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Forensic and Investigative Accounting

Adam J. Goode CPA , Thomas Pratt CPA, ABV, CFF, CVA

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

Forensic accounting engagements often involve actual or anticipated disputes and the investigation of accounting and financial issues. Investigations include suspicions or allegations of fraud, asset misappropriation, waste, mismanagement or misuse of funds, or white-collar crime. Our clients are companies, boards of directors, creditors, investors and other parties that are potentially impacted by the transactions or issues involved.

Schneider Downs’ forensic accounting professionals include Certified Fraud Examiners (CFEs) and those who are Certified in Financial Forensics (CFFs) – individuals who are experienced at analyzing, interpreting and presenting complex financial issues in a clear and usable format. Forums have included courts, arbitration panels, investigative agencies, law enforcement, and regulatory bodies.

Examples of the forensic accounting investigations in which we have participated include:

  • Fraud and asset misappropriation schemes involving bookkeepers, controllers, managers and executives
  • Use of construction loan proceeds by developers
  • Allegations of fraud, waste and fair dealings in the operation of a business
  • Analysis of Ponzi schemes
  • Public corruption and misuse of funds
  • Misuse of funds by a fiduciary
  • Reconstruction of sources and uses of restricted funds and grants
  • Examination of related-party transactions as a part of bankruptcy
  • Internal investigations or disputes
  • Analysis of investor fund usage
  • Investigations of the financial condition of businesses on behalf of lenders and investors

By understanding our clients’ objectives and circumstances, our specialists are able to quantify the impact and potential losses incurred, and design and implement internal accounting and management controls for loss prevention and risk management.

Forensic and Investigative Accounting Resources

About Schneider Downs Business Advisory

The Schneider Downs Business Advisory group is experienced in handling business interruption matters with forensic accounting professionals and litigation support specialists. Additionally, our Business Advisory group managed our research and consulting work on the Paycheck Protection Program (PPP), so the team is uniquely qualified to prepare potential claims related to losses from COVID-19.

Learn more about our Business Advisory Services or contact us for more information.

Learn how we’ve Solved Big Problems For our clients

Big Problem: Company Impacted By Ransomware.

Big Thinking: Restore System On-site And Avoid Six-figure Ransom.

Read Case Study

Big Problem: Inefficient Tax Credit Realization.

Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.

Read Case Study
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