Diary of a forensic accountant: Part 3

ArticleNovember 2016

Insurance / Legal / Quantification / Investigation / Forensic Investigation

On a typical day, there is a wide variety of different tasks to be completed, from preparing calculations to writing reports to attending meetings, interacting with owners of a range of businesses, senior claims professionals from the insurance industry and various representatives from the legal profession.

As appeared in Economia, 9 November 2016.

By: Jack Torpey

On one such day, my first job was to finalise a calculation I had started the previous evening. We were assisting insurers in relation to a factory explosion in Asia, calculating the loss of profit suffered by both the company where the incident occurred and the group as a whole. We were in the finishing straight on this job, having spent over a year reviewing a huge amount of documents.

The final piece of the jigsaw was provided overnight by an industry expert from Australia, a member of the adjustment team, and I needed their technical input on how long repairs should have taken in order to finalise our calculation. This was a high-profile case in the specific insurance sector in which we work, so the eyes of the great and good were upon it. The calculations had to be correct.

Read the rest of the article at Economia

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