Forensic Accounting

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Forensic Accounting


  • Due Diligence
  • Contractual Disputers
  • Fraud Detection
  • Business & Share Valuation
  • Lost Profits Claim/Loss of Earnings
  • Assets Tracing & Recovery
  • Damage Estimation
  • Matrimonial Disputes
  • Litigation Support
  • Establish Cause
  • Claim Preparation
  • Report Preparation
  • Damage Calculations
  • Deposition Assistance
  • Expert Witness Testimony
  • Litigation Consulting
  • Document Management
  • Data Mining / Analysis
  • Financial Analysis and Review
  • Locate Documentary Evidence
  • Interview Suspects / Obtain Confessions

FORENSIC ACCOUNTING AREAS

 

Lost Profits

A loss of income or profits can occur anytime due to a multitude of factors, including negligence, product liability, fraud, contractual disputes and unstable market conditions.

We provide lost profits or income reports for our client when parties to a commercial agreement breach them, fraud, environmental damage resulting into loss of business income, contractual disputes or product liability

We provide iron-cast loss estimation and damages to support your claim  with our loss determination models.

Our processes include:

  • Forensic examination  of business and financial information
  • An analytical review of industry data to calculate the effect on profits due to the breach
  • A Direct computation of pre-loss forecast profits and actual profits after the event
  • Consideration of all non-loss related  matters and situation to measure their impact on performance or profits
  • Systematic information gathering from talking to top management, key suppliers and customers
  • Engaging other experts where necessary
  • Expert and consulting witness testimony
  • Working as Expert Witness in a Law Court
  • For further detail, contact this team today

 

Liability Losses

We are specialist in investigation and quantification of liability losses. Company’s who suffer damage which results in a restriction of their operations find our firm a friend indeed. They can be rest assured that their claim for economic damage will be well supported from our loss liability quantification expertise.

Our methodology include the following

  • Analysis and review of business records and underlying financial information
  • Assessment and documentation of all physical damages if any
  • Follow on all post loss events
  • Analyze lost profits claims through the examination of financial and operational records
  • Quantify loss profits deploying both statistical, economic and financial models
  • Identify and measure extra expenses
  • Identification and measurement of any cost incurred
  • Consider short-term remedies and costs
  • Provide expert and consulting witness testimony when necessary
  • Acting as expert and consulting witness while our client is making and establishing the claim
  • Our expertise guarantee that you have reasonable, scientific, error-free and reliable measurement of your liability losses

 

 Business Valuation

We provide business valuation services to our client who require same during fresh capital injections, investments, divestments, Initial Public Offering, Partner Disputes, Exiting Stock Market where Minority Shareholders Dissent.

Our methodology include

  • Reviewing historical and forecasted information, including analysis of balance sheets, income statements and cash flow
  • Review of historical financial information, review of projected financial information of the business. The Balance Sheet, Profit and Loss and Cash Flow Statement are analysed
  • Conducting meetings with management to discuss company history, operations, employees, customers and competitors and other relevant items
  • Holding Sessions with company management, reviewing plans, history, markets, competition and business environment
  • Conducting analytical reviews of the company’s financial information
  • Reviewing financial budgets, contractual agreements, customers list, management, national economy
  • Delivering an opinion of value deploying relevant valuation models and the weaknesses with the models and providing justification for the model used in the report
  • Writing the Valuation Report
  • Working as an Expert and Consulting witness on the Valuation Report provided
  • Our customers trust us for objective and professional valuation of their business

Business Interruption Claims

Calculate damages solely attributable to the incident when their  business suffer interruption resulting in losses. We quantify the losses, identify the financial impact of the business interruption on projected profits and actual profits.

Our methodology includes:

  • Analysis and review of business records and underlying financial information
  • Assessment and documentation of all physical damages if any
  • Follow on all post loss events
  • Analyze lost profits claims through the examination of financial and operational records
  • Quantify loss profits deploying both statistical, economic and financial models
  • Identify and measure extra expenses
  • Identification and measurement of any cost incurred
  • Determination of losses related to the business interruption only
  • Provide expert and consulting witness testimony when necessary
  • Acting as expert and consulting witness while our client is making and establishing the claim
  • Our expertise guarantee that you have reasonable, scientific, error-free and reliable measurement of your liability losses

 

Fraud, Concealment & Misrepresentation

When fraud is suspected, it can have serious financial implications and perhaps even destroy the affected business. This is why it’s so important to work with someone who can uncover these improprieties and assess the financial damage associated with these actions.

We provide expertise in uncovering suspected fraud and assessing the financial impact on the business.

Our methodology includes:

  • Review of financial and business records, transaction reports and financial statements
  • Detailed analysis of current and past financial records and statements
  • Review of existing controls, process and procedures regarding the suspected transaction for any beaches
  • In-depth reviews of journal entries for suspicious items
  • Review of Journals. General ledgers and Schedules, Source Documents like Payment Vouchers, Contract Documents, LPO, Waybill etc
  • Analytical review of financial statements, market analysis and economic situation
  • Review of Internal Controls, Risk Management, Corporate Governance
  • Providing Expert and consulting witness testimony
  • Talk to us today on this subject, you will be in safe hands

 

Business Disputes

We are your premier forensic accounting firm supporting you in resolve business disputes that arise  from financial and economic damages. When contracts are breached or terms of contract are either repudiated or negligently observed by third parties resulting in financial losses, business owners disagree, funds are misappropriated, people with fiduciary duties breach their responsibility, excess bank charges, fraud resulting from commercial lending, they turn to us to accurately and professional assess the loss to support their claim

Our methodology includes:

  • Assessment and measurement of the amount involved in breach of contract, fraud, shareholders disputes, damages in breach of fiduciary duties
  • Identification of information needed for investigation and analysis including testimony, third party and company records and industry/market research
  • Review of industry and market report and extant laws and regulations
  • Defense of our client with strong basis, particular weakening the testimony of  opponents
  • Serving as Expert Witness
  • Contact this service today for results.

 

Government Services

We provide forensic accounting services to the public service that require independent and investigative work. We perform financial analysis and modeling and also provide support during litigation. Our client enjoy the following services:

  • Support during trials at the court, serving as expert witness
  • Fraud Investigation & Audit
  • Assets Tracing
  • Anti-fraud consulting, including detection and prevention
  • Forensic Information Provision
  • Contractor Due Diligence
  • Suspected Corruption Compliance review and investigation
  • Data analysis and visualization
  • Process Reengineering Audits
  • Suspected Contract Splitting investigation and audits and recovery of determined financial losses
  • Training for Field Officers and forensic Investigators
  • Our practice is your choice for results

Environmental Damages

We are your choice forensic accounting practice firm for quantification and assessment of environmental damages claim. We have the skills and experience in producing investigative and independent report that accurately assess the economy damage. Where necessary, we collaborate with experts from other disciplines to produce our reports.

 

For further details on this service, please contact Matthew Ogagavworia, FCA, CFAN on ogagavworia@qeeva.com

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