Long Island Forensics & Valuation Services
Comprehensive Forensic Accounting, Valuation, and Litigation Support Services
Our Services
We are court appointed forensic accountants often appointed as neutral experts. Our professionals have the unique skillset and credentials to assess, investigate, research, analyze and report findings in these important areas.
Forensic Accounting
In fraud and in other types of investigatory engagements, the role of a Forensic Accountant is to analyze data, strategize, audit and investigate evidence that helps decipher transactions and activities that intentionally or in some cases unintentionally affect an organization.
In some cases, we work closely with investigators with the common goal of accessing information, and then interpreting them to provide a conclusion about missing assets, transfers of funds, fraud, and false reporting of income and assets. The surface is often critical to providing findings of criminal activity, and or other types of misappropriation.
We are often asked to provide record reconstruction services when information has either been destroyed, neglected or misplaced. Often we are asked in our role as CPAs to provide them in a format that would facilitate tax filings, insurance claims, net worth analysis, settlement negotiations, and in some cases litigation.
Business Valuation
“Everything is worth what a purchaser will pay for it” Publius -1st Century B.C.
Oliver Wendell Holmes said, “all values are anticipations of the future” Businesses are purchased to realize a present and future benefit. The most prevalent reason to value a business is determine what price should be paid between a buyer and seller and depending on which party you are, the motivation for valuation will be different. Arriving at a value requires analyzing one or more different methods, approaches and disciplines to be able to arrive at a range of values. Common sense, informed judgment and reasonableness are important.
Factors to consider:
- History and nature of the business
- Industry and general economic outlook
- Book value and financial condition
- Earnings capacity
- Dividend paying capacity
- Goodwill
- Premiums and discounts
- Restrictive agreements
We perform business valuation services for:
- Estate planning and administration
- Gifting
- Shareholder and partner disputes
- Mergers and acquisitions.
- Allocation of purchase price
- Buy/Sell agreements.
- Economic Damage calculations
- Divorce
Our firm’s principal was the technical writer for the accounting profession’s one and only Business Valuation Standard, AICPA’s SSVS #1. Our reports exceed and satisfy every professional requirement for Business Valuation including but not limited to federal and state courts, the IRS, and the Commerce Clause of the US.
Expert Testimony
As Certified Public Accountants and credentialed business valuation experts, our professionals are widely recognized for the expertise, skill, and experience that are necessary for expert witness testimony in a variety of circumstances, such as
- Business Valuation
- Shareholder and Partner Disputes
- Professional Malpractice
- Economic Damages
- Matrimonial Matters
Litigation Support
When matters turn to a court or a mediator for resolution there are many instances where the expertise of qualified forensic accountants are needed to resolve the issues. In many circumstances, it is necessary to interpret some of the most complex financial documents that are part of the discovery process in court proceedings.
Sometimes working in conjunction with private investigators to strategize and assess what documents are necessary to move the litigation in the most productive way to proceed. Providing detailed analysis, tax ramifications, developing document requests, conducting interviews and assisting in pretrial depositions are some of the most important ways that we provide invaluable support and litigation. Interpreting opposing counsel’s financial expert reports and providing expert witness testimony are critical in cases that are in settlement discussions and if those discussions are exhausted, at the trial that ensues.
Our expertise in these areas have been an important service that attorneys and their clients have come to rely on.
Additional Services
We are court appointed forensic accountants often appointed as neutral experts. Our professionals have the unique skillset and credentials to assess, investigate, research, analyze and report findings in these important areas.
Investigations
Record Reconstruction
Net Worth Calculations
Accountant Malpractice
Professionals That Rely On Our Services
Anthony Basile
Ph.D., CPA, CVA, CFE
Dr. Anthony Basile, the founder of Long Island Forensic & Valuation Services, is a licensed CPA, Certified Valuation Analyst, and Certified Fraud Examiner. As a distinguished professor at Hofstra University, he specializes in forensic accounting and taxation. His research has earned national recognition, including a noted citation by the 9th Circuit Court of Appeals.
A respected media contributor and expert witness in business valuation, Dr. Basile also played a pivotal role in developing the AICPA’s SSVS #1 business valuation standard as its technical writer, and holds leadership positions within the accounting profession at the local, and New York State level.
Romina Martin
CPA in Accounting
Romina Martin holds a B.B.A. in accounting from Hofstra University and started her career with one of the Big 4 accounting firms. After several years, she went on to work at an independent global business advisory firm working to help organizations manage change, mitigate risk and resolve disputes in the financial, legal, operational and transactional areas, involving forensic accounting and business valuations.
Romina has been at our firm for many years and as a seasoned and tested forensic accountant. Romina brings a wealth of expertise in financial investigation, fraud detection, and litigation support. With an unwavering commitment to uncovering financial irregularities and providing expert analysis, she has become a trusted professional in this very specialized field.