The American Institute of Certified Public Accountants defines forensic accounting services as the application of specialized knowledge and investigative skills possessed by CPAs to collect, analyze, and evaluate evidential matter and to interpret and communicate findings in the courtroom, boardroom, or other legal or administrative venue. Bates’ forensic accounting experts decipher, interpret, and explain financial and accounting information pertaining to public or privately-held companies and nonprofit organizations or public agencies. The skills and experience of our forensic accounting experts are reflected in their credentials which include the following designations: Certified Public Accountant, Certified in Financial Forensics, Certified Fraud Examiner, Certified Valuation Analyst and Chartered Global Management Accountant.
Bates’ forensic accounting experts serve our clients in the following capacities:
As damages experts who calculate economic damages such as those relating to wage and hour disputes, partnership disputes, breach of contract, lost profits, and lost earnings.
As accounting experts who evaluate allegations of accounting malpractice, determine whether an entity’s financial statements were prepared in conformity with accounting rules, evaluate the financial condition of an entity, or interpret and communicate the significance of accounting and other financial information.
As forensic accountants in a non-litigation setting who investigate allegations of fraud and assist in filing a proof of loss, or reconstruct and decipher business transactions based on available evidence.
Bates’ forensic accounting experts assist attorneys and their clients along with senior management of organizations with:
investigating suspected asset misappropriation or financial statement fraud
resolving financial or accounting disputes
calculating or critiquing economic damages
writing expert reports
testifying in deposition and at trial as the financial, accounting, or damages expert
Bates’ Forensic Accounting team helps firms in the following areas:
Loss claims and economic damages
Breach of contract
Breach of fiduciary duty
Insurance bad faith claims
Complex accounting analyses
Partnership, joint venture, or shareholder disputes
Lost earnings from personal injury and wrongful termination claims
Wage-and-hour litigation, including pre-litigation analysis:
Failure to provide meal and rest periods
Audits and reviews of financial statements
Overlooked tax deductions
GAAP, GAAS, and PCAOB violations involving a publicly-held company
Opining on a party’s ability to pay punitive damages
Non-litigation investigations and data analyses
Investigation of alleged fraud (asset misappropriation or financial statement fraud)
Data mining, extractions, and analysis of large data sets