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Forensic Accounting Explained: When Florida Businesses Need It

  • Writer: Aashir Abbas
    Aashir Abbas
  • Sep 16
  • 2 min read
Forensic Accounting Explained: When Florida Businesses Need It

Forensic accounting is one of the fastest-growing areas in financial services. But many business owners in Florida aren’t sure what it actually involves — or when they might need it. At MarkhamNorton, our forensic accounting team in Fort Myers helps businesses uncover fraud, resolve disputes, and protect assets.

Here’s what you need to know about forensic accounting and why it matters.


What Is Forensic Accounting?

Forensic accounting combines traditional accounting with investigative skills. It’s used to analyze financial data in a way that can stand up in court.

Forensic accountants often work alongside attorneys, business owners, and government agencies to uncover irregularities, resolve conflicts, and provide expert testimony.


When Do Businesses Need Forensic Accounting?

  1. Fraud Investigations – Detecting theft, embezzlement, or financial mismanagement.

  2. Litigation Support – Providing expert analysis and testimony in court cases.

  3. Business Valuations – Establishing the true value of a business for sales or disputes.

  4. Shareholder Disputes – Resolving disagreements over financial decisions.

  5. Divorce Proceedings – Uncovering hidden assets or evaluating financial records.


Benefits of Forensic Accounting

  • Protects your business from fraud and theft.

  • Provides clarity during disputes or litigation.

  • Ensures financial transparency for investors, partners, and stakeholders.


Case Example (Hypothetical)

A Fort Myers construction company suspected an employee of embezzling funds. Through forensic accounting, discrepancies in expense reports were uncovered, leading to recovery of losses and stronger internal controls.


FAQ (SEO Snippet Targets)

Q: How does forensic accounting differ from regular accounting?

A: Regular accounting tracks business finances, while forensic accounting investigates irregularities, often for legal purposes.

Q: Who hires forensic accountants?

A: Businesses, attorneys, courts, and even individuals may hire forensic accountants during disputes or investigations.


If you suspect fraud or need financial clarity, the forensic accounting team at MarkhamNorton is here to help.



 
 
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