Get the Assistance of Skilled Forensic AccountantsPalma Financial Consulting can assist your law firm by providing you with the support and documentation you need for your case. We help your firm understand the financial, tax and accounting issues with your case – and we can provide the analysis and documentation needed.
Our assessments have helped countless attorneys gather the information they need to determine:
- Business losses
- Potential damages
- Accounts and hidden assets
Occupational Fraud ServicesPFC also offers occupational fraud investigations for litigation and employment disputes. We offer asset misappropriations, financial statement fraud and corruption accounting. While asset misappropriations fraud cases are the most common, some companies find they are facing multiple types of occupational fraud issues. Our team of experts can help sift through investigative tips and we can assist your company with implementing an anti-fraud control system to reduce costs and detection in the future.
Financial Statement FraudFinancial statement fraud is a growing concern in the United States. This fraudulent activity involves deliberately misrepresenting, omitting or misstating financial statement data for the direct purpose of creating a false impression. This is often done to make a company’s financial strength look stronger than it actually is. Some public and private businesses are guilty of these practices, and often commit this type of fraud to secure investor interests, obtain bank financing or just as a way to justify executive bonuses and increased salaries to shareholders.
Financial statement fraud falls into multiple categories, including:
- Improper revenue recognition
- Management override of internal controls
- Manipulation of liabilities
- Manipulation of expenses
- Improper disclosures on financial statements
- Overstating assets