Collusion in auditing occurs when two or more individuals or entities conspire to circumvent internal controls, manipulate financial records, or hide fraudulent activities. It poses a significant challenge to auditors, as collusion can render even the most robust auditing processes ineffective. This is because the coordination among perpetrators often includes falsifying documents, suppressing information, orContinue reading “Exposing Collusion: How Forensic Accounting Uncovers Hidden Fraud and Protects Your Business”
Category Archives: Certified Public Accountant
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 hiringContinue reading “The Essential Skills of a Forensic Accountant: How They Differ from Tax and Business Accounting”
What Is the Difference in All the Various Valuator Credentials?
Okay, you’ve seen the professional designations such as CPA, CVA, AVA, ABV, ASA, CBA, CFFA and so on. But WHAT ARE ALL OF THESE DESIGNATIONS? Isn’t just a regular CPA all one needs in a matter of valuation or forensic accounting?
Should Certified Valuation Analysts Be Engaged Only for Valuations?
Certified Valuation Analysts (CVAs) are Certified Public Accountants who have obtained special training in financial analysis as well as business valuation theory, practice and reporting.
How and Why to Get a Regular Business Valuation
Making it a point to get a regular, objective, and comprehensive valuation for your business is one of the most overlooked tasks of owning a business. Many business owners assume that they only need a valuation if they are planning on selling or retiring in the near future. But the reality is that the timeContinue reading “How and Why to Get a Regular Business Valuation”
What’s the Difference Between an Expert Consultant and Expert Witness?
As an expert consultant, the CPA/CVA/CFE is engaged to develop information that will be used by the attorney in a variety of ways, including settlement negotiations with the opposing side. In these instances, the CPA/CVA/CFE is usually not expected to testify or to develop an opinion that will be entered in to the court records.
Forensic Considerations In Divorce
When representations made by an opposing spouse appear questionable, a CPA/CVA/CFE may be engaged to test the financial representations by performing forensic procedures. For example, a family incurs annual living expenses of $90,000 and the earner spouse claims to make only $40,000 per year.
Improving Financial Discovery Can Lead To Improved Financial Outcomes
Complete financial information provided to a financial expert can lead to more credible work product produced by the expert. Unfortunately, many attorneys bring the CPA/CVA into the picture too late in the case!
The Attorney/Valuator Partnership in Divorce Cases
Equitable distribution in divorce causes the need for emphasis to be placed upon the economic aspects of marriage. This includes the valuation and division of marital property, as well as any resulting tax consequences. This economic emphasis in divorce proceedings
What Is a Certified Valuation Analyst?
A Certified Valuation Analyst (CVA) is a Certified Public Accountant (CPA) who has completed specialized advanced training in business valuations, and who has also completeda comprehensive examination, case study, and submitted a complete written valuation report to examiners. CVAs are CPAs who
Janicek Valuation & Forensic Services, PLLC 