I have been performing forensic accounting services for clients since 1984. During that time, I have heard many definitions of “forensic accounting services” from other CPAs, seminar instructors, and attorneys. The American Institute of CPAs (“AICPA”) has a practice aid[1] (“Practice Aid”) which gives the following definition of forensic accounting services: “Forensic accounting services generally …
Ah, the convenience of depositing a check right from my phone. How much easier could it get? Log onto my account, choose remote deposit, snap a picture of the front and back of the check and ABRACADABRA my check is deposited. No getting out to the bank or finding a deposit slip. Once I receive …
We just rang in the New Year, 2015, and it is now a time for reflection on 2014. First and foremost, I wish to thank all the clients we served during the past year. Henry & Horne ’s Business Valuation and Litigation Support Services Group (H&H BV/LS Group) provided forensic, valuation and litigation services to …
On her third arranged date, Alice met a man, Harvey, whom she thought would fulfill all her dreams of having “Mr. Right” in her life for the rest of her days. Alice made a dire mistake. Alice decided to try the internet dating service, Ace Dates (“Ace”). She was looking for a future soul mate …
I have been fortunate the last three months to have mentored a forensic accounting student through a “Shadowing Opportunity” we offered at Henry & Horne . I absolutely love my profession, and being able to share my passion with someone just starting out has been a wonderful experience. Forensic Accounting is a dynamic and growing …
As a forensic accountant, I was recently involved in the mediation process of a very complex divorce case. Due the nature of the case, preparing for trial would be a long and expensive process for my client. In addition, in order to resolve the issues satisfactorily for both parties, a creative, and somewhat nontraditional, approach …
Forensic accountants are often asked to assist in marital dissolution matters in determining the value of the community interest and the sole and separate interest of retirement accounts. There are several factors to consider when valuing these interests including the following: 1) the period of contributions to the account(s) versus the length of the marriage; …
If you are in the process of divorce and believe your spouse may be hiding assets, a review of your tax returns may provide some indication of those assets. Of course, the spouse who controls the preparation of the tax return does not always report income relating to hidden assets, (hence the word “hidden”). However, …
Like most people, I am often asked what I do. My typical answer is “I’m a forensic accountant.” This gets me some puzzled looks and usually prompts a few questions. “What does that mean?” “Do you do accounting on dead bodies?” (One of my favorite questions ever?) “OK… what is that?” So what is Forensic …