Background in corporate performance, internal controls, and financial reporting aids J.S. Held forensic accountant's approach - leveraging simple analytics to identify discrepancies in financial records to support financial investigations.
JERICHO, N.Y., May 1, 2025 /PRNewswire-PRWeb/ -- J.S. Held releases a case study on The Value of Simple Analytics In Financial Investigations, exploring how forensic accountants use analytics to identify discrepancies in financial records and support financial investigations. Beyond the investigation of financial crimes, forensic accountants are well equipped to help companies untangle financial records when a company suspects financial records are not properly reflected due to errors. Regardless of the nature of the engagement, the use of analytics can help the forensic accounting professional identify areas to investigate and can provide an indication of the reasonableness of the financial results.
In this case study, Pamela Hefner applies her background in corporate performance, internal controls, and financial reporting to explore how forensic accountants leverage analytical tools to uncover inconsistencies in financial records and aid in financial investigations.
Analytics alone are not always sufficient when conducting financial investigations. Interviewing personnel and stakeholders provides much needed context, even when malfeasance is not suspected. An inquisitive mindset, understanding transaction flows, and strong knowledge of accounting and auditing are critical aspects of forensic accounting. In addition, supporting documentation is necessary to verify assertions. However, Ms. Hefner adds, "in this era of large data, knowing where to start can make a tremendous difference in the effectiveness of an investigation. Analytics provide a quick way to determine if results are in line with expectations and can highlight areas of focus that serve as a launching pad for the investigation."
J.S. Held expert Pamela Hefner conducts financial analysis to provide business, financial, and accounting advice to attorneys and their clients throughout the commercial litigation and investigation process. Ms. Hefner has provided expert support across multiple industries, including retail, manufacturing, food and beverage, and local government.
Ms. Hefner has testimony experience and has developed and presented economic analysis results to city government councils, franchise advisory boards, and C-level executives. Her expertise has empowered informed decision-making across diverse sectors, ensuring data-driven strategies and impactful outcomes. She excels in translating complex economic data into actionable intelligence. Ms. Hefner provides expert witness and consulting services in accounting, investigations, and litigation, with specific expertise in damages calculations, class certifications, and fraud examinations.
Read The Value of Simple Analytics In Financial Investigations and learn more about forensic accounting in financial investigations.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
More than 1,500 professionals serve organizations across six continents, including, 84% of the Global 200 Law Firms, 75% of the Forbes Top 20 Insurance Companies (90% of the NAIC top 50 Property & Casualty Insurers), and 71% of the Fortune 100 Companies.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC, or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
Media Contact
Kristi L. Stathis, J.S. Held, +1 786 833 4864, [email protected], JSHeld.com
SOURCE J.S. Held
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