The American Board of Forensic Examiners also offers specialized certification in the forensic experts' particular fields. The American Board of Forensic Accounting has conferred Diplomate Status to persons who meet not only the criteria for Diplomate Status from the American Board of Forensic Examiners, but also meet the rigorous standards necessary to obtain Diplomate Status within their specialty. Commercial damages include lease default damages, breach of contract, business interruption, breaches of shareholder and partnership agreements, reconstruction of accounting records, investigation of misappropriation, assistance in establishing ownership and division of assets, commercial damages, professional negligence cases, partnership disputes, expert evidence, fair value or fair market value, and personal injury damages. Tax matters include tax advocacy, compilation and review of financial statements, tax reporting, and tax planning in such areas as income and estate matters. James A. Horty, Jr., one of our forensic examiners, sits on the American Board of Forensic Accounting.
Any business can find itself the victim of employee theft.
In surveys, up to one third of employees admit stealing from their employers in some manner. The most important step is to foster an atmosphere of honesty and integrity. Employees steal because of weaknesses in internal control and checks within the company. They also steal because they feel they will not be caught and, if they are caught, the employer will not prosecute them for their theft nor will they lose their jobs. If management is perceived to be abusing company benefits or is seen removing assets such as inventory, they should certainly expect that the employees will follow suit.