Forensic Accounting

Our forensic accounting division offers Certified Public Accountants, who audit construction projects, prepare business interruption claims, and perform fraud investigations for clients.  In addition, some of our CPAs also hold insurance adjuster licenses, which allow them to more fully understand the unique aspects of insurance and fraud claims.

Our Forensic Accounting Staff include:

• Auditors
• Certified Public Accountants
• Claims Preparation Specialists
• Business Interruption Specialists
• Fraud Examiners
• Appraisal Specialists
• Umpire Specialists

As a full service disaster reconstruction contractor, we understand the industry, terminology, contract forms, billing systems, etc.  It is this experience that allows us to more effectively audit the bills and projects of other contractors to verify accuracy.  Often times, whether through fraud or mistake, contractors bill clients or insurance carriers for work that was not part of the contract or not performed. We understand the process and know what documentation to request and review to discover any inaccuracies that may exist.  We have saved clients millions of dollars in improper charges!  Let us help you.

Additionally, our team of professionals has extensive experience in the insurance industry and can assist clients in preparing their claims and properly documenting their business interruption claims. We are often hired by insurance companies and insureds to review business interruption claims and we know the proper way to analyze, calculate and document business interruption claims.

Finally, we also assist clients in the area of fraud claims with a concentration in the area of insurance fraud.  Insurance fraud is one of the most rampant of all “white-collar” crimes facing the United States.  Insurance professionals measure its effect in billions of dollars each year.  However, insurance fraud, as a defense to an insurance claim, generally requires proof of the following elements by a preponderance of the evidence:

1. The misrepresentation or concealment of a fact material to the insurance claim or the insurer's investigation of a claim;
2. Reliance by the insurer on the misrepresentation; and
3. Damage incurred by the insurer as a direct and proximate result of the misrepresentation or concealment.

(Note: The precise elements of insurance fraud claim varies by state and you should consult an insurance attorney with respect to any claim).

Fraud examinations involve a precise methodology and involve:

• Obtaining documentary evidence
• Taking oral statements
• Writing reports
• Testifying in court as to findings
• Assisting in the detection and prevention of fraud

Fraud often happens in catastrophes, and both the insurers and the insureds can be victims.  The environment of catastrophes is a perfect environment for fraud since there are simultaneous massive volumes of large complex claims, the claimant is under extreme hardship, there is pressure to settle quickly and there is often exceptional media coverage.

Please contact us to discuss forensic accounting services and how we may be of service to you.