News

CJBS RECEIVES SECOND CERTIFICATION IN
FORENSIC ACCOUNTING

NORTHBROOK, Illinois, August 25, 2009 – Catherine Eusebio, a Senior Forensic Associate and member of the Financial Investigation and Litigation Support team at CJBS, Northbrook, Illinois, has received the designation of Certified Financial Forensic Analyst (CFFA) accredited by the National Association of Certified Valuation Analysts (NACVA). The NACVA certification process required fifty hours of class room forensic studies and the passing of an eight hour examination.

Forensic accounting is the practice of financial investigation using business records, bank statements, and tax returns for the purpose of deciphering complicated data and preparing reports for attorneys to use in research, negotiations or court proceedings. In private practice, forensic accounting is used to help clarify and resolve a wide number of legal disputes, including shareholder disagreements, malpractice claims, business dissolutions, bankruptcy proceedings, and divorce proceedings, as well as fraud and embezzlement.

According to Larry Goldsmith, partner at CJBS and leader of the firm’s Financial Investigation and Litigation Support group, "The recognition by attorneys of forensic accounting as an important tool in the litigation process has been steadily increasing.CJBS has offered forensic investigation and consulting services to its clients for years and we continue to expand our capabilities in that area. Catherine’s recent certification provides the firm with additional resources and capabilities in a growing area of our practice."

Ms. Eusebio received a degree in Accounting and Finance from Loyola University and is a member of the AICPA and the Illinois CPA Society. Prior to joining CJBS in December, 2008, Ms. Eusebio was a Senior Audit Associate with the Reznick Group.

CJBS PARTNER LARRY GOLDSMITH RECEIVES DUAL CERTIFICATION IN FORENSIC ACCOUNTING

NORTHBROOK, Illinois, January 27, 2009 – Larry Goldsmith, JD, CPA, and member of the Litigation, Asset Protection and Tax Practices teams at CJBS, Northbrook, Illinois, has received the designation of Certified Financial Forensic Analyst (CFFA) accredited by the National Association of Certified Valuation Analysts (NACVA). He has also received a Certified Financial Forensic certificate from the AICPA parent organization of the certified public accounting (CPA) industry. The NACVA certification process required fifty hours of class room forensic studies and the passing of an eight hour examination.

According to Mr. Goldsmith, who is both a licensed attorney and a certified public accountant, "The field of forensic accounting, which is really the art of finding what others are trying to hide, has increasingly become a science. Traditionally, a CPA enters the profession with knowledge in tax and accounting issues, but with limited familiarity with the process of discovering evidence, calculating damages and forensic skills. Forensic accounting is where the legal and accounting professions intersect. They work as partners in handling and proving litigation matters."

Mr. Goldsmith, who has more than 30 years experience as an accountant and has been appointed as an expert witness in more than 50 court cases, added, "As an attorney and a licensed CPA, forensic accounting is a natural area of specialization for me. My background and experience has enabled me to help lawyers and their clients quickly determine the extent of damages or the defenses available in commercial litigation and divorce. The intensive forensic accounting study course I have recently completed will make my efforts more effective and efficient."