• Accounting 101: Parts of an Income Statement

    A few of the videos I will post here are what I like to call “Accounting 101.” They have some basic accounting information for those who need a bit of a primer on how the accounting process works. This video […]

  • Behavioral Red Flags of Financial Fraud

    There are a number of common signs that we may see when someone is engaged in financial fraud within a company. Tracy talks about the behavioral red flags for fraud in this video, which are also summarized below:

  • Getting Background Information on Company Owners and Executives

    Have you ever wanted or needed to do a background check on an owner or executive of a company? If you’re considering investing in a public or private company, you may want to find out information on the people who […]

  • Is It “Creative Accounting” or Fraud?

    Companies engaged in financial statement fraud sometimes use creative phrases to legitimize or cover up what they’re doing. Examples include: Aggressive accounting – We’re following the rules, but pushing the limits to make the financial statements look as good as […]

  • Companies at Greater Risk of Financial Fraud

    What kinds of companies are more prone to fraud? In my business, we talk a lot about the red flags of fraud. There are two different types of red flags: the kind that suggest that a fraud is currently in […]

  • Net Worth Method to Prove Unreported Income

    When an IRS auditor or criminal investigator suspects that a taxpayer has unreported sources of income, he or she looks for ways to calculate that unreported income. One way is the net worth method of proof. Forensic accountants and fraud […]

  • Construction Fraud Cases

    What kinds of things can forensic accountants be involved in relative to construction fraud? A common area of fraud involves a general contractor using funds from a project to fund other projects. Also common is the construction company claiming a […]

  • What Does It Mean When a Company Changes Auditors?

    The firm that audits a company’s financial statements is very important. Audited statements are used by shareholders, lenders, and other interested parties to make decisions about the company and its future. When companies change auditors, it can signal a few […]

  • The Difference Between a Consulting Expert and a Testifying Expert

    An expert witness can provide services in litigation as either a consultant or a testifying expert. Tracy explains the difference, and talks about being very careful as a consultant, in the event that you are later required to provide testimony.

  • Red Flags of Fraud in a Specific Industry

    Have you ever thought about the fact that a particular industry in which a company operates creates risk factors for fraud? We call these industry red flags, and Tracy discusses some of the more common ones in this video, including: […]