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Forensic Accounting Services for Businesses

Uncover Financial Truths & Protect Your Business

At Dimov Tax, we understand the complexity and urgency that comes with financial disputes and fraud investigations. That’s why we’ve developed a suite of specialized forensic accounting services designed to provide clarity, ensure compliance, and protect your bottom line.

Forensic accounting is more than just crunching numbers. It’s about shining a light on the financial intricacies of your business, uncovering hidden patterns, and presenting a clear, comprehensive financial picture that stands up in court, if necessary.

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"Dimov Partners CPAs are knowledgeable, professional, reliable and excellent all around."

-Detelina Marinova
Detect and Prevent Fraud with Forensic Accounting Services

Detect & Prevent Fraud Before It Costs You

Financial fraud can cripple a business, but with our forensic accounting expertise, you don’t have to be caught off guard. We analyze financial records for inconsistencies, trace suspicious transactions, and identify potential fraud risks before they escalate.

Whether you’re dealing with employee theft, vendor fraud, or financial misstatements, we provide the insights needed to take action. Our thorough investigations not only help you recover losses but also strengthen internal controls to prevent future fraud.

Navigate Disputes with Clear, Defensible Financial Analysis

Business disputes—whether between partners, shareholders, or in legal proceedings—require accurate, unbiased financial analysis. We specialize in reconstructing financial records, assessing damages, and delivering reports that hold up under scrutiny.

If you’re facing litigation, contract disputes, or business valuation disagreements, we ensure you have the financial clarity needed to make your case. Our expertise helps you reach fair resolutions, whether in negotiations or in court.

Get Defensible Financial Analysis with Forensic Accounting Services
The benefits of forensic accounting services with Dimov Tax and CPA Services

Ensure Compliance & Avoid Costly Penalties

Regulatory investigations and audits can be overwhelming, but we make sure your financial records are accurate, transparent, and compliant. We assess your books for potential risks, identify discrepancies, and help you address any compliance concerns before they become major issues.

If you’re already under investigation, we provide the documentation and analysis needed to support your case. With our forensic accounting services, you stay ahead of regulatory challenges and protect your business from costly penalties.

Your Personal and Business Accounting Team

George Dimov - Founding President of George Dimov CPA and Tax Specialists, an online CPA firm with the highest standards

George Dimov

President

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Stan Shraybman, MBA, EA

Senior Tax Manager

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Bob Liu, CPA

Senior Accountant

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Xintian Wang, CPA

Senior Tax Manager

With Our Unique Focus on Forensic Accounting, We Offer:

Theft of Assets

We uncover and quantify instances of asset misappropriation within your business, which helps establish the occurrence of theft, determine the extent of the losses, and support legal actions to hold the responsible party accountable.

Accounting Irregularities

We identify and document any fraudulent or deceptive practices, quantify the impact on financial statements, and provide expert opinions regarding the nature and extent of the irregularities.

Due Diligence

We perform detailed examinations of your financial records to minimize risks, make informed decisions, and protect the interests of individuals and organizations engaging in significant financial transactions or investments.

Expert Witness Service

Our experienced forensic accountants can provide impartial and objective analysis to assist the court or other dispute resolution forums in making informed decisions based on financial evidence.

Financial Statement Analysis

We examine key financial ratios, trends, and other relevant factors, financial statement analysis helps in making informed decisions regarding investments, lending, and assessing the overall financial viability of an organization.

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Get award-winning accounting services

At Dimov Tax, we’re committed to protecting your financial interests and ensuring your peace of mind. Trust us to guide you through the intricacies of the financial landscape with our specialized Forensic Accounting services.

Optimize your accounting and safeguard your interests

Speak with a CPA today

Common Questions Regarding Forensic Accounting Services

Forensic accounting is a specialized field that combines accounting expertise with investigative techniques to examine financial records for potential fraud, disputes, or litigation support. It involves analyzing, interpreting, and documenting financial information that may be used as evidence in legal proceedings or internal investigations.

Forensic accountants look beyond the numbers to understand the substance of complex financial transactions and reconstruct financial activities. They apply their knowledge of accounting, auditing, finance, and investigative skills to uncover irregularities and provide expert analysis. Their work often includes reviewing financial documents, tracing funds, interviewing relevant parties, and preparing detailed reports that can withstand scrutiny in court. The term “forensic” refers to information suitable for use in court, highlighting the legal dimension of this accounting specialty.

Forensic accounting services include fraud detection, litigation support, business valuations, and financial investigations for legal or insurance purposes. These specialized services help organizations and individuals uncover financial wrongdoing or provide expert financial analysis for disputes.

A comprehensive forensic accounting engagement typically begins with securing relevant documents and data to prevent tampering or destruction. Forensic accountants may review accounting systems for weaknesses, reconstruct incomplete records, or analyze unusual financial patterns. They often assist in shareholder disputes, divorce proceedings, insurance claims, and bankruptcy cases by providing objective financial analysis. For business litigation, forensic accountants can serve as expert witnesses, interpreting complex financial information for judges and juries. Some forensic accountants also specialize in specific industries or types of fraud, bringing targeted expertise to their investigations.

Forensic accounting services typically cost between $300 and $500 per hour, depending on the complexity of the case and the experience level of the accountant. For comprehensive investigations, total costs can range from $10,000 for simpler cases to $100,000+ for complex fraud investigations or high-stakes litigation support.

Several factors influence the final cost, including the volume of financial records to be reviewed, the timeframe being investigated, whether the investigation is for an individual or business, and the suspected complexity of any concealment schemes. Cases requiring expert testimony generally incur additional fees for court preparation and appearances. Some forensic accounting firms may offer fixed-fee arrangements for certain well-defined scopes of work, though hourly billing remains the most common approach due to the unpredictable nature of investigations. While the costs may seem significant, the financial recovery or protection provided by forensic accounting services often substantially outweighs the investment, particularly in cases of significant fraud or valuable dispute resolution.

Yes, forensic accountants can discover hidden bank accounts by analyzing financial records, identifying unexplained cash flows, and tracing missing funds. They have specialized techniques to detect inconsistencies that may reveal concealed assets or accounts.

Their methodologies include examining tax returns for reported interest income that doesn’t match known accounts, reviewing credit card statements for payments from unknown sources, and analyzing lifestyle expenditures that exceed documented income. Forensic accountants also look for patterns in bank deposits and withdrawals that might indicate transfers to hidden accounts. They often coordinate with legal professionals to obtain subpoenas or court orders for financial records from institutions when necessary. Digital forensics may also be employed to recover deleted financial records or communications related to hidden assets. Through these comprehensive approaches, skilled forensic accountants can uncover sophisticated attempts to conceal financial information.

Forensic accountants can investigate financial records as far back as documentation exists, though practical limitations often constrain investigations to 5-7 years. The availability of records and relevant statutes of limitations typically determine the timeframe of forensic investigations.

Most businesses and financial institutions maintain records for seven years due to tax and regulatory requirements, making this a common boundary for thorough investigations. However, in cases of significant fraud or litigation, forensic accountants may reconstruct transactions from partial records, third-party sources, or public filings to extend the timeline further back. Digital records have made longer-term investigations more feasible as electronic data may be preserved beyond standard retention periods. The scope of an investigation is ultimately determined by weighing the potential value of historical findings against the increased difficulty and cost of examining older records. For cases involving ongoing schemes, identifying the origin point can be crucial for understanding the full scope of financial impropriety.