• How Many People Are Being Audited by the IRS?

    In this video, Tracy Coenen briefly defines and audit and how many people are being audited by the IRS. (Hint: A very low number of people are being audited, and people with higher incomes are much more likely to be […]

  • Using Fixed Fees in Forensic Accounting Engagements

    Nearly all of my work is done under fixed fee arrangements. My client and I determine the scope of a project (what documents will be used, what analysis will be done, what time period is covered, etc.) and I quote […]

  • Investigating Unreported Cash Sales

    How do you investigate fraud in a cash business? It is difficult because cash leaves no paper trail. But Tracy Coenen has some techniques she uses to try to uncover unreported cash sales. She gives examples including restaurants and laundromats. […]

  • Finding Fraud With Analytical Review of Financial Statements

    Performing analytical review on the financial statements of a company is an important part in the fraud detection process. It can help detect manipulation of the numbers, as we are looking at account balances and their relationships to one another. […]

  • Starting a Financial Investigation

    How do you start a financial investigation? What would you look at first when analyzing a business? Tracy Coenen talks about some of the important things she would evaluate when starting a case with financial statements and income tax returns.

  • Wage Loss Damage Calculations

    Tracy talks about calculating damages for wage losses. These situations may include wrongful termination, wrongful death, or time lost from work due to an accident. She gives a helpful list of the types of damages that might be included.

  • Forensic Accountants and Securities Fraud Cases

    In this video, Tracy Coenen talks about the securities fraud cases that might need the assistance of a forensic accountant.

  • Using Estimates to Calculate Damages

    Tracy talks about how experts use estimates when they calculate economic damages. Are you speculating or guessing? Or do you have a reasonable basis for your numbers?

  • How to Use a Lifestyle Analysis in Divorce

    How is a lifestyle analysis used in a divorce case? Attorney Miles Mason discusses how he uses the report, more specifically the numbers that he is most concerned about.

  • Present Value of Damages

    In this video, Tracy explains damage calculations, and how sometimes we have to calculate the present value of those damages. What is present value? And why do we do this?