How To Save Money When Hiring A Forensic Accountant

VERITI CONSULTING LLC

How To Save Money When Hiring A Forensic Accountant

TRUTHBEHINDNUMBERS.COMCertified Financial Experts

Saving Money on a Forensic Accountant

When hiring a forensic accountant or a

litigation support specialist, you probably

have a large volume of information that

needs to be reviewed. Many times

documents submitted to forensic experts

are in complete disarray. Next are some

tips to help you save money.


Organization

• It is extremely important to get your documents organized. Many forensic accountants end up spending hours organizing the records and information before they get to the point where they can start their analysis.

• If you have boxes of documents, create an index of what is in each box.

• If you have electronic files, make sure the folders and sub-folders are organized.


Consistency

• When you submit documents, make sure they are all in the same media format. For example, if you have printouts and electronic files, convert everything so it’s in the same format.

• This will save your expert time converting files.

• Also make sure you convert all files to the same type, for example, all documents should be PDFs.


Authenticity

• Keep information in the original format and don’t redact full account numbers.

• If you are nervous about submitting documents with your account numbers, redact everything but the last four digits of the account number. Forensic accountants need to be able to tie and match documents to each other and redacting or “whiting out” information will only delay the process.

• Also, when submitting bank statements, be sure to include all pages of those statements.


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John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA

Managing Director

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How To Save Money When Hiring A Forensic Accountant

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