Two Investigative Accounting Case Studies

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Two Investigative Accounting Case Studies
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• Are you concerned that you or your business might
  be the victim of fraud?
• If you suspect potential misconduct, your
  financial data may contain all the information
  you need to make your case and seek restitution.
  Thats where Culpepper CPA comes in. Our forensic
  CPAs provide investigative accounting services,
  as well as litigation support to our clients.
• Have you noticed financial irregularities that
  dont make any sense? Or maybe you are in the
  middle of divorce proceedings and you need an
  expert to uncover disputed or hidden assets on
  your behalf?
• Forensic financial analysts can help you navigate
  a number of complex situations.

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• Who Needs Investigative Accounting?
• Forensic and investigative accounting vary from
  person to person and industry to industry. Here
  are some common situations that our clients face
• Shareholder Disputes These cases revolve around
  compensation and other nuanced disagreements
  where equity, salaries, dividends, and profit
  distributions are at stake.
• Motor Vehicle Accidents or Personal Injury A
  forensic accountant can investigate economic
  losses, which come under investigation by
  insurance companies and other parties after a car
  accident or personal injury incident.

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• Insurance Claims Whether you are the insured or
  the insurer, our forensic accountants can analyze
  an insurance policy and help to determine the
  appropriate methodology for calculating a loss.
• Employee or Business Fraud Investigations
  Sometimes a forensic accountant is called in to
  determine the extent of employee or business
  misconduct. This may include identifying the
  perpetrator! Such cases often require interviews
  with all staff who had access to funds.
• Matrimonial Disputes Investigative accounting
  can be instrumental in divorce proceedings when
  one spouse needs to locate and evaluate disputed
  assets, such as property, businesses, and other
  sources of income.

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• Business Economic Losses Many business-related
  cases deal with economic losses within a
  businesseverything from contract dispute and
  patent infringement to losses stemming from
  embezzlement or breach of contract.
• Investigative Accounting Services from Culpepper
  CPA
• When you hire Culpepper CPA to investigate
  possible misconduct, we take the time to examine
  all your financial records and data. Put simply,
  we try to find and document the truth.

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• Our specialized accounting knowledge and
  experience will enable you to gain a clear
  understanding of the situation. Not only do we
  analyze your financial information, but we also
  organize an in-depth investigation and provide
  you with a report of our findings. When you
  retain our services, we go through the following
  steps
• Review your situation
• Recommend appropriate courses of action
• Assist you in the protection and recovery of
  assets
• Coordinate with private investigators and other
  experts to lend a hand with the investigation as
  needed

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• Act as an expert witness in any necessary civil
  action or criminal prosecution
• Once our investigation is complete, its then up
  to our clients to take the appropriate action.
  Although we are unable to recommend what you
  should do with the information we provide you
  with, we can discuss the options available to
  you.
• These two real case studies will give you a clear
  idea of what investigative accounting looks like
  in action.

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• Case Study 1 Using Investigative Accounting
  during Divorce
• Some forensic accounting projects deal with
  divorce. The settlement of assets can obviously
  be a major, emotionally charged issue.
• For example, one of our clients believed her
  spouse was hiding assets and lying about both the
  type of assets and their value. She hired
  Culpepper CPA to help her identify all of the
  assets, determine their worth, and figure out
  where other assets might be hidden and what had
  happened to assets that had disappeared.

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• Once we had helped our client ascertain the full
  depth and breadth of the asset portfolio, she and
  her attorney were able to reach a fair
  settlement. This type of investigative accounting
  happens quite often during a divorce.
• Case Study 2 Using Investigative Accounting to
  Terminate Employees
• The corporate office of a fast food franchise
  noticed that a particular location filed reports
  with obvious inconsistencies. Upper management
  personnel hired us to look into those
  inconsistencies and figure out what was going on.

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• What we discovered was this Employees were
  eating a lot of food while on the job, and they
  were also taking inventory home with them.
• On top of that, those employees were either
  undercharging their friends for large orders or
  giving away food for free.
• The manager at the location had to make
  additional purchases to replace all that lost
  inventory, but total sales were obviously out of
  sync.
• By conducting interviews, both with the guilty
  parties and with other employees, we pinpointed
  the various ways in which the store was bleeding
  profits. We also identified the employees
  responsible.

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• This particular project had less to do with
  recovering damages and more to do with liability.
  The corporate office needed to prove beyond a
  shadow of a doubt who was responsible so that
  they could terminate the guilty parties without
  risking a lawsuit.
• The amount of money spent on extra unsold
  inventory wasnt significant, but the cost of the
  engagement was worth it for our client. Thanks to
  forensic accounting, they now know the warning
  signs of low-grade theft and frequent freebies.

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• Let Knoxvilles top investigative accounting firm
  handle your project.
• Its difficult to know what to do when you
  encounter fraud or financial misconduct.
• If you are concerned about these issues in your
  business or personal life, then call Culpepper
  CPA. We pride ourselves on being the best
  forensic accountants in the Knoxville area.
• We are happy to offer a free initial consultation
  to help you determine whether our services are
  needed. Please call us today at [phone].

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• Culpepper CPA in Knoxville TN is a full-service
  tax, accounting business advisory firm based in
  Knoxville. We are also specialists in forensic
  accounting in knoxville. We help our clients to
  make confident, tax-savvy decisions. Our
  accountants in knoxville TN began their careers
  in the fast-paced culture of global and national
  firms. We now believe in personalized advice and
  custom accounting solutions. If you are looking
  for CPA firms or services like investigative
  accounting in Tennessee or payroll services or
  tax preparation services, contact us today.