Forensic Accounting Services

Forensic accounting is the science of seeing behind the numbers to ferret-out fraud, financial misstatement, embezzlement and other acts hidden in, or missing from, the financial records of an organization. It is sometimes referred to as financial forensics or forensic auditing.

Balog + Tamburri CPAs’ forensic accounting services provides the experience, knowledge and professionalism bring to provide a clear understanding of the current situation.

 Read more about Forensic Accounting below

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Overview of our Forensic Accounting Services

Every organization will face the need to explore whether they have been the victim of fraud or financial misconduct. Occasionally, you may need to explore whether fraud or misconduct has occurred, such as employee theft of property or inventory, misappropriation of funds by employees, kickbacks to employees from outside businesses, securities fraud, and insurance fraud.

Balog + Tamburri CPAs’ forensic accounting services provides the experience, knowledge and professionalism bring to provide a clear understanding of the current situation.

Our seasoned team of CPA’s, forensic accountants, legal professionals, and criminal investigators brings you over 30 years of hands-on forensic accounting experience to ensure the thorough investigation of every potential avenue. In addition, we combine the review of your internal control structure in every forensic examination to identify other areas of potential fraud. We help close the gate before the horse if gone.

Disputes can range from business-related litigation to marital dissolution. We handle both litigation support and investigative accounting.

As part of any forensic accounting engagement, we:

  • Gain a complete understanding of the situation and provide potential courses of action
  • Work with you and your legal team in assistance with both the protection and recovery of assets
  • Work cooperatively with your legal team, private investigators, and others to ensure a successful and equitable outcome of any civil or criminal litigation

The seasoned forensic accountants of Balog + Tamburri, CPA’s can provide:

  • Employee Theft Investigations
  • Forensic Accounting – Loss Determination
  • Litigation Support
  • Creating the “Fraud Resistant Company”
  • Fraud Vulnerability Assessments
  • Expert witness testimony
  • Assistance in the preparation for all other financial aspects of settlement proceedings and trials.

How Balog + Tamburri Can Help

The CPA’s and Certified Forensic Accountants at Balog + Tamburri, CPA’s brings over 30 year of hands-on forensic accounting experience. We have a long history of providing a wide range of professional, confidential forensic accounting services to organizations just like yours. Consider the following questions:

  • Are you concerned that you or your business might be the victim of fraud, embezzlement or theft?
  • Are your financial indicators suggesting the need for a forensic examination of your financial information to uncover suspected fraud, abuse or financial misconduct?
  • Are you considering a potential acquisition and are concerned about the potential for fraudulent financial statements or financial irregularities?
  • Are you involved in litigation and require an expert witness to testify on your behalf?

If so, you need the support of a seasoned forensic accountant that has the training and experience to find the facts.

%

Average Lost Revenue

A recent report from a national forensic accounting association showed that the average company loses in excess of 5% of revenues to fraud each year.

Marital Dissolution & Litigation Support Services

Balog + Tamburri CPAs’ forensic accounting services provides the experience, knowledge and professionalism bring to provide a clear understanding of the current situation.  As part of any forensic accounting engagement, we gain a complete understanding of the situation and provide potential courses of action.

Balog + Tamburri will work with you and your legal team in assistance with both the protection and recovery of assets. In addition, we work cooperatively with your legal team, private investigators, and others to ensure a successful and equitable outcome of any civil or criminal litigation

Our Forensic Accountants have the experience to assist in:

  • Marital Dissolutions
  • Company Valuations
  • Civil Litigation
  • Trust/Estate Probate Disputes
  • Assessment of loss of profit and earnings claims
  • Asset misappropriation
  • Economic loss recovery suits

The forensic accountants at Balog + Tamburri, CPA’s also assist your legal team in providing services related to current or pending litigation.

Our team have the forensic accounting experience to:

  • assist in discovery and in obtaining the appropriate documentation to support or refute a claim
  • perform a forensic examination of the documentation provided to form an accurate assessment of the case
  • quantify the damages factual relevancy of reports provided by the opposing expert
  • assist with settlement discussions and negotiation

Sample Engagements

Business / Employee Fraud Investigations

The investigation of employee fraud often requires a determination of the extent of the fraud. It may or may not include the identification of a perpetrator.  Many times, such assignments necessitate interviews of staff who had access to the funds.

Insurance Claims

Because insurance policies vary greatly in their terms and conditions, such engagements require a thorough policy review to determine the appropriate method of figuring the loss. A forensic accountant can assist from either the insured or the insurer’s standpoint.

Business Economic Losses

These kinds of engagements include contract disputes, construction claims, expropriations, product liability claims, trademark and patent infringements, and losses stemming from an alleged breach of a non-compete agreement.

Disputes Among Shareholders or Partners

The compensation and benefits given to each of the shareholders or partners is one of the more common issues in these cases.

Personal Injury Claims / Motor Vehicle Accidents

When economic losses from a personal injury or vehicular accident are in question, the need for an experienced forensic accountant is critical.

Matrimonial Disputes

Usually, when a dispute of this nature arises, forensic accountants must locate and evaluate the disputed assets, be they  businesses, property, or fiduciary.

Creating the Fraud Resistant Organization®

Winston Churchill once said, “Civilizations that forget their past are doomed to repeat it.”

A recently completed national study revealed that employees, customers and suppliers, steal over 5% of the average U.S.-Based company’s revenues. In these economic times, is it more critical than ever for senior corporate officers to embrace the concept of the Fraud Resistant Organization®.

While no organization or consultant can create a “fraud-proof” company, the forensic accounting professionals at Balog + Tamburri, CPAs can assist you build the right infrastructure that makes fraudulent acts extremely difficult.

We also show you how to establish an Early Warning System of Red Flags for early detection. While you cannot prevent a creative embezzler from stealing form you once, you can keep it from happening twice! Remember, in the world of Forensic Accounting, we believe that “Pigs get fat, Hogs get slaughtered!”.

By a combination of basic, consistent business planning, effective forecasting, a structured system of operational procedures, and diligent forensic accounting of the results, it is relatively easy to create a corporate culture and environment that significantly reduces the potential of a devastating loss. The objective is to make your accounting and operational systems a crook’s worst nightmare!

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Give Us a Call  1-833-FLAGACPA

If you think you have reason to be concerned about financial misconduct, please call us today. We are happy to offer a free initial consultation to help you determine whether our services are needed.

About Balog + Tamburri

About Balog + Tamburri

Broad knowledge base in audit, accounting, tax, and financial management

While many CPAs talk about serving clients, we do more than that. Our professionals act as the catalyst that help make things happen. Our 30+ years experience allows us to create solutions to the challenges you face today while always keeping our eye on the future. As you strive to move your business to the next level, we hope you will think of Balog + Tamburri CPA’s as your Virtual CFO.

Balog + Tamburri establishes relationships

Relationships and ideas don’t grow by chance – they flourish as a result of hard work and mindful nurturing. Balog + Tamburri CPA’s strive to create an environment where professional relationships can prosper together. We work with your “circle of experts,” including your staff, attorneys, bankers, and financial advisors.

The relationship with your advisor is the key to financial success

Legislative and economic changes are inevitable and unavoidably tied to our personal, business, and financial lives. Now, more than ever, it is critical to have a Firm like Balog + Tamburri CPA’s to bring clarity to complicated rules, innovation to help eliminate tax traps and the experience to help you do what you do best – grow your business and profits.

All client matters are handled with the strictest confidence and the highest ethical standards. Ethics remain the core of who we are.

Contact Us

Balog + Tamburri is committed to be more than your typical CPA Firm. Our Partners are always available to speak with you. Please feel free to call us direct.

Richard T. Balog, CPA/CFF, Managing Partner, 904-945-1220

Rob Tamburri, CPA/PFS, Managing Partner – Georgia, 770-804-6403

Kate Balog, Principal, 904-699-0128

Please feel free to contact us to assist you in any way. Balog + Tamburri CPA’s currently has offices in Florida and Georgia

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St. Augustine Office

Balog + Tamburri, CPAs
309 Kingsley Lake Drive, Suite 904
St Augustine FL 32092

 

Phone: 904-671-7098
FAX: 904-292-0826

Jacksonville Office

Balog + Tamburri, CPAs
4221 Clearwater Lane
Suite 200
Jacksonville, FL 32223

Phone: 833-354-2272
FAX: 904-292-0826

Atlanta Office

Balog + Tamburri, CPAs
Five Concourse Parkway
Suite 3000
Atlanta, GA 30328

Phone: 770-804-6403
FAX: 770-804-6404

Balog + Tamburri, CPAs