Author Archives: North American Forensic Advisors

North American Forensic Accounting Becomes North American Forensic Advisors

At North American Forensic Accounting, growth has always been driven by a commitment to helping clients navigate complex financial, operational, and investigative challenges with clarity and confidence. As our firm has evolved over the years, so too has the breadth of services we provide. Today, we are proud to announce an exciting new chapter in our firm’s history: North American Forensic Accounting LLC is now North American Forensic Advisors LLC. This new name better reflects who we are today and the comprehensive advisory services we provide to clients across a wide range of industries, legal matters, and business environments.

By North American Forensic Advisors | Published June 17, 2026 | Posted in News |

The Reasonable Certainty Requirement: What It Means and Why It Matters in Economic Damages

When a lawsuit involves monetary harm, courts often have to answer a practical question: What did this problem or event cost? The answer is what lawyers refer to as economic damages. In plain terms, economic damages are the financial losses tied to an event, like lost profits, lost business value, extra expenses, or other measurable dollars a person or company says they would not have lost “but for” the wrongdoing or adverse event. Because those losses often involve estimating what would have happened in a world that never occurred, courts apply a check on how those numbers are built. That check is the reasonable certainty requirement.

By North American Forensic Advisors | Published January 1, 2026 | Posted in Commercial Damage Calculations |

When Data Structure Matters: The Hidden Value of Organized Records in Litigation

It is common in litigation for records to arrive in formats that are not fully organized. Sometimes this reflects limitations in recordkeeping practices, system exports, or the way documents are collected for counsel. Regardless of the cause, the result is the same: gaps that increase the scope and cost of forensic accounting analysis. From a professional standpoint, this is not unusual. Forensic accounting often involves working with data that is less structured than ideal, assessing what is available, and organizing it into a defensible format.

By North American Forensic Advisors | Published December 1, 2025 | Posted in Litigation Support |

Smoke, Fire, and False Claims: How Forensic Accounting Uncovers Insurance Fraud

Insurance fraud costs billions each year. Whether you’re an insurer, attorney, or policyholder, uncovering fraudulent activity requires expertise, precision, and discretion. At North American Forensic Accounting (NAFA), our team can provide the investigative insight and analytical power to detect, quantify, document, and deter insurance fraud.

By North American Forensic Advisors | Published October 1, 2025 | Posted in Fraud Investigation |

Common Elements of U.S. Corporate Compliance Frameworks

How much do you really know about your company’s inner operations? How much can you know? If someone in your organization was bribing foreign officials, illegally dumping toxic substances, or falsifying business records, would you know about it before it appeared on federal enforcement radar? If not, a single unscrupulous individual or a small group of conspirators could bring your entire organization down. Given that it’s impossible to oversee every employee action at all times, how do you protect your company from noncompliance that can trigger potentially crushing prosecution? The answer is to implement and maintain a corporate compliance program that deters wrongdoing while qualifying your company for leniency if rogue actors transgress the law.

By North American Forensic Advisors | Published September 1, 2025 | Posted in Compliance, Internal Controls |

10 Indispensable Internal Controls for Every Business

Since at least the 16th century, English speakers have repeated the proverb, “When the cat’s away, the mice will play.” It’s a concept that school children readily understand, especially when their regular teacher is absent and they’re treated to a substitute. Yet, the simple lesson seems to elude many business leaders whose companies are riddled with internal fraud. Of course, you can’t stand over your employees every moment of the day, but you need to have guardrails in place to keep them on the straight and narrow. In this article we’ll present a recent case where the rodents ran wild, and our list of 10 controls you must implement to be an effective feline.

By North American Forensic Advisors | Published August 1, 2025 | Posted in Internal Controls |

Conducting Effective Employee Relations Investigations

Companies today must adhere to heightened expectations when it comes to culture, compliance, and accountability. Thus, when a worker makes a complaint, (e.g., harassment, discrimination, retaliation, misconduct, or policy violation), leadership comes under intense scrutiny for the manner in which they conduct their employee relations investigations. When handled correctly, a thorough and fair ER investigation protects the company, supports the rights of employees, and demonstrates a commitment to ethical conduct. When mishandled, it exposes the organization to significant legal liability, regulatory penalties, and damage to employee trust.

By North American Forensic Advisors | Published July 15, 2025 | Posted in Compliance, Internal Investigations |

NAFA Salutes DOJ for Huge Takedown of Healthcare Fraud

There’s probably no lower brand of thief than one who will steal from the sick and elderly. Yet, Medicare and Medicaid fraud is a multi-billion dollar per annum business in the United States, threatening vital services for the most vulnerable members of our society. That’s why those of us in the business of stopping fraudsters were delighted to hear the announcement from the U.S. Department of Justice on Monday, June 30, 2025, of the largest healthcare fraud enforcement action in U.S. history.

By North American Forensic Advisors | Published June 30, 2025 | Posted in Fraud Investigation |

How the new Tariffs Might Affect Business Valuations

At the time of this writing, we are in the midst of a 90-day “pause” in the implementation of “the President Trump tariffs.” Washington observers are divided on the tariffs. Supporters believe President Trump is clearly in the driver’s seat as he wields the leverage accorded the world’s largest economy to correct decades of imbalanced trade relations. They’re content to tough-out a period of uncertainty they hope ends with more favorable trade agreements.

By North American Forensic Advisors | Published May 1, 2025 | Posted in Business Valuations |

Why You Shouldn’t Rely on Financial Statement Audits When You Need a Forensic Audit

Back in 1974, the English rock band Ace had its one and only hit, in which lead singer Paul Carrack demands to know, “How long has this been going on?” At North American Forensic Accounting, we could put that song on a continuous loop for our clients, after we inform them they have been losing money for years, if not decades, due to waste, fraud, and abuse. How could they not have known? Often, it comes down to relying on financial statement audits when what they really needed was a forensic audit.

By North American Forensic Advisors | Published April 1, 2025 | Posted in Forensic Accounting |