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Forensic accounting is a specialised area of accountancy and at McMahon & Co Accountants Kildare we provide accounting skills in civil and criminal cases but also non-legal related investigations.
Our experience in forensic accounting and our professional approach play an important part in establishing the facts and key issues in an investigation. The combination of our forensic accounting skills and our experience collaborating with legal advisers both enhance the chances of a successful conclusion to the legal process for recovery of assets or compensation.
We use our professional expertise in assignments involving, but not limited to:
- Calculation of loss of economic benefit
- Financial investigations
- Asset tracing
- Valuations, and
- Dispute resolution
At McMahon & Co Forensic Accountants our skills range from business knowledge, interpreting financial information, specific industry knowledge, legislation, accounting standards and maintaining independence. Also as forensic accountants we also posses more specific skills such as information gathering, attention to detail, information preservation, investigating potential fraud, dispute resolution, issues arising in family law and understanding legal processes, to name but a few.
These skills ensure that we can advise our clients on the most appropriate approach to financial matters, what information is required, the consequences of certain actions and ultimately produce a report to the client or, if required, the courts.
Where the client requires a report for court, that report is independent and outlines the facts of the case and given those facts the forensic accountants develops his/her own opinion on the subject in dispute. In these circumstances the forensic accountant can act as an expert witness to the court.