BVA provides valuation and other related financial services in support of attorneys and their clients. Among the services provided are lost profits analysis, commercial damages calculations, reasonable royalty rate assessment, personal damages calculations and marital separation, including the valuation of closely-held business interests.
Forensic Accounting and Fraud Investigation Services are required in many situations: bankruptcy, fraud, post-acquisition disputes – such as earn-out calculations or warranty breaches, securities fraud and economic damages for example.
In 2009 the American Institute of Certified Public Accountants FVS Section produced a white paper on the results of a survey of lawyers, accountants and accounting professors to understand what skills are necessary to be an effective forensic accountant. One of the most important characteristic of a forensic accountant is that he or she possesses a relevant credential. The Certified in Financial Forensics (CFF) credential (held by our Managing Director) offered by the AICPA was deemed to be as important as the Certified Fraud Examiner (CFE) credential in the performance of financial forensic work.
The traits and characteristics ranked highest by the survey group included:
- Researching a significant inventory shortfall for a retailer of construction products
- Documenting various real estate transactions to determine amounts owing between contractors
- Assisting a property management firm with unusual cash flow shortages
BVA welcomes inquiries about our services. Contact Brentmore Valuation Advisors online, email us at EdP@BrentmoreAdvisors.com, or call 860.519.5648.