Some of our referrals come from lawyers dealing with cases such as the above and other cases involve a potential client contacting us directly. Marital separation and divorce cases often involve our services being used to evaluate a spouse/partner statement of assets & liabilities and annual income. In most cases our client will be of the opinion that their spouse/partner is understating their assets and annual income.
We request documentary evidence from the spouse/partner by using a court order for “Discovery of documents”.
We then use our skills to forensically examine these documents and uncover any hidden assets and/or income. Where requested we appear in court as an expert witness to deliver our evidence in the case.
Business Disagreements
When Aardvark accountants are engaged by parties in business disagreements we normally act as mediators and use our skills to exhibit to the parties the best route to a resolution.This can involve the examination of the business’s books and records to evaluate where the disagreement arose and decide the best way of resolving it.
Business Fraud
When dealing with business fraud cases we are normally engaged by the business which is alleging the fraud which may be allegedly being perpetrated by one or more employee/business partners or company directors. We examine all relevant business books and records to evaluate the existence and volume of the alleged fraud. We then use our skills to identify who perpetrated the fraud and accumulate evidence to prove this. Where necessary and if requested we appear in court as an expert witness to deliver our evidence in the case.
When dealing with employment issues we act as mediators for the purpose of resolving the issues. We examine the business payroll and employment records and use our skill and knowledge of employment law determine whether the employer or employee/s hold the correct position in the dispute. Aardvark accountants then address the issue with the party who is not holding the correct position in the dispute and try to persuade them to resolve the issue.
Aardvark accountants carry our business valuations for clients for a number of reasons which include the following:-
- Sale of a business.
- Disposal of shares in a company.
- Calculation of stamp duty following company share transfers.
- Merging of two businesses.
Litigation involving claims of ownership of a business.
Aardvark accountants use our skills with calculations including ratio analysis to ascertain the financial value of the business and then establish the market value of the business. We then reconcile these two values. Where the financial value is greater that the market value we recommend a diminution in the book value of the business. Where the financial value of the business is less the market value we recommend that an intangible asset (Goodwill) be included in the business’s books.
Takeovers
When assisting with company takeovers we normally act for either the company being acquired or for the entity acquiring the company. We ascertain a value of the company shares by valuing the company. establish the value of Goodwill to be included in the value of the company which will be requested to be included in the purchase price for the company.
We laisse with both the seller and purchaser in order for them to complete the transaction at a fair value for the company’s sale. Where requested, we will prepare reports about the company’s profitability and net worth.
Mergers
When assisting with company mergers Aaradvark accountants usually act for one of the company’s involved in the merger. We evaluate whether or not both companies can operate together in a successful profitable manner. It’s our job to value the assets and liabilities in both companies and establish what shares should be transferred from one to the other. We instruct the directors of both companies what changes need to be made in the Companies Registration Office (CRO) to both company’s details registered in the CRO.
When Aardvark accountants assist with Management Buy Outs we advise management as to the value of the business they are buying out. Aardvark accountants evaluate the viability of the business which is being bought out by management. This evaluation normally involves the examination of the accounts and records of the business which is being bought out
by management. We laisse with management and the business being bought out to insure that the buy out runs smoothly and that management do not overpay for the business that they buy out.
For all Forensic Accounting questions please enquire by call 014578138 or get in touch here
