header-logo header-logo

How to choose a forensic accountant

28 October 2022 / Rakesh Kapila
Issue: 8000 / Categories: Features , Profession , Expert Witness
printer mail-detail
Rakesh Kapila considers various issues which should be taken into account in deciding whether a forensic accountant is needed and subsequently in choosing an expert
  • Is a forensic accountant required?
  • General qualities and specific factors in choosing a forensic accountant.

Forensic accountants examine and report on the financial aspects of legal claims and disputes and play an important role in many types of litigation. The specialism has grown over the years and there is a choice of firms for solicitors and others seeking financial input on claims and disputes.

This article highlights various issues which should be considered in deciding whether a forensic accountant is needed and subsequently in choosing an expert. Although forensic accountants are often engaged as advisers, this article considers their involvement as experts.

Is the work needed typically undertaken by forensic accountants?

It is likely that forensic accountants will be required in relation to business valuations, including valuations of unlisted companies, which may be needed in matrimonial disputes and disputes between shareholders.

Expert accountancy

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

Gilson Gray—Jeremy Davy

Gilson Gray—Jeremy Davy

Partner appointed as head of residential conveyancing for England

DR Solicitors—Paul Edels

DR Solicitors—Paul Edels

Specialist firm enhances corporate healthcare practice with partner appointment

NEWS
The proposed £11bn redress scheme following the Supreme Court’s motor finance rulings is analysed in this week’s NLJ by Fred Philpott of Gough Square Chambers
In this week's issue, Stephen Gold, NLJ columnist and former district judge, surveys another eclectic fortnight in procedure. With humour and humanity, he reminds readers that beneath the procedural dust, the law still changes lives
Generative AI isn’t the villain of the courtroom—it’s the misunderstanding of it that’s dangerous, argues Dr Alan Ma of Birmingham City University and the Birmingham Law Society in this week's NLJ
James Naylor of Naylor Solicitors dissects the government’s plan to outlaw upward-only rent review (UORR) clauses in new commercial leases under Schedule 31 of the English Devolution and Community Empowerment Bill, in this week's NLJ. The reform, he explains, marks a seismic shift in landlord-tenant power dynamics: rents will no longer rise inexorably, and tenants gain statutory caps and procedural rights
Writing in NLJ this week, James Harrison and Jenna Coad of Penningtons Manches Cooper chart the Privy Council’s demolition of the long-standing ‘shareholder rule’ in Jardine Strategic v Oasis Investments
back-to-top-scroll