Sequence Blog
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Commentary on fraud, scams, scandals, and court cases. Tracy Coenen is a forensic accountant and fraud investigator specializing in corporate fraud, litigation, and lifestyle analysis for divorce cases.
Sequence Blog
2d ago
How to terrify just about anyone: Tell them their taxes are being audited. Even worse: When their books and records are a mess. (Or maybe even non-existent.) Every number could be scrutinized. That means documentation must be produced to support the amount of each expense and the business purpose of the item. Some of us ..read more
Sequence Blog
1w ago
Tracy talks with Miles Mason, JD, CPA about some of the common financial lies told by spouses during divorce ..read more
Sequence Blog
1w ago
Even with all of the publicity surrounding the issue of financial fraud in the last couple of decades, most auditors, investors and other professionals still do not “get it” when it comes to detecting fraud. Traditional financial statement audits were never designed to detect fraud. The audit is simply a process by which auditors check ..read more
Sequence Blog
3w ago
Spousal support and child support are most heavily influenced by the earnings of the parties. Historical earnings will play a big part in these calculations, so it is important to properly analyze them. Income can easily be determined in cases in which the party or parties only receive traditional wages. The rate of pay is ..read more
Sequence Blog
1M ago
Below is a lengthy list of items that a divorce attorney should consider requesting in discovery in family law cases. In an ordinary divorce or child support matter, many of these items will be irrelevant or non-existent. This list is provided to give you a comprehensive list of items you should consider. However, this list ..read more
Sequence Blog
1M ago
It is common for divorcing spouses to cash out retirement funds at divorce time. And it seems to make sense at the time. There are expensive lawyers and all sorts of expenses to establish a new residence. Support payments may be delayed or non-existent. A retirement fund seems like great solution. It’s a pile of ..read more
Sequence Blog
1M ago
A question often comes up relative to the lifestyle analysis in divorce cases: Isn't is just data entry that anyone could do? Why do I need a forensic accounting expert? As I explain below, the lifestyle analysis is NOT just a data entry exercise. A level of quality control is necessary in order to ensure ..read more
Sequence Blog
1M ago
I wrote an article on these five myths about fraud a really long time ago. And really, nothing has changed. I’ve updated some of the facts and figures, but the concepts remain the same so I’m publishing the article again. These are some of the most common myths I see, and these traps are the ..read more
Sequence Blog
1M ago
What kind of work can a forensic accountant do in divorce cases? Tracy Coenen talks about the work of a CPA, including calculating income, evaluating financial disclosures, valuing assets, and completing a lifestyle analysis ..read more
Sequence Blog
1M ago
I did a divorce investigation several years ago that I like to call the Instagram Investigation. The husband was accused of marital waste (dissipation), as he was spending lots of money on his new girlfriend while his divorce was pending. The wife needed to quantify how much he was spending on the girlfriend, but it ..read more