What role does a forensic divorce accountant play in divorce?
A forensic divorce accountant plays an important role especially when one spouse suspects the other of hiding assets or misrepresenting their true financial situation. A forensic accountant can be instructed to identify hidden or undervalued assets, trace the use of funds, identify the disposal of any assets, and review financial documents such as tax returns, income statements and loan applications.
Forensic accountants often serve as expert witnesses by preparing detailed reports on their financial findings which can be used as evidence in court proceedings or during negotiations.
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