Matt Broughton Quoted in Article on Accounting Forensics
Date: 02/08/2010
Contact: Matthew W. Broughton - Partner
Phone: 540.983.9407
E-mail: matt_broughton@gentrylocke.com
In an article in the February 8, 2010 issue of the Blue Ridge Business Journal, Gentry Locke attorney Matt Broughton was quoted regarding forensic accounting. Forensic accounting is used when a company suspects an employee of a white collar crime such as embezzlement or fraud, or when such financial research might assist companies in business transactions.
The article, which was written by Christina Motley, quotes Broughton as follows:
"Forensic accountants are like medical examiners," said Matt Broughton, a partner with Gentry Locke Rakes & Moore, which represented a company with an internal bookkeeper who created a fake expense category and paid that "vendor" $3,500 monthly until the owner realized the company was losing money.
Forensic accountants also can help business partners determine different methods to value their company, if one wants to sell to the other, he said.
To read the full article, click on the Outside link below.
Related Outside link:Read the full Blue Ridget Business Journal article