Arxis Financial Litigation Consulting Update e-newsletter

September 2011

Feature Article:

"Inventory Losses – When to Hire a Forensic Accountant"

As one of the most important and constantly changing current assets, inventory is a critical component for manufacturers, distributors, retailers and other businesses. Whether from water damage, theft, obsolete merchandise or other unpredictable damages, inventory loss situations can cause a significant financial impact upon a business. In addition to legitimate claims that are disputed in terms of inventory value, forensic accountants are trained to spot factors manipulative practices that are fraudulent … (click here for complete article)

Practice Profile

Forensic Accounting Services for Inventory Losses

Inventory loss situations are varied and require a depth of forensic accounting expertise that can fully handle this breadth of scenarios. Whether from genuine claims such as natural disasters or from suspected fraudulent activities such as financial statement manipulation, it is imperative to engage a skilled expert to support or investigate the claim, who can utilize a combination of skills to develop a valuation or determine the legitimacy of the loss.

Arxis Financial's "Forensic Accounting" practice offers a particular focus on quantifying the financial and economic issues in inventory loss matters. Since insurance coverage is typically purchased to protect against such events, we are often asked to assist either the insured or insurer. Our professionals apply detailed investigation and analysis that is necessary to uncover essential facts and provide meaningful insights.

Expert analysis and conclusions are presented in depositions and trial at local, state and federal court levels as well as mediation and arbitration. We assist attorneys in interpreting the data and help counsel to understand and analyze events or issues. This level of support can be a key asset in determining a legal strategy as well as reaching a reasonable and efficient conclusion.

Partner Profile:
The Forensic Accounting practice is headed by partner Chris L. Hamilton, CPA, CFE, CVA, DABFA. Mr. Hamilton is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, and a Diplomate with the American Board of Forensic Accounting. He is a licensed life and disability insurance agent and a General Securities Representative. Mr. Hamilton has published articles in several publications, and has made presentations at national conferences, training institutes and seminars on topics including forensic accounting, fraud and business appraisal.

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Litigation Consulting

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