Forensic accounting is a discipline that utilizes accounting, auditing, finance, legal and investigative skills in examining financial transactions or facts that are in dispute. This service is most often used in litigious situations, but is also extremely valuable for private individuals and companies (e.g. conducting internal investigations) in a variety of other business or personal situations.

Uncovering relevant facts and evidence in complicated business and financial transactions can greatly assist legal counsel in building a strong case.

The Phi Group can conduct financial fraud investigations that will help you quickly and discretely identify the problem and its cause, protect existing assets, recover losses and prevent future exposure. We can uncover and document evidence, reconstruct evidence and provide expert reports and testimony. Examples of situations where our services are required include Embezzlement, Money Laundering schemes, Bribery, Funds and Asset Tracing, Kickbacks and Procurement scams.

Commercial disputes that result in litigation ultimately depend on damage calculation to compensate the wronged party. The Phi Group can assist you in measuring the economic damages of lost profits, fraud or breach of contract.

Family dispute resolution, be it a marital dispute or family business situation, frequently requires the determination of appropriate asset valuation and earning capabilities. We help our clients uncover, analyze, understand, and present financially complicated matters in a manner that the Courts and all parties understand and can assist in dispute resolution.

Our Forensic Accounting services can be used in the following situations:

  • Fraud
  • Embezzlement
  • Asset and Funds Tracing

This skill-set is an invaluable tool in providing other related services.

Our Litigation Support Services include matters such as:

Business Valuations

The Phi Group has considerable experience in the valuation of a variety of businesses across different industries. We are regularly asked to provide advice to attorneys, business owners, fiduciaries, banks, estates, accountants, litigants, Boards of Directors, buyers, and sellers to assist in complex legal and financial matters. We are often retained by opposing parties with differing valuations of businesses or business interests, and have been appointed to mediate widely disparate appraisals, or to offer expert testimony. We can provide service in the following areas:

  • Marital disputes
  • Mergers & Acquisitions
  • Shareholder disputes
  • Valuation of Private Companies
  • Employee Stock Ownership Plan (ESOP)

Calculation of economic damages occurs in the following matters:

  • Breach of Contract
  • Business Interruption
  • Expropriation
  • Shareholder Disputes
  • Loss of Profit or Opportunity

Calculation of Economic Damages

When assisting clients or legal counsel in the preparation of a business loss case, it is not only imperative to understand the operations and financial position of the company or companies affected, but also to have general understanding of the legal theory of damages. The Phi Group can assist in preparing or critiquing damages claims arising from tort or breach of contract.

The litigation support services we provide encompass the following stages of the litigation process:

  • Assessing legitimacy of claim and preparing counter-claim
  • Assist in developing questions for deposing witnesses
  • Assist in developing or responding to discovery requests
  • Preparing expert reports
  • Providing expert witness testimony

Marital Disputes

Marital disputes can be long, complicated and emotionally draining. The Phi Group will use its experience in these matters to aid you through this difficult time. We combine forensic accounting, tax planning and business valuation techniques to assist parties in determining appropriate asset valuation and earning capabilities. We help our clients uncover, analyze, understand, and present financially complicated matters in a manner that the Courts and all parties understand. As forensic accountants, we assist our clients and their attorneys from initial discovery requests to financial analysis and dispute resolution. Specifically, we provide the following services:

  • Court testimony
  • Child support guideline calculations
  • Equitable distribution calculations and analysis of income tax implications
  • Asset and liability analysis
  • Lifestyle analysis
  • Income and expense analysis
  • Valuation of private companies
  • Attendance at Court or mediation