In a broad sense, a financial crime is defined as any type of crime that results in financial benefit to the criminal(s) involved. Financial crimes are carried out by organizations or individuals who seek economic advancement via illegal tactics. Regulatory bodies throughout the world are constantly developing new strategies to….
Tag: Forensic Accountant
While it may seem counterintuitive, small and medium sized businesses are far more exposed to the prospect of fraud than large organizations. Approximately 5 percent of annual revenue is lost to internal fraud each year, according to research from the Association of Certified Fraud Examiners (ACFE). Unfortunately, many businesses focus….
When representing a case, the attorneys have no say who they can use as a witness, as relevant witnesses are ones who were at the scene of the crime or have useful information. However, when consulting an expert witness, attorneys can choose a person with key knowledge that can help….
While every divorce is different and comes with its own challenges, there are often many extra obstacles for couples with a high net worth. On top of an emotionally and financially taxing process, high net worth couples usually have higher stakes involved, with more to gain or lose. With more….
Your divorce if over, the ink is dry on your settlement agreement or final judgement, as the case maybe. Now begins the picking up of the financial pieces. As a family, your financial status was fairly affluent. There was the large marital home, the vacation home, retirement accounts and savings/investment….
COVID-19 has presented challenges in every industry, in every country, throughout the world. As businesses and markets attempt to keep up with the inevitable and constant changes plaguing the globe, there are some clear winners and losers. Forensic accounting is one segment that is often benefitted during an economic downturn…..
Elder abuse is a serious and widespread problem in the United States. In fact, about 1 in 10 people aged 60 and above have experienced some kind of elder abuse, according to reports from the National Council on Aging. Most people think about elder abuse in terms of physical abuse….
Shareholder disputes happen in all different forms. In the simplest terms, a shareholder dispute is when there is a disagreement among shareholders or between shareholders about how the corporation is being governed or about something else involving the company’s finances, operations, or other relevant handling. Having financial stake in an….
In the United States, as well as Australia and the United Kingdom, expert witnesses are utilized in trial or deposition to lean on their opinion. Qualifications of an expert witness depend on things like education, experience, training, skills, and certification. Whether the judge looks to the expert witness to gauge….
America’s divorce rate is already about 50 percent, but what does that number look like during and after this pandemic? From quarantining together to monetary stresses, a lot of couple are struggling to survive the coronavirus with their partners. The trouble, many are saying, is that planning a divorce when….