Forensic Accounting

Our forensic accounting team has extensive experience and is highly qualified and knowledgeable in all aspects of forensic accounting.

Our team is routinely called upon to assist lawyers, barristers, regulatory authorities, insurers and private clients.

We provide a broad range of services including:

1. Business valuations: partnership disputes, commercial disputes, business sales, divorce settlements, matrimonial disputes
2. Commercial litigation: disputes, business interruption claims
3. Loss of earnings: personal injury, clinical negligence, pension losses, fatal accidents
4. Fraud: investigating allegations of fraud, asset tracing
5. Investigations: criminal proceedings, taxation and regulatory issues, Proceeds of Crime Act (POCA), NCA RART (Regional Asset Recovery Team), Confiscation Orders
6. Dispute resolution: consequential losses, compulsory purchase orders
7. Tribunal Cases
8. Expert reports
9. Insolvency disputes with liquidators
10. Due diligence work for business purchase

We have been instructed as a party appointed expert and as a single joint expert in legal proceedings for both civil and criminal assignments. Our team have appeared in Court on numerous occasions and are well versed in the complex legal procedures leading up to trial.

The team have been involved in a wide range of assignments from relatively small personal injury claims to larger commercial disputes.

We are appointed by lawyers and barristers and have a high record of favourable outcomes.  We act as an expert witness, producing detailed reports and attending Court, if required, but for smaller or less complex matters we can provide a brief advisory report or simply a calculation if more relevant in the circumstances.

At Shareef & Co, Chartered Accountants we aim to provide a robust, high quality, cost-effective service that is appropriate to each client’s needs. 

Our team is led by Naeem Shareef who has over 25 years experience as a Forensic Accountant.

Overview of cases

In a POCA case the Prosecutions Section 16 statement had adduced a benefit figure in excess of £1 million. After analysing all of the information provided by the Prosecution and requesting further information from the Defendant, the Prosecution’s figure was challenged and the benefit figure was eventually agreed at a significantly lower figure of £5,000.

In a POCA case the Prosecutions Section 16 statement had adduced a benefit figure of £302K. After analysing all of the information provided by the Prosecution and requesting further information from the Defendant, the Prosecution’s figure was challenged and the benefit figure was initially agreed at a significantly lower figure of £121K but later settled at £60K.

A new client approached us with a Personal Liability Notice (PLN) for VAT and Corporation Tax penalties amounting to £150K. After managing to reopen the case at Tribunal, we managed to agree a settlement with HMRC with nothing due. The PLN were successfully challenged and reduced to nil.