When reviewing financial statements, always make sure the financial statements correlate with the underlying books and records of the business. There are certain general financial abuses you should be looking for such as the duplicate processing of income or expenses; the recording and reporting of transactions before they occur; the shifting of current income or expenses to a later or earlier period; whether profits or losses are the results of non-recurring transactions; whether income is being assigned to business partners, family members and/or close, personal friends; and whether there are income timing differences due to accrual versus cash basis of accounting. This white paper reviews these key items to look for and discusses expenses, liabilities and tax credits that may identify undisclosed assets.
Practice emphasizes all aspects of business valuation, forensic accounting, and mediation
Certified Public Accountant who is qualified as a financial expert to value businesses, determine net income, and complete financial investigations
Conducts regular seminars and workshops and has spoken nationally to the Association of Fraud Examiners, the Federal Bureau of Investigation, AAML, and the American Society of Appraisers
Author of several publications about business valuation, forensic accounting, and child custody issues, along with the textbook Accounting for Divorce
Featured in Fortune Magazine, Newsweek, and on the Sky Radio Network as one of America’s Premier Lawyers; only person in the country who is a fellow of the American Academy of Matrimonial Lawyers; Senior Appraiser with the American Society of Appraisers; Accredited Business Valuator with AICPA and a Certified Fraud Examiner; named a LexisNexis Martindale-Hubbell AV-rated attorney and an Illinois Super Lawyer as well as a Top-10 collaborative attorney in Illinois
Fellow of the Collaborative Law Institute of Illinois and a member of the International Academy of Collaborative Professionals and is exceptionally qualified to encourage the collaborative process from a multidisciplinary perspective