Barringtons - Business Advisors

Litigation Support and Forensic Accounting

Litigation support is a specialised accounting service which entails identifying, locating and verifying assets and liabilities in order to establish a financial position of involved parties.

The process involves forensic accounting expertise to identify the associated entities and structures and determining the accuracy of financial statements produced.  Quite often they will involve tracing transactions and the transfer of assets to determine the actual financial position of a family/financial group.

The final outcome usually results in financial statements being restated to reflect the true financial position.

The litigation support involves providing services in the following areas:

• Inspecting and interpreting financial records;
• Tracing foreign and local transactions;
• Determining the actual assets and liabilities;
• Preparing financial statements;
• Business valuations;
• Advising the client and solicitor with regards to financial issues;
• Providing a critique of the other party’s expert reports;
• Advising on discovery issues;
• Interpreting affidavits of financial circumstances;
• Identifying relevant documents which are relied upon, particularly in the discovery phase of litigation;
• Advising on taxation implications that may arise from a property settlement;
• Preparing reports to be annexed to affidavits;
• Preparing cross-examinations;
• Appearing in court as an expert witness.

Barringtons have two directors with extensive experience in all facets of litigation support, including assisting as facilitators, in conjunction with legal advisors, to minimise legal costs and assist in court settlement.