LMI Group have developed a reputation for providing a highly effective, quality service in the field of forensic accounting. Whether you require authoritative quantification of damages or an expert witness capable of providing objective expert testimony, LMI Group can assist you.

The professionals at LMI Group have the requisite financial and litigation expertise to provide you with a comprehensive expert report for use in litigation, mediation or arbitration. We understand the litigation process and possess the technical capabilities and investigative skills to present a balanced and commercial expert opinion.

In some instances our clients require us to give evidence in court to support our opinions. All reports provided by us, are prepared with this eventuality in mind.

LMI Group offers a comprehensive range of forensic investigation and expert evidence services in the following areas:

• Insurance investigations and recoveries including economic loss & personal injury litigation
• Commercial litigation
• Professional negligence claims
• Employment law

Forensic Accounting explained:

The integration of accounting, auditing and investigative skills yields the speciality known as 'Forensic Accounting'.

"Forensic", according to the Oxford Dictionary means, "1. relating to or denoting the application of scientific methods to the investigation of crime. 2 of or relating to courts of law".

"Forensic Accounting", provides an accounting analysis that is suitable to the court which will form the basis for discussion, debate and ultimately dispute resolution.

Forensic Accounting encompasses both Litigation Support and Investigative Accounting.

As Forensic Accountants, LMI Group utilise accounting, auditing and investigative skills when conducting an investigation. Equally critical is our ability to respond immediately and to communicate financial information clearly and concisely in both our reports and in a courtroom setting.

LMI Group's Forensic Accountants are trained to look beyond the numbers and deal with the business reality of the situation.

Other Terminology

Forensic Investigation

The utilisation of specialized investigative skills in carrying out an inquiry conducted in such a manner that the outcome will have application to a court of law.  A Forensic Investigation may be grounded in accounting, medicine, engineering or some other discipline.

Forensic Audit

An examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court.  An example would be a Forensic Audit of sales records to determine the quantum of rent owing under a lease agreement, which is the subject of litigation.

Internal Audit

An audit performed by an employee who examines operational evidence to determine whether prescribed operating procedures have been followed.

External Audit

An audit performed by an auditor engaged in public practice leading to the expression of a professional opinion which lends credibility to the assertion under examination.