Re: [at-l] Solar Bear's Wild Wall Street Adventure :)

["Richard S. Lubitz" <lubitz@alpha.fdu.edu>]

Redhead wrote:
> 
> I have to ask . . . 
> 
> what is "forensic accounting?"  Sounds like something you'd do to the finances
> of people who have passed away....... or after your finances die due to Solar
> Bears playing with the stock market . . . .
> 
> surely not  :)
> 
> The Redhead
> Ga > Me  00
> * From the Appalachian Trail Mailing List |  http://www.backcountry.net  *
> 
The term forensic has to do with the law and courts.  When most people hear 
the word they think of forensic medicine which is the coroner's office.  
Forensic accountants are called in in divorce cases ans other litigation.  An
example would be one of the cases on my desk right now.  It involves a woman
who was involved in an auto accident.  Due to injuries sustained, she allegedly 
could not run her business and claims to have lost money therefor.  We were 
called in to examine the books of the business to determine what, if any, losses
were incurred as a result of the accident.  I addition to litigation support 
like this, we also do insurance accounting wherein we will examine the records 
of an insured after a loss such as a fire and determine the extent of the loss.

Now that you know all there is to know, this forensic accountant will return to
his study of maps to determine this weekend's destination.

Richard S. Lubitz, C.P.A.

(oops, wrong sig line)

Happy trails, 
Rich
* From the Appalachian Trail Mailing List |  http://www.backcountry.net  *

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