legal disputes and suspected financial fraud. If you suspect fraud or theft within your business, or surrounding a civil matter, you may wish to consult a forensic accountant to investigate for you.

What should I do if I suspect financial fraud in my business?

If you suspect fraud, theft or wrong-doing in your business, the best way forward is contact your accountant who will be able to help you substantiate your suspicions and take the appropriate action. Fraud or theft tends to be committed by trusted employees with access to the most company information.

If an internal investigation is required you will need the help of a forensic accountant. If you suspect fraud or theft in your business, try not to overreact. It’s equally important not to sweep it under the carpet and ignore it. Be discreet when seeking advice as the perpetrator may destroy evidence or try to cover their tracks. An IT consultant will be able to discreetly copy the suspect’s hard drive. Ensure all of your financial information is backed-up and work with your accountants and other professional advisors to reduce the disruption to your business.