The Need for Forensic Accountants in Divorce. In a divorce case, the accountant aims to reveal a spouse’s financial information to ensure property valuation and division in the case are fairly split. The forensic accountant digs deeper to look for hidden assets and inconsistencies between claims and financial records.

How much do forensic accountants charge?

We usually see a range of $2,500 to $6,000, which is dependent upon each case and the complexity of the specifics involved. The good news – a lot of times, they end up saving the client time and money, as their work oftentimes eliminates the need for unnecessary court litigation or trial.

How do I find hidden accounts in a divorce?

How to find hidden bank accounts

1. Hire a reputable divorce attorney who is knowledgeable about finding hidden assets.
2. With the help of an attorney, you can subpoena many valuable records, including employment records, bank statements, loan applications and other account records.

What powers does a forensic accountant have?

As a forensic accountant, your duties will include:

• extracting data from financial records.
• creating and manipulating spreadsheets.
• performing forensic research to trace funds and identify assets for recovery.
• conducting forensic analysis of financial data.
• preparing forensic accounting reports from financial findings.

Can a forensic accountant find hidden cash?

To uncover hidden assets, forensic accountants examine a variety of documents, including tax returns, bank records, real estate records, insurance policies and court filings. Loan applications, employment applications and credit reports also may yield valuable clues about the value and location of a person’s wealth.

When to hire a forensic accountant for a divorce?

You need to hire the right person to do the financial work, and that person would be a trained divorce forensic accountant. If two wage earners with W-2s are involved in a case, it’s possible that a forensic accountant may be overkill if support is the only issue.

Who is the best forensic accountant for family law?

A forensic accountant can assist you with making an informed decision regarding the financial issues in your mediation. If you believe your family law matter might need the assistance of a forensic accountant, please contact Zonder Family Law to arrange your Strategy Session.

Who is a forensic accountant in Orange County?

All rights reserved. About the Author: Saul Gordon is the owner of SGI Consulting, a forensic accounting and consulting firm located in Newport Beach, Orange County, California. He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Internal Auditor.

Can a forensic accountant help in a mediation?

The overriding goal of mediation is to settle outside of court. A family law settlement is only as good as the information upon which it is based. A forensic accountant can assist you with making an informed decision regarding the financial issues in your mediation.