The Essential Skills of a Forensic Accountant: How They Differ from Tax and Business Accounting

When it comes to unraveling complex financial mysteries, not all accountants are created equal. Forensic accounting stands apart as a specialized discipline that requires a unique blend of technical expertise, analytical skills, and investigative prowess. But what exactly sets a forensic accountant apart from a tax or business accountant, and why should you consider hiring one? Let’s delve into the essential skills of a forensic accountant and how their role differs from other types of accountants. [Read more…]

Valuation Perspectives: Valuation vs. Calculation – What is the difference?

Certified Public Accountants who provide business valuation services can offer a valuation engagement or a calculation engagement as defined by the statement on standards for valuation services no.1 (SSVS No.1) issued by the American Institute of Certified Public Accountants (AICPA). All members of the AICPA who provide business valuation services are required to follow this standard. [Read more…]