If you are looking for a Carmel accountant to help you out in litigation, you need to know what forensic accountancy is all about. The following are the roles played by forensic accountants in legal cases:
Pre-Case Analysis Consulting
Engaging forensic accounting experts in the early phases of litigation can provide meaningful value to your legal team. The initial stage of litigation involves the decision of whether or not to proceed with the case. At this point, you want to calculate the potential damages of litigation. Can your client afford it? Forensic accounting professionals will come in handy at this point. They will estimate the possible litigation cost and determine whether it will make any economic sense if you move forward with the case. Aside from that, their findings at this initial phase will enable you to develop a litigation strategy.
Case Discovery Assistance
Forensic Analysis and Interpretation
Expert Testimony
Hiring a Forensic Accounting Specialist
Sometimes, the services of forensic accountants are inevitable. Not only do they have unique financial knowledge, but they also possess remarkable courtroom experience. Hiring these experts could be the secret ingredient to winning your litigation. They are proficient in handling both criminal and civil cases, including the following:
- Company dissolution processes, buyouts, or acquisitions
- Disputes between shareholders
- Estate and trust litigation
- Divorce cases
- Fraud conducted by staff members
- Contract breaching issues
There are many accountants in Carmel, but not all of them will fit into the role of forensic accounting. If you want to succeed in your litigation, you must be careful when choosing your forensic accounting expert. You want to partner with someone proficient in gathering evidence, analyzing and interpreting fiscal data, and, more importantly, testifying in court. When choosing your forensic accounting expert, you should look out for the following qualities.
Knowledge and experience: The accountant should possess an appropriate set of skills that are relevant to your case. If you require valuation services, they should be proficient and experienced in valuation matters, including providing a winning valuation testimony. Similarly, if you are handling matrimonial disputes, you should find an expert with vast family law accounting experience.
Court appearance
The most fundamental quality of a forensic accounting specialist is their ability to make detailed submissions in court. So when choosing your forensic accounting expert, consider their courtroom knowledge and experience.
Personal attributes
You should work with someone that you and your legal counsel feel comfortable around. They should blend in well with the group’s mission and ideologies. Essentially, the accountant should be approachable, creative, and possess excellent communication skills.
Discretion
Financial litigation involve sensitive matters, and your client might demand the total confidentiality of the case. Look for an accountant who can promise to keep litigation matters as discreet as possible. Reviews and references can tell a lot about the accountant when it comes to confidentiality.
Are you looking for a professional forensic accounting expert to join your legal team? Get in touch with Savage Accountancy, APC. Our company prides itself on having a wealth of experience below the belt. Our forensics accountants are adequately trained to handle divergent legal cases involving financial matters. Call us now, and let us be your trusted accounting partners.