There are multiple different scenarios where forensic accounting may be necessary to create optimised and transparent business valuations. By digging deep into the financial records of a company, and highlighting any irregularities or compliance issues, among other checks, a forensic accountant can investigate potential criminal activity.
Whether your business is caught up in a legal dispute or if you want to uncover potential fraud from within your own company, Williamson and Croft can give you the assurance that you need with a comprehensive forensic accountancy solution. As experts in accountancy, we can help you to value business interests, quantify future potential financial risks and losses, and much more.
Contact us now to see how we can help your business with forensic accounting solutions. But, for now, let’s start by outlining some basics.
What Happens During Forensic Accounting?
Forensic accounting is the process of analysing a company to identify potential illicit or improper financial activity. This is performed through the use of several methods, including comprehensive business auditing, the analysis of financial statements and documents, and even interviews and business surveillance for particularly serious cases of mismanagement.
When performing these processes, forensic accountants are looking for the following abnormalities:
- Potential tax fraud.
- Potential breach of contract.
- Money laundering.
- Insider trading.
- Various forms of financial crime, including market manipulation.
When Is Forensic Accountancy Needed?
Forensic accountancy has several different applications, including fraud identification, that can be used by your business to elevate your operations. But how do you know when the hiring of such a professional is necessary? Internally, it might become clear that you need a forensic review when you start to become suspicious of bookkeeping records, the behaviour of management or even the activity of employees.
Elsewhere from internal irregularities, you may seek a forensic accountant if you’re involved in a shareholder dispute and need a financial solution, or if you’re looking to sell your company and require an accurate valuation.
Speaking of business valuations…
How Can Forensic Accounting Optimise Business Valuations?
Our aim when using forensic accounting to create optimised business valuations is simplicity and transparency. Giving you insight into the bigger picture of your business financials in order to benefit the future of your cash flow, we dissect your company to ascertain the core of its worth, using our intricate tools and expertise to give an accurate diagnosis.
Using our solutions, which we carefully tailor to each company we work with, we can break down even the most complex valuation challenges. Ascertaining a comprehensive understanding of your business, we’ll also cross reference your current success against emerging industry trends to calculate a sum that is as accurate as possible. Our accredited forensic accountants have been trained in the latest market trends and techniques so are adept at accurately valuing any business.
How Williamson and Croft Can Help
Searching for a firm that can help you with comprehensive forensic accounting? Look no further. At Williamson and Croft, not only can we provide business valuations, but we can also offer a range of other forensic accounting services that will help to upgrade and optimise your business for the future. These services include:
- Business disputes, investigations and valuations.
- Calculations of losses in professional negligence cases.
- Expert witness work.
- Fraud and financial investigations.
- Qualification of losses in breach of contract.
- Matrimonial financial remedy proceedings.
Want to get started? No matter what solution you’re looking for, be it accounting for the construction sector or financial guidance in the digital and creative industries, get in touch with us now to see how we can specifically help to optimise your business valuations.