Forensic Audits
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A forensic audit investigates financial records to detect fraud, embezzlement, asset misappropriation, financial statement manipulation, and other illegal activity. Forensic audits are used in litigation, divorce proceedings, partnership disputes, insurance claims, and regulatory investigations. Bookkeeping and Accounting of Florida has performed CPA-led forensic audit engagements for Jacksonville-area clients since 2009, with our team holding CFF (Certified in Financial Forensics) credentials.
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Forensic Audit Engagements We Handle:
- Employee embezzlement and internal theft
- Vendor fraud and billing scheme investigations
- Financial statement misrepresentation
- Partner and shareholder disputes
- Divorce-related asset tracing
- Insurance claim verification
- Business interruption claims
- Expert witness and litigation support
- Regulatory investigation support
Our Forensic Credentials:
Our forensic audit team holds the CFF (Certified in Financial Forensics) designation issued by the AICPA, in addition to CPA licensure. The CFF credential is awarded to CPAs who demonstrate expertise in forensic accounting, including fraud prevention, litigation support, and financial investigations.
How a Forensic Audit Works:
Our process begins with a confidential consultation to understand the scope of the engagement. We then collect and analyze financial records, identify irregularities, document findings, and deliver a detailed report. When required, our CPAs are available to provide expert witness testimony in legal proceedings.
Why Choose a CFF-Credentialed Forensic Accountant:
Not all CPAs are qualified to perform forensic audits. The CFF designation ensures your forensic accountant has specialized training in fraud detection, evidence gathering, and litigation support — beyond standard accounting practice. When financial misconduct is suspected, credentials matter.
Frequently Asked Questions
What is a forensic audit?
A forensic audit is a detailed investigation of financial records to detect fraud, embezzlement, asset misappropriation, financial statement manipulation, or other illegal activity. The findings are documented in a formal report that can be used in legal proceedings.
How is a forensic audit different from a regular audit?
A regular audit verifies that financial statements are accurate and comply with accounting standards. A forensic audit goes further — it investigates suspected wrongdoing, traces assets, and produces findings admissible in court. Forensic auditors require specialized credentials beyond standard CPA licensure.
When does a business need a forensic auditor?
Common situations include suspected employee theft or embezzlement, vendor fraud, financial statement misrepresentation, partner or shareholder disputes, divorce proceedings involving business assets, insurance claims, and regulatory investigations.
Can a forensic audit be used in court?
Yes. Our forensic audit reports are prepared to evidentiary standards and our CPAs are available to provide expert witness testimony in civil and criminal legal proceedings.
What credentials do your forensic auditors hold?
Our forensic audit team holds the CFF (Certified in Financial Forensics) designation issued by the AICPA, in addition to CPA licensure. The CFF credential certifies specialized expertise in fraud prevention, litigation support, and financial investigations.
How long does a forensic audit take?
The timeline depends on the complexity and scope of the engagement. Simple investigations may take a few weeks. Complex multi-year fraud cases or litigation support engagements may take several months. We provide a timeline estimate at the start of every engagement.
How much does a forensic audit cost in Jacksonville?
Forensic audit costs vary significantly based on scope and complexity. We offer confidential consultations to assess your situation and provide a cost estimate. Contact us at 904-333-1041.
Do you work with attorneys on litigation matters?
Yes. We regularly work alongside attorneys on fraud investigations, divorce asset tracing, partnership disputes, and other litigation matters requiring financial expertise and expert witness testimony.
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