“Covert” forensic tools to track individuals from Dorrell and Lara
The web offers appraisers and forensic accountants a huge number of new ways to track funds, and corporate entities—and particularly individuals. Some of Darrell Dorrell’s (Financial Forensics) favorite “covert” forensic tools for finding information on individuals were presented at the recent NACVA conference in Miami. They include: www.BlackBookOnLine.info www.veromi.net www.statsoft.com http://www.fincen.gov www.zoominfo.com www.accurint.com www.knowx.com And [...]
The government may need more complete analyses from its financial experts in criminal securities fraud cases
United States v. Schiff, 2010 WL 1338141 (C. A. 3 (N.J.))(April 7, 2010) Since the U.S. Supreme Court’s decision in Dura Pharmaceuticals v. Broudo, 544 U.S. 336 (2005), federal courts have required shareholders in civil securities litigation to use financial experts to prove loss causation. That is, the plaintiffs will likely need an expert event study [...]
AICPA rates valuation and damages calculation skills as most essential for forensic accounting engagements
The AICPA’s Forensic and Valuation Services Center just released “Characteristics and Skills of the Forensic Accountant,” a report commissioned to determine the essential traits and core skills forensic accountants should possess to be effective investigators. Based on a survey of attorneys, academics and CPAs, the report results indicate economic damages calculations and valuation were two [...]
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