There are circumstances where books and records make no sense or records are incomplete or nonexistent. These circumstances may require the reconstruction of accounting records for an organization or individual.
The need for reconstruction can stem from fraud, fire or other tragedy and often is an indication of neglect. Reconstruction can be used in preparing financial statements, tax returns, net worth analysis, exhibits, insurance claims, or quantifying losses to help establish true value.
We can assist attorneys, businesses and others by summarizing known financial transactions, identifying missing transactions and determining the extent to which accounting books and records were maintained.
We will identify critical source documents needed, determine possible reasons for omissions and utilize data analytics software to enable presentation of meaningful data focusing on reconstruction of financial statements, financial transactions or other elements of financial reporting.
