Methods of Tracing Commonly Used in Forensic Accounting

Apply the foremost asset tracing methodologies to forensic accounting scopes of work.

Examine the methodologies and best practices, and gain actionable insights and strategies.

During this session, you will:

• Understand the lack of precedent regarding different tracing methodologies.
• Dive into each method and a set of facts that show different ways to trace commingled assets that result in different outcomes and conclusions.
• Through the use of a case example, understand the application of methodologies and examples of how inconsistencies in performing tracing work can hurt the credibility of the forensic accountant.
• Learn when to choose specific methods that have an underlying understanding of the process selected and must be representative of the set of facts at play.

Key Topics

• The (lack of) precedent behind the selection of tracing methodologies
• The application of tracing methodologies in connection with forensic accounting
• How each method differs and the process behind the implementation of each
• Real-life example of the use of multiple tracing methodologies

Learning Outcomes

• Recognize the purpose and nature of various methodologies commonly used by forensic accountants in fund tracing exercises involving ill-gotten gains.
• Identify historical legal precedents and current accounting standards relating to the different methodologies.
• Identify how each method is applied using consistent facts, yielding differing results.
• Identify a real-life case with multiple tracing methodologies used by the FBI and the rebuttal of the analysis.
• Recognize how to consistently and equitably apply a method most appropriate for the facts of the case.

Who Will Benefit

CPAs, CFFs, attorneys, forensic accountants