Forensic Accounting

“The world is full of obvious things which nobody by any chance ever observes.”

Sir Arthur Conan Doyle

“What one man can invent another can discover.”

Sir Arthur Conan Doyle

At Valuation Forensics, LLC, we offer our clients a comprehensive range of forensic accounting and investigative services for use in their litigation. These services and investigative techniques have been developed through years of experience performing forensic accounting investigations and advanced education and training within the fields of forensic accounting and fraud investigation. Lee D. Sanderson, CPA, ABV, CFF, CVA, MST is Certified in Financial Forensics by the American Institute of Certified Public Accountants, has attended the Financial Forensics Academy to study investigative techniques and methodology, is a member of the Association of Certified Fraud Examiners, and has previously been appointed directly by the Probate Court as the Court’s Independent Forensic Accounting Expert.

In our opinion, effective forensic accounting first requires careful planning to ensure that the procedures performed are highly targeted and customized to the goals of the engagement. Proper planning at the beginning of an engagement allows us to focus our efforts and determine a course of action unique to your case. For example, it is important to our process not only to determine the documents to analyze but also to determine the documents not to analyze. In this way we are able to be more efficient with our time resulting in cost savings to our clients.  Bottom line – our goal is to target the areas with the highest probability of importance.

We have a diverse variety of tools and techniques at our disposal and may utilize technology, statistical models and/or other procedures to enhance our investigations. Our forensic accounting procedures are used by attorneys in a number of ways: One way being in connection with our business valuation services to determine the true value of a business for property division purposes or for damages. Another way is as a separate engagement to discover hidden income, hidden assets or indications of fraud.

While we cannot disclose all of our investigative procedures on this website as many are proprietary, or could compromise your case, the following is a partial list of our wide range of investigative services:

  • Investigative procedures relating to determining unreported income
  • Investigative procedures relating to determining hidden assets
  • Investigative procedures designed to identify indications of tax fraud
  • Analysis of trusts and estates to determine assets for property division, dissipation of assets, and income available from the entities.
  • Tracing analysis to determine the destination of funds
  • Tracing analysis to determine the dissipation of assets
  • Investigation into cash businesses to determine actual cash flow
  • Lifestyle analysis for divorce purposes to determine income based on lifestyle expenditures.
  • Computer forensics designed to uncover hidden data
  • Computer forensics designed to recover deleted data
  • Imaging of computer hard drives for investigative analysis
  • Consultations with law firms regarding document requests and deposition questions in connection with fraud investigations.

The conclusion of our investigation typically results in a Forensic Accounting Report detailing our procedures and findings. Lee D. Sanderson, CPA, ABV, CFF, CVA, MST is available to provide expert testimony relating to these findings.