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Whether confirming suspicions of fraud or identifying potential risks, effective forensic accounting demands skilled professionals experienced in all facets of fraud detection and prevention. |
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Litigation Consulting - Investigation Prior to Suit
• Cost/benefit analysis
• Economic substance of transaction
• Application of accounting standards
Discovery
•Document production requests
• Market/industry assessments
• Trend analysis
• Forensic accounting
• Financial record reconstruction
• Pro-forma financial statements
Settlement Negotiations
• Analysis of opponents’ proposals
• Assistance in preparation of counter proposals
• Analysis of business implications and tax ramifications
During Trial
• Expert witness testimony
• Evaluating financial evidence
• Assistance with cross-examination
• Preparing trial exhibits
Other Areas
• Calculation of economic damages
• Investigation of alleged fiscal improprieties
• Monitoring construction and government contracts
• Asset tracing and recovery
• Preparation of employee defalcation and other insurance claims
• Assistance resolving owner disputes
Fraud Prevention Assistance
• Manage fraud risks
• Evaluation of control environment
• Analysis and evaluation of processes and procedures
• Recognition of motivating factors for fraud
• Strengthening controls over assets susceptible to misappropriation
• Pre-emptive fraud prevention measures
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Embezzlement, bribery, conflicts of interest or other forms of financial fraud are a significant cost to businesses. At Margolin, Winer & Evens LLP, our Litigation Consulting Practice Group has specialized expertise in forensic accounting and fraud prevention assistance.
Forensic accounting focuses on looking behind the numbers to determine how and why the fraud was committed. Fraud prevention assistance is the process of evaluating the controls, procedures and policies that are in place in order to minimize the likelihood of fraud occurring in an organization.
MWE’s highly skilled litigation professionals have the experience and capabilities to validate suspicions, identify areas of risk and rectify problem areas.
Litigation Consulting
Business owners, governmental organizations and today's most successful law firms call on our Litigation Consulting Practice Group for our specialized expertise and understanding of the legal arena and the intricacies of litigation. We are experienced in delivering results under the unforgiving pressures of the litigation environment. Whether as consultants providing timely and thorough analysis, or as expert witnesses testifying on complex issues, we infuse a case with expertise and solid support. As appropriate, we are able to provide strong support to subsequent prosecution and/or civil litigation.
We provide the full spectrum of services at each phase of litigation including:
Investigation Prior to Suit - performing cost/benefit analyses; explaining the economic substance of a particular transaction, scheme, or course of conduct; and explaining the accounting standards applicable to the issues at hand.
Discovery - formulating comprehensive and specific requests for document production; assessing market or industry characteristics and performing trend analyses; performing investigatory (forensic) accounting procedures, reconstructing financial records, and developing pro-forma financial statements.
Settlement Negotiations - analyzing proposals presented by opposition and preparing counter proposals; performing analyses of short and long-term business implications and tax ramifications.
During Trial - providing expert witness testimony; evaluating and analyzing financial evidence presented by opposition; suggesting effective lines of cross-examination; and preparing and analyzing trial exhibits.
Examples of areas in which our forensic accounting expertise has proven invaluable include:
•Calculation of actual damages in class action, intellectual property and other complex claims litigation
•Investigation of alleged fiscal improprieties
•Monitoring construction projects and government contracts
•Asset tracing and recovery
•Preparation of complex employee defalcation and other insurance claims
•Assistance in resolving disputes between the owners of a business
Fraud Prevention Assistance
As a business owner, your focus should be to grow and run the business. Any time you spend worrying about potential theft or fraud occurring in your business diverts valuable resources from your mission. In addition, a major fraud can have a significant financial impact on your business and damage your reputation permanently. The Fraud Risk Evaluations we conduct at MWE are designed to help you identify and manage your fraud risks. We look at factors such as:
•The extent an organization has established a process for oversight of fraud risk
•The assignment of responsibility for managing fraud risk to a member of senior management
•Processes and controls in place to reduce the likelihood of fraud
•Motivating factors for fraud
•Assets susceptible to misappropriation.
Our staff is trained to recognize and evaluate the above factors, and we perform our work with a healthy degree of professional skepticism. By preventing a fraud before it occurs, you could significantly reduce the risk of loss to your company, and a strong fraud prevention program could help increase the confidence outside users have in the integrity of your organization’s financial reports.
At MWE we use forensic accounting techniques to provide you with the highest quality service and the peace of mind you need to grow your business.
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