The Rise of Forensic Accounting for Small Businesses with Grigsby Forensics and Valuation

0

Las Vegas, NV- Forensics is the application of science to criminal and civil laws, but it is not just reserved for the criminal justice system or real crime television shows. This science holds a prominent place in the world of accounting and has helped millions of people and their businesses to continue to be successful. Forensic accounting involves using accounting skills to detect any fraudulent or corrupt practices within a business. By evaluating tax and business transaction records, forensic accountants can detect embezzlement, embezzlement, and corruption. Forensic accountants use their auditing abilities and investigative skills to determine the causes of suspicious financial activity. This is crucial for business owners who are facing several issues in their business, such as a tax audit, suspicious employees and officers, or personal legal relationships. Companies use forensic accounting as credible evidence in lawsuits and/or to recover losses from a scam.

Running a business is hard enough without worrying about irregularity issues. Even the most successful companies can lack key internal controls. This very lack of internal controls is the root of all fraud. Grigsby Forensics & Valuation is a Las Vegas, Nevada-based accounting firm specializing in litigation assistance and advice, business valuations, forensic accounting, fraud risk investigations and assessments , business valuation, business planning, IT consulting and technical audits. Grigsby’s expertise has helped countless companies find potential asset misappropriations, which are often just the tip of the iceberg.

Charles Grigsby, Founder and Head CPA of Grigsby Forensics and Valuation, has over 40 years of experience as a CPA and business advisor. Throughout his life, Mr. Grigsby has always established himself as exemplary in his field. He was a field auditor for the Internal Revenue Service, specializing in tax evasion investigations of commodity traders and other large business entities. With this entrepreneurial spirit and substantial certifications and accreditations, he prides himself on providing his clients with definitive experience, expertise and knowledge to help them make the best decisions for their business.

Grigsby’s forensic expertise can help mitigate damage to a business, whether it’s embezzlement or loss. With Charles’ extensive experience in the field of forensic accounting, he can trace the source of the loss and determine the appropriate action. Over the years, the Grigsby firm has provided its clients with the clarity and evidence they need to protect their business through a specific methodology. It starts with analyzing the company’s internal control system to determine its ability to avoid risks. Then they focus on properly analyzing physical evidence and applying the latest fraud risk assessment methodologies and tools. Evidence is reviewed to determine if the issue is employee collusion, vendor-employee collusion, supervisor abuse of authority, or record-keeping procedures without proper segregation of duties. The Grisby team will determine the appropriate revenue by analyzing buying activity to establish the gross margin level.

Forensic accounting is an invaluable resource for small business owners to investigate fraud and analyze financial data for litigation purposes. Forensic accountants play an important role in their commitment to educating small business owners on ways to prevent and detect financial fraud. To work with Grigsby Forensics & Valuation, visit https://grigsbyvaluation.com/

https://www.facebook.com/ChuckGrigsbyLV

https://www.linkedin.com/in/charles-grigsby-39555139/

Media Contact

Company Name
Grigsby Forensics and Assessment
Contact Name
Charles Grigby
Call
+1 702-805-8469
Address
8020 W Sahara Avenue #205
Town
Vegas
State
NV
Postal code
89117
Country
United States
Website
https://grigsbyvaluation.com/

Share.

Comments are closed.