Financial statements may tot but not tally with what actually happened. Often missing records or the presence of cash transactions can result in a loss to shareholders.
BMOL Partners has been engaged on a number of assignments where the area of possible loss could not be determined easily. Through forensic accounting techniques, BMOL Partners can ascertain where such losses are occurring.
In the case of marriage breakdown where the assets of the family are more complex than is normal and are in dispute, a solicitor may determine that an expert opinion is provided. A financial expert is often required to draw up a statement of affairs and to advise on the tax efficient apportionment between the parties based on instructions.
BMOL Partners have specific experience in preparing statements of affairs and investigating the flow of funds to ensure the statements are accurate.