Services
What We do
Forensic Accounting Services
Forensic accounting involves the application of many special skills such as accounting, auditing procedures, finance, quantitative methods, research, and investigation.
There is almost no end to the types of financial cases that involve investigation, including occupational fraud and other white-collar crimes; business interruptions and fidelity; matrimonial and family law matters such as determining the value of spouse’s assets in a divorce case; tracing sources of funds; estate and trust matters; and bankruptcy.
Our procedures include assets tracing, cash flow analysis, review of financial records, analyzing source documents, conducting interviews, and summarizing and communicating our findings.
fraud and economic damages
We investigate fraudulent activity in organizations of various sizes, from small-size companies to midsize, and non-for-profits.
Our investigations include suspicious embezzlement by employees such as fraudulent excess payroll, fraudulent vendor payments, misappropriation of inventory and cash payments.
We calculate specific damages, such as contract disputes, theft, fraud, fire, etc. The estimate of damages may include calculation of lost profits and earnings, increased cost, loss of earning capacity, and loss of benefits, etc.
We can assist our clients with the completion of Proof of Loss for their crime and fidelity insurance claim, provide litigation support, and negotiation of settlements, etc.
Consultation Services
Fraud can be defined as an intentional act of omission that is designed to deceive and results in a loss to a victim and gain to perpetrator. Our offered consulting services can be provided in a consulting or expert witness capacity.
Internal Control Consulting
As a Certified Public Accounting Company, we are well equipped to obtain an understanding of an organization’s internal control structure, and identify design deficiencies. Per the Association of Certified Fraud Examiners, organization losses approximately 5% of revenues in a given year to fraud. We can help to establish adequate internal controls as a preventive measure.
Fraud Risk management
At Skalova, CPA, we are experts in investigating fraud because of our deep understanding of many types of fraud schemes. As a result, we can identify fraud risks and recommend ways to prevent and detect fraud schemes. An example of the need for fraud risk management is the rapid increase in the use of digital technologies, which has opened door to constant, devastating fraud attacks against even some of the largest companies.
Litigation Support
Some of the roles that Skalova, CPA play in legal and other kinds of adversarial proceedings include non-testifying litigation consultant, testifying expert witness, mediator, arbitrator, and the bankruptcy trustee. Our consulting services are performed in an unbiased way, with integrity and objectivity. We work with the legal team throughout the litigation process, from filing to trial or settlement. We can assist with discovery, identifying financial issues, drafting questions, and preparing for trial.
alternative dispute resolution
Did you know over 90% of all lawsuits are settled out of court? In recent years, there has been a trend towards resolving legal disputes in ways that are not only more efficient than trial litigations but are also less painful, to all parties involved. Alternative Dispute Resolution is a process in which opposing parties are brought together to resolve their disputes through the help of a neutral third party. Skalova, CPA can act in a role as a mediator or arbitrator.
We can help resolve disputes in a wide variety of areas, such as mergers and acquisitions, partnership agreements, insurance claims, and bankruptcy claims, etc.