Financial Loss and Damage Determination

Financial losses and damages come in many forms. Sadly, we live in a litigious society where a misstep can be financially devastating. These occur in bankruptcy, insolvency, restructuring, business and intellectual property damage situations, business interruption, commercial damage and lost profit scenarios, personal injury, and wrongful deaths.

Occupational fraud is sometimes considered to be the largest and most prevalent threat. This is fraud committed against the organization by its own officers, directors, or employees. It constitutes an attack against the organization from within, by the very people who were entrusted to protect its assets and resources. The existence and extent of these loses and damages are often subject to contentious disagreement and legal challenges. They need to be determined with reasonable accuracy.

Financial forensics is a professional discipline that combines criminal investigation skills and financial auditing skills to identify criminal financial activity occurring either within or outside of an organization. Financial forensics may be used in the prevention, detection and recovery phases of actual or potential criminal activity. It may also be used to provide oversight to private- sector and government organizations, and to assess an organization’s potential vulnerability to fraudulent activities.

Mark holds the Certified in Financial Forensics (CFF) designation awarded by the American Institute of Certified Public Accountants (AICPA). He is a Legal Professional Member in good standing with the National Association of Certified Valuators and Consultants (NACVA).

Mark has held the Certified Fraud Examiner designation since 2002. He has worked fraud and embezzlement cases and assisted in the criminal prosecutions of the perpetrators. He has been a Certified Financial Crime Specialist since 2015.

With locations in the St. Louis, Missouri, and Louisville, Kentucky Metropolitan areas, contact Mark through the website, at (888) 455-3228 or email, mfrey@freytaxfinancial.com to learn more. 

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Mark Charles Frey CPA CFE CFP J.D.

mfrey@freytaxfinancial.com