Forensic Accounting

 

Fraud. Embezzlement. Asset Misappropriation. Business Litigation. Unfortunately, these are inevitable parts of today’s business environment. Solving for the impact to a business or to the shareholders from these acts requires experience, integrity, and determination. 

Cogence Group is your partner in that pursuit. With over 30 years of experience in forensic accounting services, we know how to dig into the facts and identify the truth to resolve your matter effectively.

Forensic accounting is a specialty practice that applies accounting concepts along with data analysis and auditing techniques, in the investigation of financial transactions, processes, and reporting.

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Our clients include companies of all sizes, boards of directors, investors, divorcing spouses, and other parties impacted by the transactions or issues involved. Cogence Group has provided forensic accounting support services to attorneys, including those pertaining to::

  • Partner Disputes

  • Breach of Contracts

  • Corporate Investigations

  • Employment Issues

  • Marital Dissolutions

  • Probate Matters

  • Due Diligence

When it comes to litigation support, fraud investigations, and forensic accounting, the selection of the most experienced accountants will be the difference between addressing your matter and satisfactorily resolving your matter. Cogence Group goes beyond the numbers to get to the facts.

In a recent matter, we were engaged by the respondent in a lawsuit who was being sued for the potential misappropriation of trust assets. Prior to the lawsuit, the respondent had a career in real estate and made monies through investment properties. The respondent, who was the trustee prior to his death, was legally allowed to invest trust assets in this manner. However, the beneficiary believed the respondent’s investments depleted her trust assets.

We were retained by the respondent to help prove at trial that his actions did not deplete the beneficiary’s trust assets and that monies owed to the trust were being reimbursed. During our forensic accounting analysis, we traced all cash transactions to the bank statements to assess all cash inflows and outflows. We identified that the majority of cash outflows were reimbursed by the respondent, and that the amount owed to the beneficiary was only $85,000 higher than the liability recorded within the financial statements. Whereas the beneficiary believed that it should be over $2.5 million higher.

We have the resources to get to the bottom of your most complex forensic accounting matters. Our team of forensic accountants brings a varied background of experience to each challenge.

Call Cogence Group for your forensic accounting needs!

 
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