Services

Business Interruption

Our forensic accountants provide timely analysis of claims arising from incidents such as accidents, fires and explosions, natural disasters such as flooding, man made disasters, and human error or negligence that result in reduced revenues and lost profits.

For business interruption claims, we determine the lost production and/or sales and extra expenses incurred or saved as a direct result of the loss for the extent of the loss period. We also evaluate the effect of the business interruption on projected revenues, expenses and profits.

Our forensic accountants perform a detailed review of the company’s operational and financial records as well as a comparison of projected results versus actual results. We also look at the seasonality of the business and separate out any losses incurred that are not a result of the incident. We request and analyze additional documentation to support the claim, as necessary.

Through working alongside our client, and any contractors, engineers, and consultants, we assist in determining the loss amount and achieve successful resolution of disputes that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Business Property

Our forensic accountants provide timely analysis of claims resulting from incidents such as accidents, fires and explosions, natural disasters such as flooding, man made disasters, and human error or negligence that result in Business Property and Personal Property losses.

We review all relevant claim related documentation, such as financial statements, tax documents, and inventory, material, and equipment quantities and costs. This is done in an effort to verify any equipment, inventories, machinery, and other property claimed regardless of whether it is an in sight loss or an out of sight loss.

Additionally, we work to determine the value of raw material, works-in-progress, and finished goods claimed, when necessary.

We also request and analyze additional documentation to support the claim.

To determine the loss amount, and successfully resolve any disputes that might arise, we work along with our client, and any contractors, engineers, and consultants.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Construction

Our forensic accountants provide timely analysis of construction claims arising from accidents, criminal mischief, fires, flooding, human error or negligence, etc.

We are experienced in all types and phases of construction from new homes to municipal construction projects.

Our forensic accountants analyze pre-construction and post-construction costs as well as any other relevant information to determine the costs attributable to the loss and to facilitate a successful resolution of the claim. We request and analyze additional documentation to support the claim.

We review costs and relevant documentation, such as:

Direct and indirect labor costs, to include:

  • Descriptions of the work performed
  • Verification of all claimed hours and rates
  • Fringe benefits
  • Sub-contractor costs

Material costs, to include:

  • Invoices pre and post loss
  • Payment information
  • Price testing for accuracy

In addition, our senior staff can provide expert witness testimony for resulting claims.

We work along with our client, and any contractors, engineers, and consultants necessary to determine the loss amount and achieve successful resolution of any dispute that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Errors and Omissions

CGM Accounting Associates, Inc.’s forensic accountants are knowledgeable in claims that arise as a result of Errors and Omissions that may cause personal injury, property damage, or financial injury.

Policies generally available to professions that require protection for negligent acts and/or omissions resulting in bodily injury, personal injury, and/or property damage liability to a client. For example, insurance agents are constantly exposed to the claim that inadequate or improper coverage was recommended, resulting in the client suffering a loss of indemnification. If sustained, the agent (or the carrier) would have to make good the claim of the client without the adequate insurance coverage.

Through an analysis of relevant documentation, we determine the loss incurred due to inadvertent Errors and/or Omissions.

We work in conjunction with our client to determine the restitution amount.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Extra Expenses

Our forensic accountants provide timely analysis of Extra Expenses incurred as a result of accidents, fires and explosions, natural disasters such as flooding, man made disasters, and human error or negligence.

We review all relevant claim related documentation, such as financial statements, inventory, material, and equipment costs, direct and indirect costs, payroll expenditures, etc. We request and analyze additional documentation to support the claim.

We evaluate and audit extra expenses incurred to determine whether or not the claimed expenses are as a result of the loss. We also determine the extent of any saved or non-continuing expenses and identify extra expenses to be claimed under Business Interruption.

We work along with our client, and any contractors, engineers, and consultants necessary to determine the loss amount and achieve successful resolution of any dispute that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Loss of Earnings

Our forensic accountants are experienced in cases involving Loss of Earnings and Future Earnings.

We review all relevant claim related documentation in an effort to calculate the Loss of Future Earnings. When necessary, we utilize tables such as the Work Life Expectancy table in our analysis. We take into consideration the state within which the claimant resided to make applicable adjustments to the loss amount.

We request and analyze additional documentation to support the claim, as necessary. We work along with our client to determine the loss amount and successfully resolve any disputes that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Lost Rent

Our forensic accountants are experienced in cases involving Loss of Future Earnings.

We review all relevant claim related documentation in an effort to calculate the Loss of Future Earnings. When necessary, we utilize tables such as the Work Life Expectancy table in our analysis. We take into consideration the state within which the claimant resided to make applicable adjustments to the loss amount.

We request and analyze additional documentation to support the claim, as necessary.

We work along with our client to determine the loss amount and successfully resolve any disputes that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Lost Wages

Our forensic accountants are experienced in cases involving Lost Wages.

We review all relevant claim related documentation in an effort to calculate the Lost Wages, such as pre-loss earned income as well as post-loss earned income. In addition, we verify the claimant’s occupation, loss period, salary, and hours worked.

We request and analyze additional documentation to support the claim, as necessary. We work along with our client to determine the loss amount and successfully resolve any disputes that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Product Liability

CGM Accounting Associates, Inc.’s experienced forensic accountants provide timely analysis of Product Liability claims.

We calculate any Business/Personal Property Damages, Extra Expenses, Business Interruption/Loss, and any associated costs that are covered under the insurance policy as determined by the insurance carrier.

We also request and analyze additional documentation to support the claim.

To determine the loss amount, and successfully resolve any disputes that might arise, we work along with our client, and any contractors, engineers, and consultants.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Surety/ Fidelity Bonds

Our forensic accountants have experience in valuations of Surety/Fidelity Bond losses that occur as a result of dishonest or fraudulent acts by employees, to include embezzlement, fraud, theft of money, as well as the misappropriation of assets and merchandise.

We evaluate and audit financial information necessary to separate out any fraudulent activity.

We work in conjunction with our client to determine the restitution amount.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

Workers Compensation

CGM Accounting Associates, Inc.’s forensic accountants are experienced in cases involving both Workers Compensation and Disability claims.

We review all relevant claim related documentation in an effort to calculate the Workers’ Compensation and Disability claims.

An analysis of both pre and post disability personal and business income documentation is performed for both Workers’ Compensation and Disability claims. This includes identification of the pre-disability and post-disability earned income, and verification of the claimant’s occupation, loss period, salary, and hours worked. We also evaluate and audit claimed expenses incurred when required.

We request and analyze additional documentation to support the claim, as necessary.

We work alongside our client to determine the loss amount and successfully resolve any disputes that might arise.

Finally, we report on our findings in a clear, concise, and easy to understand format.

We are committed to providing prompt and reliable professional service to our clients at a cost effective rate. We maintain a flexible staff and schedule, so that we can accommodate each assignment as required by our client.

New York

(212) 766-4050

(973) 301-9091

info@cgmaa.com

Headquarters

New Jersey - North

(973) 301-9020

(973) 301-9091

info@cgmaa.com

New Jersey - South

(856) 213-6658

(267) 324-5523

info@cgmaa.com

Pennsylvania

(267) 324-5533

(267) 324-5523

info@cgmaa.com

Texas - Dallas / Fort Worth

(214) 499-5691

(973) 301-9091

info@cgmaa.com