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There are many scenarios in which it may be important for you to seek the help of a forensic accountant. Most commonly, a team of forensic accountants may be used to assess any economic damages and help with post-acquisition disputes. In these and other instances, the forensic accountants will be able to thoroughly investigate any financial information from a company or individual in order to ensure that they can provide an accurate assessment of any costs or damages that may have been incurred. So in what circumstances may it be necessary for you to seek the help of a forensic accountant?


Making a Personal Injury Claim

If you have been injured as a result of somebody else’s negligent actions or through no fault of your own in the past three years, then it may be possible to make a personal injury claim and secure compensation for your injuries. If this is the case, then the compensation you receive may depend on any losses you sustained as a result of your injuries. These losses can include any earnings or wages that you are not receiving as a result of being unable to work and the cost of any treatments you may require as a result of those injuries.

A forensic accountant will be able to take a detailed look into your finances and make a report on what financial losses you have faced as a result of your accident. They can then pass this information on to your solicitor as evidence in your personal injury claim – as well as being used as an expert witness to provide testimony in your case and ensure that you have the best chance of achieving the maximum compensation you are entitled to.

Seeking Experienced Professionals During a Divorce

Getting a divorce can be an extremely emotional process, and it is important that you do not let your emotions get in the way of your financial future. There are many reasons for which a financial accountant may be of use to you when entering into a divorce, including investigating your finances and making sure you have the best chance of achieving a settlement you feel is fair. If you or your spouse own a business, then it is sometimes easy to hide monies within the business, and this is something that a forensic accountant will be able to investigate on your behalf.

The Forensic Accountant's Role in Relation to Civil Fraud

If you suspect fraud within your business, then it is important that you seek the expertise of experienced professionals who will be able to investigate your concerns. Due to the increased reliance on electronic communications, fraud is on the rise, and many victims may not be aware that they may have grounds to pursue civil proceedings. Companies such as www.frenkels.com, a team of London forensic accountants, deal with fraud-related matters on a regular basis and will be happy to provide you with any information you require related to your situation and how they can help you.

So if you feel that you could benefit from the help of a forensic accountant for any reason, then please research your options thoroughly before you decide on an organisation to work with and ensure that they have the necessary expertise, skills, and references to be able to provide you with the assistance that you need.

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