Woodbury, NY (PRWEB) November 25, 2013
Gettry Marcus CPA, P.C., provides an overview on electronic discovery, an emerging area in litigation support in 2013.
Electronic Discovery (“E-Discovery”) is a fast emerging area in litigation support, especially with the increased use and reliance on technology. If used properly, it can streamline the discovery process, while producing a more comprehensive and accurate work product for your client.
E-Discovery is the process in which electronic data is located, obtained, secured, and searched with the intent of using it as evidence in a legal proceeding. A primary advantage of using E-Discovery is that digital data can be searched and analyzed with ease, whereas paper documents must be manually searched, which can be a time consuming task. Another advantage of E-Discovery is that digital data is very difficult and almost impossible to completely destroy, especially if the data is saved on a network. Even if the data is not saved on a network, it is difficult to completely destroy because there are forensic tools available to an investigator that can reconstruct all if not parts of a deleted file.
All electronic forms of data can serve as evidence in E-Discovery. Some of the more common forms of data that forensic accountants come across include e-mails, spreadsheets, word files, databases, images, and cell phone files. E-mails tend to be one of the more valuable sources of evidence for an investigation, as most people are often careless when exchanging e-mails. If the sender attempts to delete an e-mail the investigator will first try to restore the e-mail, either through the network or through the use of a forensic tool. If the investigator cannot fully restore the e-mail, they will have the option to subpoena the receiver of the e-mail and/or the e-mail provider to obtain a copy of the e-mail in question, along with all subsequent e-mails.
E-Discovery is a growing and complex field that needs to be fully understood before applying, as it gives rise to many legal issues. As such, it is important to hire a litigation support firm with the skills and knowledge to successfully bridge the gap between E-Discovery solutions and traditional print documentation services.
To learn more about the Gettry Marcus Business Valuation and Litigation Support Group and how we might be able to help you better understand the different standards of value employed in a business valuation, please feel free to contact:
Fayellen Dietchweiler at 516-364-3390 ext. 225 or via email at fdietchweiler(at)gettrymarcus(dot)com.
Gettry Marcus CPA, P.C. is a Top 200 firm nationally with offices in Woodbury, Long Island and New York City. We provide accounting, tax, and consulting services to commercial businesses, high net worth individuals and various industries which include Real Estate and Health Care. We have one of the premier and most credentialed Business Valuation, Litigation and Forensic Accounting Groups in the New York Area. Our experience in diverse industries and a highly talented and experienced professional staff gives us the ability to share valuable insights into our clients’ businesses, to better understand their goals and problems and to help them attain the vision they have for their company.
Gettry Marcus is "Always Looking Deeper" to build value for our clients.