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Forensic Accounting: When Do You Need It?
“Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold.” — Leo Tolstoy
Most matrimonial attorneys have heard a client, typically the “out-spouse” in a marriage with a business interest, say, “The books are cooked,” or “Personal expenses are being paid by the business,” or “The accounting records are fiction.” Failing to probe these issues may cost your client a lot of money when the asset division takes place, and may leave him or her dissatisfied with your representation.
Adding a forensic accountant to the team, under the right circumstances, can make a lot of sense. You have to weigh several factors. Your decision to hire a forensic accountant is good if you have critical financial issues to be resolved, but if you hire a forensic accountant to simply chase a client's dream, you will likely end up with a big expense and little to show for the effort.
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