Numbers Never Lie: Unveiling the Power of Internal Controls

End Fraud Now! Stop Fraud in Its Tracks Through Strong Controls Internal controls are essential for ensuring operational integrity Financial reliability, and legal compliance within organizations.

Ever found $30K in 'entertainment' expenses and wondered...why so entertaining?" Business partners decided it was time to sell. But first, a valuation. Diving into the books, we stumbled upon an unusual expense spike. Entertainment' costs soaring. Curiosity piqued. A closer look revealed a recurring name: 'Stiletto'. Stiletto's wasn't a shoe brand. It was a gentlemen's club.

Ever found a Picasso in the attic? Sounds absurd, right? But in my world, it's just another Tuesday.

Ever mediated a vacuum cleaner dispute? Behind the scenes... Lawyers, laughter, and a vacuum. Sounds like a sitcom, right? Nope. It's divorce court reality.

Explore the hidden depths of financial statements where profit numbers may not always tell the full story. This episode unveils the subtle art of reading between the lines, empowering attorneys to uncover the truth behind the figures.

Explore 'The Legal Ledger' podcast, where we unravel the role of forensic accountants in legal dramas. Discover how they turn the tide in court cases, from fraud detection to dispute resolution. Quick, engaging talks for attorneys and finance buffs. Tune in for insights on making every number count in the courtroom!

Why are forensic accountants so expensive? Let me explain... Imagine you're trying to complete a massive, intricate jigsaw puzzle. This puzzle is made up of tiny pieces Each represents a financial transaction or activity. A forensic accountant is like a puzzle master Who meticulously examines, analyzes, and fits these pieces together And creates a clear picture of a person’s or company’s financial situation.

The importance of site visits in business valuation is highlighted. Site visits provide a deeper understanding of a company's operational aspects, tangible assets, and overall environment, revealing insights that financial statements alone cannot capture. They verify data accuracy, offer operational insights, assess risks, verify tangible assets, and consider environmental and locational factors. Site visits are a crucial component in achieving more accurate and reliable business valuations.

As a seasoned business valuation expert, I understand the intricate art and science of determining a company's worth. However, there are instances where aligning with a client's attorney's approach isn't straightforward. Let's delve into the reasons why I might be unable to meet a client's business valuation request in the precise way their attorney desires while keeping independence, business valuation approaches, Revenue Ruling 59-60, professional standards, and objectives in mind