Forensic Accounting
Cendrowski Corporate Advisors' forensic accounting services are designed to provide essential information not only to attorneys in litigation settings, but also to company managers in non-litigation settings.
Forensic accounting is the process of reconstructing financial records and retelling events that transpired from the residual transaction documentation. "Forensic" means "relating to or appropriate for a court of law." As such, it is natural that many professionals would believe forensic accounting services are applicable only in a litigation setting. However, the rigorous financial analysis and documentation methods of forensic accounting can be useful to management and company ownership in non-litigation settings as well. CCA believes our forensic accounting services assist firms in deterring fraud and implementing state-of-the-art internal control procedures. Our services allow organizations to identify and analyze accounting procedures and record-keeping methods. We seek to identify potential problems or issues with accounting transactions.
Examples of our forensic accounting services for companies include:
- Procurement Reviews - Industry surveys frequently highlight the risks of inappropriate vendor charges, especially in an outsource environment, and note that company diligence and oversight is essential for success. Analysis of the purchasing and payable records can validate the amounts paid to the vendors, including compliance with contracts and correct billing quantities.
- Tenant/Landlord Lease Verifications - Leases frequently contain provisions governing performance and charges. Validation of these contracts can help ensure that all provisions are met and charges made at negotiated levels.
- Business Process Recovery - Unfortunately, incidents sometimes happen that can result in the loss of part or all of the records of a business. Records may be able to be reconstructed through the examination of partial remaining records and transactional records maintained at vendor, customer, and other locations.
