Forensic accountants investigate a variety of issues. They use trained skills and techniques to reconstruct the facts regarding assets and income. In a divorce, each party must disclose his or her assets and debts and his or her income and expenses. If one of the parties does not make an accurate and complete disclosure, the court may set aside a judgment until the facts are brought forth. A forensic accountant is hired to attempt to discover unreported or under reported income, determine marital lifestyle, and to trace separate and community property. When a spouse has separate property claims, if there has been commingling of funds, one would hire a forensic accountant to prepare a report to help resolve these issues. A forensic accountant can put together key data to form the financial picture involved in a divorce, including preparation of family budgets, calculating cash flow available for support, and creating options regarding splitting of assets and debts.
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Carlisle CPA and Associates, Inc. also offers a complete range of accounting, taxation, and financial planning services for individuals, small business and professional corporations.