New Law Journal – 13 November 2020 Rakesh Kapila explains why profit and cash flow forecasts are important in litigation assignments on which forensic accountants are involved In Brief Relevance of profit and cash flow forecasts in litigation assignments. Types of case in which forecasts are likely to be important. Information on the financial affairs
New Law Journal – 16 October 2020 George Sim looks at the financial aspects of partners falling out In Brief Types of disputes which may arise. Identifying the issues to address. A Statistical Release issued by the Department for Business, Energy and Industrial Strategy in October 2019 notes that there were approximately 405,000 partnerships in
New Law journal – 15 May 2020 Rakesh Kapila considers how forensic accountants can play a very useful role as shadow experts in many types of case In Brief Benefits of instructing shadow experts. Examples of work undertaken by forensic accountants as shadow experts. A ‘shadow expert’ advises one of the parties in a case
New Law journal – 8 November 2019 Rakesh Kapila considers possible shortcomings in the financial statements submitted by the parties in matrimonial proceedings In Brief Undertaking an overview of Form E. Providing examples of primary inaccuracies in Form E. Form E is the financial statement on each party’s position prepared in financial proceedings arising out
New Law Journal – 20 September 2019 George Sim considers the valuation of shareholdings when shareholders fall out In Brief Determining the valuation of a shareholding. Addressing the company’s financial management. As the economy’s growth rate slows, financial pressures on companies of all sizes are increasing. A harsher economic climate tends to lead to increased
New Law Journal – 14 June 2019 Security for costs: Rakesh Kapila reports on the forensic accountant’s role In Brief A defendant can ask the court to order a claimant company to pay funds into court by way of security for the defendant’s costs if there are doubts on the claimant’s ability to fund litigation.
New Law Journal – 12 April 2019 Rakesh Kapila examines the forensic accountant’s changing role in matrimonial disputes In Brief The expert accountant’s role in matrimonial disputes has changed in recent years. In addition to a greater involvement in business valuations, forensic accountants have been more active in assisting in the compilation of questionnaires and
New Law Journal – 22 February 2019 George Sim looks at the ways in which a forensic accountant can add value. In Brief Determining a loss of profits Addressing potential difficulties A business may suffer a loss of profits through breach of contract or tort (e.g. negligent installation of machinery), or as a result of
New Law Journal – 9 November 2018 Users of expert accountants’ reports need to subject them to critical scrutiny. George Sim explains how and why. In Brief Report contents – does the report do what it sets out to do? Limitations on the quality of information relied upon. Expert accountants’ reports vary considerably. Some are
New Law Journal – 5 January 2018 Rakesh Kapila offers some helpful insights into understanding financial statements In Brief Key aspects can affect the value of a set of financial statements to the user. It may be important for solicitors to consult forensic accountants for their expertise in interpreting and investigating financial statements before deciding