• Financial Forensics - QuickRead Top Story

    The Role of Forensic Accountants

    in Detecting Fraud in Business Interruption Claims (Part II of II) Business interruption claims are generally closely scrutinized by insurance carriers and can range from thousands of dollars, to claims exceeding $100 million. Insurance carriers often seek the assistance of either internal or external forensic accountants to analyze such claims. During their analysis, forensic accountants often detect the possibility of fraud in a claim, prompting further investigation by the carrier. This second part presents a business interruption case example that illustrates how to analyze business interruption fraud claims and explains the considerations by insurance carriers when hiring external accountants. Read…