Cannabis Forensic Accounting
Indiva Advisors, LLP, has offices in Nevada and Oregon, and is one of the most respected cannabis advisory firms in the world. We have a wealth of experience with the cannabis industry and a keen understanding of all the intricacies that go into compliance.
Forensic accounting is the application of accounting, auditing, and investigative skills to assist in legal matters. It involves the examination and analysis of financial information to uncover fraud, misrepresentation, or other financial irregularities.
Cannabis Fraud Detection And Investigation
The forensic accountants at Indiva can identify and investigate suspicious financial activity within your business, such as embezzlement or money laundering. In fact, if someone within your organization is involved in something shady, the last thing they want you to do is hire a forensic accountant.
Our team will review financial records and transactions to look for unusual or suspicious activity, such as the manipulation of accounting records or the misappropriation of funds. We'll also interview employees, review internal controls, and use various forensic techniques, such as data analysis and computer forensics, to uncover evidence of fraud. Once fraud is detected, we can assist in quantifying the financial loss and providing expert testimony in court.
Cannabis Risk Assessment
The forensic accountants at Indiva Advisors can help your business assess and manage its risk by evaluating its financial systems and processes to identify vulnerabilities. This includes reviewing internal controls, such as those related to financial reporting and compliance, to ensure they are adequate and functioning as intended. We'll also conduct testing of transactions and review of the financial records to ensure that they are accurate and complete.
Additionally, our team is able to assess the effectiveness of the current processes and procedures in place to detect and prevent fraud. We'll even recommend changes to improve your overall risk management program. We'll also assist in identifying areas where your company may be exposed to fraud and provide recommendations on how to mitigate those risks.
Help Ensure Regulatory Compliance
Our forensic accounting services can help cannabis businesses ensure compliance with laws and regulations by reviewing their financial systems and processes to ensure they meet legal and regulatory requirements. This is obviously of critical importance in the cannabis industry, where compliance obstacles are rampant. Our services include reviewing financial records and transactions to ensure they are accurate and complete, and that they comply with accounting standards and tax laws. We also review internal controls to ensure they are adequate and functioning as intended, and that they meet legal and regulatory requirements.
Additionally, Indiva can assist in the development and implementation of compliance programs, such as anti-fraud policies and procedures, to help your company meet legal and regulatory requirements. We can review and assess your company's financial data and reports to identify any trends or patterns that may indicate non-compliance with laws and regulations.
We even conduct testing of transactions and review of the financial records to ensure that they are accurate and complete and are compliant with laws and regulations. Furthermore, We can also assist in investigations into potential violations of laws and regulations and provide expert testimony in court.