Steve was engaged by the board of directors to perform an HOA forensic accounting investigation regarding cash flow shortages. Using forensic techniques, particularly data analytics, Steve determined the management company was intentionally misappropriating funds from homeowner dues, as well as self-dealing with the homeowner association’s funds. Total misappropriation was six figures.
Steve was engaged by one partner in a three-person partnership. The initial concern was the lack of formal internal controls. Utilizing the information gained through interviews and data extraction, Steve determined that a substantial amount of cash was taken from the partnership to pay the personal expenditures of the other partners. Total repayments were in excess of six figures.
During a partnership dispute, Steve was hired by both partners to review the information related to multiple partnerships held by both partners. After unwinding the complex intercompany transactions, Steve determined that one partner was utilizing partnership assets for other personal endeavors. The timeframe was in excess of 10 years. The total amount due back to the partnership, including interest approached seven figures.
Steve was engaged by the defendant’s attorney regarding lost profits. Utilizing the ‘But-for’ method, determined that the Plaintiff’s alleged actions caused a substantial impact on the defendant’s business operations, resulting in a sizable monetary difference between projected and actual results.
Plaintiff’s legal counsel engaged Steve to review possible lost wages. Plaintiff was terminated from a prior position, and through analysis of the employer’s actions, Steve calculated the lost wages. The case was settled minutes prior to deposition.
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