How does a forensic accountant calculate financial losses? Federal courts have approved various ways to calculate losses ranging from net worth method of proof to the expenditures method. Each method of proof depends on the available facts to the forensic accountant. This presentation will focus on the various court approved methods of proof, when to use them, and how to calculate the total loss. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Determine the common weaknesses in a criminal tax investigation.
- Identify the key documents to review (In a sea of thousands of documents).
- Select questions for your client to use in court proceedings.
Major Topics
The major topics that will be covered in this course include:
- Introduction to IRS Criminal Investigation (CI): Overview of its mission, role, and significance in maintaining tax compliance.
- Historical Evolution: From its inception in 1919 to its current role, highlighting key milestones and notable cases.
- Investigative Techniques and Tools: Detailed look at the methods and technologies used by CI agents to uncover financial crimes.
- Importance of IRS CI: Discussion on the impact of CI’s work on tax compliance, public confidence, and the broader financial system.
- Training of CI Agents: Insight into the rigorous training programs at FLETC and ongoing professional development.
- Process of Investigations: Step-by-step breakdown of how tax fraud and money laundering cases are initiated, investigated, and prosecuted.
