Summit Forensic Accountants Information

Summit Forensic Accountants analyse, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported. The role includes testifying in court as an expert witness. Summit Forensic Accountants are able to assist in all matters regarding the calculation of quantum. CALCULATION OF DAMAGES Summit Forensic Accountants provide a broad range of litigation support, primarily with issues related to the quantification of economic damages for personal injury, professional negligence or breach of contract. For the purposes of Loss of Income and Loss of Support calculations, particularly in the case of self-employed individuals where earnings cannot be established through traditional means, Summit Forensic Accountants gain an in-depth understanding of the claimant’s business activities before and after the incident. This enables an accurate assessment of the past loss and a most reasonable projection for future earnings. SETTLEMENT OF MATRIMONIAL DISPUTES Matrimonial disputes often require the valuation of assets or the estate. BUSINESS VALUATIONS Summit Forensic Accountants calculate the value of the businesses based on Required Return on Investment, Discounted Cash Flow or Net Asset Value. The valuation will take into account the fundamentals of the business in order to determine the current “health” of the business as well as the likely growth trajectory.