Comment: Why Do Forensic Accountants Think They Can Value Business?
January 21, 2011
Davis Coffer Lyons Valuation Director, Trevor Watson, is currently experiencing heavy demand for his services from clients who are going through litigation, where the Court or their solicitors have advised the company that they need forensic accountants to advise on the value of the business.
Trevor Watson warns companies to be wary: “These accountants do not have the skills to put together and analyse accounting information, nor the market knowledge to advise on value. As a specialist trade related valuers, DCL has the skills to do both these things the industry-specific knowledge of accounts and the market knowledge of values.”