Forensic Strategic Solutions is a full-service financial investigation firm offering a range of services across five integrated practice areas: fraud examination, investigative financial consulting, litigated business valuation, forensic technology and accounting malpractice. Our team of professionals combines deep experience in fraud investigation and litigation consulting with advanced data analytic techniques to arm our clients with fact-based, clearly-illustrated data and defensible positions, best situating them to resolve financial disputes in courts of law and other forums.
We serve as an unrivaled cyber investigation resource by seamlessly integrating our capabilities in advanced data analytics and fraud investigation with our partners’ specialized expertise to protect against, identify, and respond to sophisticated organizational attacks led by internal or external threats.
Our team is composed of forensic accountants, financial investigators and data analysis experts who understand and comprehensively assess financial data to detect fraud, illustrate and testify about fraudulent activities, and identify and offer recommendations to protect business processes that are prone to future abuse.
Analyzing Assumptions in a Cash Flow Forecast
Forecasts of future cash flows within the income approach to business valuation are loaded with assumptions. During my nearly two decades of business valuation experience, I have reviewed hundreds of valuation reports prepared by other experts that serve as a constant reminder that mathematical accuracy does not always equate to a reasonable value. I have seen erroneous assumptions made by business appraisers that range from illogical disconnects within the valuation to outright errors or unsubstantiated speculation.
Lost Earnings – Wrongful Termination – Civil Litigation
FSS was hired to compute reasonable and reliable estimates of lost earnings for several plaintiffs and to testify to our findings of economic loss in federal court. Three law enforcement officers filed a civil suit against their former employer alleging they were wrongfully terminated in retaliation for reporting to state officials allegations of corruption and […]
Ralph Q. Summerford Featured in Business Alabama on Fraud Prevention
Ralph Q. Summerford, president of Forensic Strategic Solutions, was featured in Business Alabama magazine in an article on fraud prevention. The article was published both online and in the publication’s July 2017 edition. In the article, Mr. Summerford stated that the most common fraud is committed by employees on employers. Mr. Summerford also discussed the […]