Inventory losses can have a major impact on a company’s operations and profitability. When inventory loss does incur, whether due to financial statement fraud, misappropriation or other means, forensic accounting is often the first step to uncover the full extent of damages.
In such cases, clients hire the trained specialists in Arxis Financial’s “Forensic Accounting” practice to assist in determining the monetary loss or damages and to help uncover how the loss occurred.
Forensic accounting, by its nature, involves actual or anticipated disputes or litigation. Our specialists have extensive experience in presenting and defending our findings in litigation proceedings, including depositions and trial at local, state and federal court levels, as well as mediation and arbitration. We assist attorneys in interpreting the valuation, and help counsel to understand and analyze events or issues. This level of support can be a key asset in determining a legal strategy as well as reaching a reasonable and efficient conclusion.
If you have any questions about Forensic Accounting Services for Inventory Losses, please feel free to contact us.