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Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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MCCC Blog |
Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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Who Needs Forensic Accounting?
Forensic accounting - also called financial forensics or forensic auditing - is an area of accounting that investigates actual or anticipated disputes. Disputes can range from business-related litigation to marital dissolution. We handle both litigation support and investigative accounting. Litigation Support This area covers accounting assistance for current or pending litigation. For a litigation assignment, a forensic accountant...
Investigative Accounting Occasionally, you may need to explore whether fraud or misconduct has occurred, such as employee theft of property or inventory, misappropriation of funds by employees, kickbacks to employees from outside businesses, securities fraud, and insurance fraud. Investigative accounting services will give you a clear understanding of the situation...
Forensic Investigations Take a Variety of Forms The services of a forensic accountant are required for a range of investigations across many different industries. Here are the most common assignments in forensic accounting:
Business Valuation Few things are more important to business owners than the value of their business. The valuation you get for your business can make or break a proposition. Whether you're negotiating a merger, considering new shareholders, attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure. Business valuation is not an exact science. It's based on judgment, experience and relevant information. So, you need professionals who are well qualified, with significant experience in evaluating all types of organizations. The best approach is to intimately know your business in order to understand what constitutes its value and to work closely with you to analyze your operations and historical financial data. In-depth knowledge of your business results in a well-reasoned, fully documented and defensible valuation opinion. Richard L. Lipton CPA & Associates, LLC excels at all these services and more. Rich Lipton CPA/CFF, (973) 520-8123, rich@liptoncpa.com Comments are closed.
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Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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Our Mission: The Morris County Chamber of Commerce collaboratively advances the interests of its members to champion a thriving business and community environment.
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Our Vision: Creating member experiences that foster exceptional business success and quality of life.
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