Bookkeeping expert witnesses may be sought out for litigation cases related to business and financial matters, as the term refers to the process of recording the financial transactions, accounts, and practices of a business. Bookkeeping expert consulting may serve as a valuable service for cases involving such areas as public accounting, QuickBooks, human resources, lost wages, lost profits, economic damages, mergers and acquisitions, banking operations, workers compensation, employee benefits, audits, financial analysis, financial reporting, taxation, business valuation, breach of contract, and other matters related to finance, as each may be at the center of a bookkeeping-related lawsuit.
Bookkeeping expert witnesses may come from a background working as certified public accountants (CPAs), which would provide the necessary experience for cases involving financial reporting and other accounting issues. Whether it is a small business, a major corporation, or a branch of an international franchise, bookkeeping must be implemented as a means of creating a reference for past financial operations, which is often highly relevant in the event of litigation involving business practices. Since most bookkeeping is conducted via the use of QuickBooks and other technological programs, employee training is an important factor in maintaining efficient and accurate financial data.
Like other aspects of business, bookkeeping practices must adhere to regulatory compliance, as any violation may lead to potential litigation. Bookkeeping expert witnesses may be asked to provide an expert opinion when bookkeeping records fail to reflect corporate financial transactions or other such practices.
ForensisGroup has more than twenty years experience of matching attorneys with top experts from across the country. Call us today or fill out and Submit An Expert Request Form to connect with a trusted bookkeeping expert witness for your case.
