Job Description
Forensic CPA / Forensic Accountant Needed: Audit S-Corp Records and Investigate Misallocated Distributions
Substantial documentation has already been organized (bank records, QuickBooks exports, distribution reports, and reconciliations), allowing the forensic accountant to focus immediately on analysis rather than document discovery.
CPA strongly preferred. Candidates with forensic accounting, fraud investigation, shareholder dispute, or litigation support experience are strongly encouraged to apply. Knowledge of Florida corporate and financial law is preferred.
Scope of Work
I am seeking an experienced forensic CPA or forensic accountant to conduct a forensic audit and financial reconstruction of the financial records of a former company in which I was a 50% shareholder.
The company operated as an S-Corporation with two equal 50/50 owners. One partner controlled the company’s accounting systems, QuickBooks records, payroll, and backend financial administration, while I handled operational management and revenue generation.
After the sale of the company in June 2024, I obtained full access to the financial records and discovered what appear to be significant discrepancies in how shareholder distributions were recorded and allocated within the accounting system.
The purpose of this engagement is to conduct an independent forensic review of the financial records to determine whether shareholder distributions were improperly recorded, misclassified, or misallocated.
The initial objective of this analysis is to determine the total financial impact of the discrepancies so the findings can first be presented to the former partner in an attempt to resolve the matter privately. Certain aspects of the issue have already been acknowledged internally. However, if the matter cannot be resolved, the findings may ultimately be used in civil litigation or submitted to appropriate regulatory or law enforcement authorities if necessary.
Responsibilities
The selected forensic accountant will be asked to:
- Review company bank statements, QuickBooks records, general ledger entries, and financial reports
- Reconcile accounting entries against actual bank transactions
- Analyze shareholder distributions within a 50/50 S-Corporation structure
- Identify any misclassified or improperly allocated distributions
- Reconstruct the distribution history of the company
- Identify any journal entries or adjustments that inaccurately attributed withdrawals between shareholders
- Determine whether the accounting records accurately reflect the actual movement of funds
- Quantify the total financial impact of any discrepancies
Particular attention should be given to distribution records, equity adjustments, journal entries, and any transactions that appear to have been recorded differently in QuickBooks than how funds actually moved through company bank accounts.
Deliverables
The deliverable should include a formal forensic accounting report that provides:
- A clear explanation of the methodology used in the analysis
- Reconciliation schedules showing bank activity vs accounting entries
- Identification of any discrepancies or irregular accounting entries
- Quantification of the total financial impact
- Supporting calculations and documentation
The report should be prepared in a clear, professional, and defensible format that could be reviewed by attorneys, regulators, or other authorities if necessary.
Documentation and Preparation
A substantial portion of the groundwork has already been completed.
Relevant documents have already been collected and organized, including:
- Company bank statements
- QuickBooks exports and financial records
- Distribution reports
- Internal financial analysis identifying discrepancies
- Supporting financial documentation and correspondence
Preliminary internal review has already identified transactions that appear inconsistent with how they were recorded in the accounting system, which will allow the forensic accountant to focus immediately on verification, reconciliation, and independent analysis.
Ideal Candidate
Looking for someone with experience in:
- Forensic accounting investigations
- Shareholder disputes or partner fraud matters
- S-Corporation financial analysis and distributions
- QuickBooks forensic reconstruction
- Litigation support or expert accounting reports
Preferred credentials:
- CPA (strongly preferred)
- CFF (Certified in Financial Forensics)
- CFE (Certified Fraud Examiner)
- Knowledge of Florida corporate or financial law preferred
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