Question

An effective forensic accountant must have an open and honest working relationship with the engaging attorney. What are the top five keys to maintaining such relationship?

Answer 1

1)Examining the company’s accounts and financial data

a) Analyzing the resources and liabilities of a companyand

b) making sure financial records are accurate and consistent

2) Documenting financial reports:

Reviewing clients’ financial books;

analyzing profits and expenses;

balancing financial books; and

writing reports on the financial status of their clients.

3) Managing financial records, systems, and budgets.

4) Running financial audits and performing interviews to collect and verify information.

5) Attending court

6) Writing forensic reports to be used in court:

1) Preparing analytical data;

2) analyzing profits and expenses;

3) finding discrepancies; and

4) presenting findings as evidence in court