Due diligence is key when buying or merging with another business. Today, many M&A deals involve companies that were disrupted by the pandemic, as well as those that have been adversely affected by recent supply chain shortages and geopolitical issues. Not only is it important to vet the seller’s financial statements, projections and representations for errors and exaggerations, but buyers need to look for potential signs of fraud ..read more

Background Wind power is one of the fastest growing energy sources in the world providing an infinite resource to generate electricity without polluting the air.  In the United States, wind turbines represent the largest source of renewable power and account for over 10% of utility-scale electricity generation (20221 ..read more

What does actual loss sustained mean?  This can be a complicated question and the answer involves insuring agreement consideration for which accountants are not engaged to perform.  However, as accountants, we are tasked with evaluating if there was an actual loss sustained.  Therefore, from an accounting perspective, we have extensive experience with the actual loss sustained concept and Business Interruption loss measurement.  In this article we discuss the concept of actual loss sustained and provide two case studies to review the topic ..read more

With a median loss of $800,000, financial statement frauds are the costliest type of white-collar crime, according to the 2018 Report to the Nations by the Association of Certified Fraud Examiners (ACFE). Fortunately, auditors and forensic accountants may be able to detect financial misstatement by testing journal entries for errors and irregularities. Here’s what they look for and how these tests work ..read more

One of the most effective weapons in a forensic accountant’s arsenal is lifestyle analysis. This article talks about how experts seeking hidden assets and income sources conduct such analysis. It discusses several techniques, including the bank deposits, expenditures and asset methods.  ..read more

When calculating economic damages, financial experts must discount lost profits to their net present value. But what discount rate is appropriate? The answer depends on market conditions and the risk of the business or product. A small difference in the discount rate can have a big impact on an expert’s conclusion, so it’s important to get it right.  ..read more