Forensic Accounting – Insurance Support
On the Case and at Your Service
By its very nature, this area of expertise is demanding and, to be honest, can be difﬁcult. With more than 25 years’ forensic accounting experience, we know how to “crack the code” to resolve any investigative audit. The VTD team is well-versed in handling investigative auditing matters, whether they are complex multi-party cases or smaller cases. Expect a thorough, detailed analysis in a presentation format that’s easy to comprehend, conducted in accordance with the highest ethical practices.
Business Interruption and Earnings Losses
We have often found that insured parties can have expectations inconsistent with what they are due for business interruption or earnings loss coverage when there is a loss event.
We are conﬁdent in our ability to understand policy language and the methodologies for calculating these kinds of losses. VTD has a highly detailed process for determining the equitable value of lost earnings, providing clients with a comprehensive analysis and report. Our works includes thorough document review, calculations of loss based on speciﬁc parameters set by the client and, when applicable, historical analysis of industry seasonality and trends.
The team at VTD is very experienced in identifying and determining the value of both in- sight and out-of-sight inventory losses. Count on us to organize data properly and distill it all down to a clear, accurate and equitable analysis of the value of the loss. If there is a fraudulent issue, our staff will present well-documented, compelling evidence to ascertain whether the loss actually occurred.
Extra Expense Calculations
Our team is knowledgeable about what expenses can be claimed under the extra expenses clause. We’ll work closely with you to determine the speciﬁcs and ensure that we prevent “double dipping” on claims.
Employee Dishonesty / Fidelity Claims
Issues involving ﬁdelity can be particularly thorny and challenging both to ﬁgure out and to value. Advanced technology has played a role giving dishonest employees more tools to manipulate books and records. Be assured, our certiﬁed fraud examiners (CFE) are extremely familiar with the most recent methodologies for conducting complex ﬁnancial manipulations. We are conﬁdent we’ll ﬁnd and reveal any fraudulent activities.
Special Investigation Units (SIU)
We have the skills and knowledge base to sift through a tsunami of ﬁnancial records if necessary, freeing up SIU investigators to do their job evaluating the big picture. We’ll dissect the records, analyze all the information and determine any possible ﬁnancial motivates for either arson or other potentially fraudulent acts.
Multi-Party Claims Analysis
The VTD team has a combined offering of expertise in both insurance and legal matters, qualifying us to help resolve subrogation issues with keen impartiality. We know that it can be complicated when multiple parties are attempting to determine terms and amounts of responsibility regarding a loss, and that many additional factors and calculations are typically required in these cases.
If you need assistance in this area, contact our partner for insurance services: Jacob P. Gregory, CPA at firstname.lastname@example.org. His ﬁnely honed expertise in calculating damages for both litigation and insurance matters includes specialization in business interruption and earnings losses, inventory loss analysis, employee dishonesty and ﬁdelity issues. He serves as an expert witness in depositions and trials as well. Mr. Gregory can also present seminars to legal and insurance industry professionals to explain further the details on measurement of economic damages.