Forensic accounting

searcher profile

May 30, 2023

by a searcher in Seattle, WA, USA

Little bit of a side topic here.

My IT services company picked up a new client which does forensic accounting, and after hearing some of their stories I got to wondering if folks here had ever discovered anything "unusual" after an acquisition? (Story time! :)

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commentor profile
Reply by a professional
from Bentley University in Redding, CT 06896, USA
Not after but during the diligence process. People tend to get nervous during the QoE period and that’s when I last found a theft situation from the controller. Reimbursement if gas, electricity, etc.

Worst thing I’ve come across after has been really bad receivables and inventory that did not live up to its value.
commentor profile
Reply by a professional
from Walsh College of Accountancy and Business Administration in Detroit, MI, USA
I've seen a lot over the years - rare/classic cars, boats, airplanes, motorcycles, swamp buggies, high-end long-range rifles, college education for kids, housekeepers, mistress expense, ... Keeps it exciting on what we will see next!
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