Forensic accountants are professionals who specialize and are skilled in tracing cashflows and examining voluminous financial data to discern patterns of fraud and asset concealment. A&C utilizes financial analysis techniques to examine unexpected relationships in financial information. If the investigation reveals unexpected deviations in relationships, they may most likely indicate errors, but also might indicate [...]
As each day generally has more things on the to-do list than can actually be checked off, bank reconciliations may seem to be an unnecessary chore, especially with the ease of access to online banking activity and the ability to track transactions in real time. However, continuing to push this task down the priority list [...]
COVID-19 has disrupted businesses around the world. Business interruption coverage, often a part of a commercial property policy, has many people’s attention. Communicable disease coverage, civil authority coverage, and contingent business interruption coverage are also among most visited coverages as policyholders try to assess whether their policies provide coverage during these times. Most businesses did [...]
Updated as of June 4, 2020 The U.S. Senate passed the House bill, called the Paycheck Protection Flexibility Act of 2020, Wednesday night, tripling the time for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. Some highlights, which loan borrowers would be most interested [...]
As previously discussed in A&C’s article on COVID-19 and Business Interruption Insurance: Frequently Asked Questions, COVID-19, or Coronavirus, has impacted businesses worldwide. As a company analyzes and documents a business income loss claim, a critical aspect involves an examination of the insurance policy. The policy defines areas of coverage that will indemnify the loss, however [...]
COVID-19, or Coronavirus, has impacted most if not all of the businesses worldwide. Some have been impacted since the beginning of 2020 while others may be just starting to feel the impact over the past few weeks. Many have been questioning whether the losses of income are covered under business interruption insurance. What is Business [...]
A&C has extensive experience in a wide variety of Business Interruption (“BI”) loss calculations. All business is subject to interruptions: fires, hurricanes, tornadoes, power outages, theft, or vandalism, etc. Most business owners understand that it is in their best interest to manage the cost of a potential loss. To include a business interruption insurance/business income [...]
Ahuja & Clark, PLLC A&C experts provide independent, fact-based assessments useful in resolving business interruption disputes. The business interruption accountants at A&C are adept at analyzing historical accounting records, company work papers, and insurer work papers to provide a full understanding of the insurer's investigation. The firm has in-depth industry knowledge and sophisticated quantitative skills [...]
If your insured/organization has been affected, A&C can help manage business interruption. Business Interruption Business interruption insurance is designed to do for the insured what the business itself would have done had no interruption occurred. This type of coverage usually comes into play to reimburse an insured for losses sustained due to the total or [...]
