FVC2225. How to Conduct a Lifestyle Audit (and make it stick in court)

This session is relevant to forensic accountants that prepare income stream analyses for family matters. Without a forensic analysis, the courts and mediators will rely only on available documentation such as income tax returns – but what if the lifestyle indicates that the income far exceeds what is reported to the revenue authorities? Using my experience gained in the 28 plus years I worked at Canada Revenue Agency as an auditor and criminal investigator, I will go through techniques to identify, quantify and present ‘real’ income for purposes of determining support entitlements in family litigation.

Learning Objectives:

• Evaluate circumstances where indirect verification of income is applicable
• Assess indirect verification of income audit techniques