How does business valuation relate to forensic accounting, and why is it important?
Business valuation and forensic accounting are two closely related fields that often complement each other in the context of legal disputes or investigations. Business valuation is the process of determining the economic value of a business, while forensic accounting involves investigating or analyzing financial records and transactions to uncover fraud, embezzlement, or other financial misconduct, or for the benefit of assisting in calculations for disputes or litigation. In the context of legal disputes, forensic accountants may be called upon to assess the value of a business as part of a divorce settlement, shareholder dispute, or insurance claim.
Where does Botwinick & Company, LLC come in? With years of experience in both business valuation principles and forensic accounting techniques, our team has the expertise to provide an objective assessment of a company’s financial worth and analyze financial statements, cash flows, assets, and liabilities to determine the fair market value of a business and provide crucial support in legal proceedings.