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Financial Forensics Services

The need for financial forensics services may be prompted by one or more of the following actions:

Internal or board investigation
Regulatory investigation by the SEC, DOJ or other agencies
Class-action shareholder securities litigation
Litigation or arbitration pertaining to flow of funds and/or financial issues
Allegations of fraud or corrupt activities

Our senior professionals hold the designation Certified in Financial Forensics (CFF) issued by the AICPA in recognition of their education, training and experience in the field of financial forensics investigations.

The BVA Group has experienced CPAs/CFFs who can assist with forensic accounting investigations for matters that include:

Our procedure is to understand the needs of our clients and offer a team that has the experience and knowledge to conduct a financial investigation with the highest professional standards on a cost effective basis. Our typical approach would include data gathering and assessment, investigative interviews, detailed analyses, and presentation of our findings.

Financial Forensics Investigation For Asset Misappropriation

A financial forensics investigation may be needed if any of the following activities are suspected:

Skimming of receipts
Manipulation of cash receipts or count records
Accounts receivable lapping, check diversion and false credits
Ghost employees, unauthorized pay rates, overtime, commission or bonus payments
False vendor/invoice, inventory receipt and/or shipping documents
Check tampering
False expense reimbursements

Financial Forensics Investigation For Securities Fraud & Ponzi Schemes

BVA has the financial forensics experience to analyze data and determine key fact patterns related to:

Financial representations made to investors
Timing, amount, and terms of invested funds
Overall sources and uses of cash
Expenditures and transfers for business purpose or other use
Use of newly invested funds
Financial condition of the entity
Operation of the business and historical profitability
Ability to pay existing investors from funds generated from operations
Sources of funds used to pay existing investors
Reasonableness of the entity's forecasts and projections

Financial Forensics Services For Merger & Acquisition Disputes

When disputes about purchase price adjustments and alleged breaches of financial representations arise, BVA has the expertise to provide financial forensic services related to:

Net working capital
Reserves for bad debts
Unrecorded or disputed accounts payable
Inventory valuation and obsolescence
Contingent liabilities
Work-in-progress production estimates
Claimed assets not meeting ("GAAP") requirements
Ambiguous or inconsistent language in agreements
Failure to specify resolution of GAAP versus consistency

Financial Forensics Services For Marital Dissolution

Divorce proceedings can be very emotional and have a distinctly personal nature requiring additional sensitivity by financial experts. These disputes are often resolved based on the equitable distribution of assets rather than strict legal or economic interpretations. The BVA Group has an understanding of relevant procedures and nuances based on significant experience with this type of litigation.

Separate property may become commingled in various accounts or combined with community property for certain transactions. For these situations, BVA offers detailed analyses related to the tracing of separate and community property in accordance with the required methods of allocation. In addition, BVA has the core competency to provide valuations of closely-held businesses owned by the marital estate.

Financial Forensics Services For Probate, Trust and Estate

Probate, trust and estate litigation proceedings may involve a wide range of issues. Typically, there is a disconnect between trust or estate bookkeeping and the financials that are based on GAAP or are prepared on an income tax basis, which may create confusion and conflict. It is not uncommon for a significant portion, if not all, of the family wealth to be illiquid in closely-held business interests, which may further complicate the matter.

BVA provides financial forensics services to trustees, executors and beneficiaries related to:

Breach of fiduciary duties
Removal of fiduciaries
Will and trust interpretation
Prudent investor rule cases
Fraud investigations
Misappropriation of trust assets
Attorney and fiduciary fee disputes

In addition, BVA has the core competency to provide consulting services related to valuation disputes.

The BVA Group - Financial Forensics Services | Financial Forensics Services