Resolution of Accounting Disputes
With every new and growing business comes the need for accounting analyses. Sometimes there arise disputes regarding accounting decisions that can stunt the growth of a company until the dispute is resolved. Fortunately, forensic accountants specialize in resolving accounting disputes, as they carefully analyze causation in financial discrepancies. An experienced Austin accounting expert can help any business owner resolve disputes in accounting at his or her company.
Common Issues Disputed
In any business, there may be a number of issues that are disputed among coworkers or company owners / managers. When issues arise, the analysis of these issues often involves a professional evaluation of:
- Allocations of costs
- Reserves and allowances
- Contingencies and goodwill
- Inventory allocations
- Tracings of transactions
- Generally Accepted Auditing Standards (GAAS)
- International Accounting Standards (IAS)
- Federal Acquisition Regulations (FAR)
All of these issues would fall under heavy scrutiny by a forensic accountant who was evaluating the cause of dispute in a business’s financial situation. The accountant has the experience and analytical skills necessary to discover causation, reveal false causation, represent potential solutions to the problem, and resolve the dispute at hand.
Contact an Accounting Expert in Austin
Accounting is a difficult profession, and most business owners do not have the time or knowledge to do the accounting for their own businesses. This is why having the advice and expertise of an accountant for your business can be an excellent investment, particularly if any disputes ever arise. To learn more about your accounting options, complete the contact form on this page and an accountant will soon be in touch.