Category Archives: Forensic Accounting

What is forensic accounting

Forensic Accounting Fact v. Fiction

Forensic accounting is a specialized area of accounting that involves investigating financial discrepancies, deviations, and fraud. It is somewhat of an art as well as a science that combines traditional accounting, auditing, and investigative skills to examine financial statements and transactions, ultimately, to find the truth behind the numbers.


Measures of Central Tendency

Navigating the Nuances of Central Tendency in Forensic Data Analysis

From the boardroom to the courtroom, there are ample examples of the misuse of statistics despite accurate calculations. Graphical and numerical descriptive statistics are wonderful tools to summarize large data sets, to condense huge amounts of information into concise charts and single values. However, the values reported must be interpreted correctly and used appropriately.


Jury Awards $22 Million in Back Pay to Manufacturing Employees

The U.S. Department of Labor (DOL) recently made an announcement regarding the outcome of a groundbreaking case, Walsh v. East Penn Manufacturing Co, Inc., DC-PA. In this landmark verdict, a jury has granted more than $22 million in back wages to approximately 7,500 employees of a battery manufacturer. This award represents the largest recorded verdict under the Fair Labor Standards Act (FLSA). Additionally, the DOL, as the plaintiff, intends to seek an equal amount in liquidated damages and an injunction mandating future FLSA compliance by the battery manufacturer.