Forensic Accounting for Financial Disputes
One of Cendrowski Corporate Advisors’ core competencies is forensic accounting for financial disputes. Our forensic accounting clients rely on our team’s professional, litigation, and expert witness experience.
Cendrowski Corporate Advisor forensic accounting specialists support attorneys in high-profile accounting malpractice and accountants’ liability cases, analyzing auditing practices, tax services, business valuations, economic damages, and internal control failures. We work with legal teams to provide analyses that document and retell the events that transpired, providing expert testimony to clearly explain these technical details to the court. We are also tapped to assist the court, arbitrators, mediators, and judges directly.
From our office in Chicago to our location in Metro Detroit, the Cendrowski Corporate Advisors forensic accounting team serves a national client base including:
- Attorneys
- Public and private companies
- Banks and financial institutions
- Government agencies
- Other organizations including not-for-profits
Forensic Accounting Services for Fraud Detection and Deterrence
Cendrowski Corporate Advisors team members provide forensic accounting services to numerous public and private organizations outside of the courtroom. In some instances, we’re employed reactively for fraud investigation. In others, our services are employed proactively, as a tool to develop robust processes and internal controls that deter fraud. Proactive services allow organizations to identify and analyze essential accounting procedures and record-keeping methods. This makes it much easier to identify potential accounting transaction problems and issues before they happen.
Forensic Investigations - Internal and Confidential
Companies engage Cendrowski Corporate Advisors to perform internal and confidential forensic investigations involving defalcation, procurement collusion and purchasing fraud, financial misrepresentations, and intellectual property rights violations. Our specialists provide these services in strict confidentiality, while the subject of the investigation remains unaware that an investigation is underway. This helps prevent business disruption and provides management with facts to allow careful planning of remediation steps.
Client Success: A Complex Forensic Investigation
Cendrowski Corporate Advisors was engaged by an investor client to calculate the claim amount for investments he had made in three separate franchises. The investor had signed three promissory notes to the franchises as loans due to his company. Based on the agreements, the franchise entities were expected to send in monthly payments to the client to pay off the loan balance. Our client advised us that he hadn’t received the monthly payments and needed to calculate the amount owed to his company from the three franchise loans.
Our team reviewed the promissory notes for the agreement and created amortization schedules for each loan based on the parameters listed. We were provided brokerage account statements and forensically analyzed the investment amounts and the loan payments, tracing deposits to the corresponding franchise loan. These deposit payments were applied against accrued interest and principal to calculate the note balance. Through our calculations, we advised the client of the balance due on each of the loans as of the date of the bankruptcy. Our analysis and claim amount calculations were included in the bankruptcy petition filing.
John Alfonsi Panelist at the 2023 Mid-Market Deal Makers Symposium
Join us in congratulating John Alfonsi on being selected as a Panelist at the 2023 Mid-Market Deal Makers Symposium on January 10th – 13th. This year’s exclusive symposium for Deal Makers members will be held at the luxurious SLS South Beach in Miami, Florida. Deal Makers members are coming together for networking, education, and fun. […]
Read More
GGI World Conference Recap
Attending GGI World Conference is just one way we expand our knowledge. We also broaden our access to an extensive network of expertise and contacts through GGI Global Alliance. That opens a world of resources to benefit you. Harry Cendrowski attended Montreal’s GGI World Conference as global chair of the GGI Trust & Estate Planning […]
Read More
October 2022 Smart Business Dealmakers Conference: Chicago
Join Harry Cendrowski on Wednesday, October 12, 2022 at the SMART BUSINESS Dealmakers CONFERENCE in Chicago. Cendrowski Corporate Advisors returns to this fall conference as a sponsor and host committee member. In a session presented by Cendrowski Corporate Advisors and Alex. Brown (a division of Raymond James), Harry moderates a lively discussion on creating liquidity […]
Read More