The Role of a Forensic Accountant in Property Division
If you’ve ever heard the term forensic accountant, you may or may not understand exactly what their job responsibilities are. While they do not solve murders by poring over their clients’ bank records, their job is important in uncovering financial crimes or discovering hidden records and transactions. Forensic accountants use their auditing, accounting, and investigative skills to discover things within financial records that just don’t seem right.
In corporate law, forensic accountants are used to find embezzlement, fraud, and other white color crimes. They prepare detailed reports of their findings for use in investigations, litigation, testimony, and as evidence. Forensic accountants in family law, however, play a slightly different role. Family law attorneys typically bring in forensic accountants in high-asset divorce cases when one spouse suspects the other may be hiding assets.