Whether you are a company owner or a fed-up wife, you might need a forensic accountant to work for you so you can get to the bottom of financial matters. If you happen to find yourself wondering if you should hire one, you might want to check out the following types of problems that are generally best suited for a person in that profession. This way, you will be able to make the best decision about hiring your own forensic accountant.
Divorce Settlement Or Child Support
During such cases, it is the job of the forensic accountant to discover all of the bank accounts or other types of valuable assets. This way, there can be a true equal division of property and assets when there is a divorce. In cases of child support obligations, having such money will ensure that the proper amount, no more and no less, or ordered by the courts.
In order to determine the exact type of fraud that is taking place, who is doing it, and how much it has affected your company, you will want to make use of a forensic accountant. He or she will gather evidence, interview the suspect and witnesses, and compile a report to help you decide what to do.
Claims Of Personal Injury
The forensic accountant is not going to focus so much on the actual injuries that were received, as the financial problems that have been said to follow those injuries. By taking a close look at financial records and medical bills, the forensic accountant will be able to determine what the real settlement amount should be.
Business Partner Disputes
It is never fun when two business partners are disagreeing over who has been paid what, especially when everything is supposed to be split equally or however it was previously agreed upon. It will be up to the forensic accountant to make sure that all of the records are studied, such as the profit sheets and the pay deductions.
As you can probably now see, it is very important to make sure that you are calling for the services of a forensic accountant if you are dealing with any of the above mentioned issues. Even if your situation does not perfectly match any of those situations, you might still benefit from the services of a forensic accountant. You just have to make some phone calls to get started.