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Q: What are other uses of forensic accounting, fraud investigations, and CFE services?

A:These services are often used in litigation support, management advisory engagements, and business consulting engagements including: shareholder and owner dispute resolution; merger and acquisition due diligence; divorce cases including discovery of hidden assets and property settlements or business valuations (of closely held companies) based on financial statements or information that is fraudulent or in error; embezzlement and theft loss cases; bankruptcy cases including fraudulent financial reporting, property transfer schemes, inflated appraisal schemes, and property flip schemes; unauthorized fraudulent transfers by guardians or power of attorney; unique aspects of fraud involving governmental construction contractors and applicable notice requirements; purchases of businesses subsequently determined to be based on fraudulent financial reporting; Insurance recovery claims from loss due to theft or fraud; and expert witness services related to these types of cases.

Q: What is meant by the terms “forensic accounting” and “fraud audit”?

A:These terms are normally synonymous and are interchangeable. Just as the popular television series CSI investigator is specially trained to investigate the crime of murder answering the questions of who, when, how and why, the CFE has special unique training in the area of fraud investigations to determine whether the crime of financial fraud was committed and if so: who committed the fraud, how the fraud was perpetrated, the extent and effect of the fraud, who else was involved, and the proper course of action including what to do in order to prevent and detect fraud in the future.

Q: What do I do if I suspect fraud in my business?

A:Kemper CPA Group professionals including not only CPAs, but CPAs who have also earned the designation of CFE (Certified Fraud Examiner), are available to assist and advise you of the steps to take if you suspect fraud in your business. These steps may include a formal investigation of the alleged fraudulent activities or an evaluation of internal controls tailored to your business and industry.

Q: When can I get my money from my qualified retirement plan?

A:You will need to refer to your summary plan description (SPD) for plan provisions relating to distributions from your plan. Not all qualified plans allow for distributions while you are still employed with the employer sponsoring the plan. After you terminate employment, the timing of your distribution will depend on the plan provisions.

Q: As a business owner, how can I maximize my contribution to my qualified retirement plan?

A:Our employee benefits team will work with you to design the plan that will help you in working toward your retirement planning goals. Plans may be designed to minimize employee contribution cost, while maximizing owner contributions. They may also be designed to promote recruitment and retention.

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