April 15, 2024
Marcum’s David Glusman, Edward Waddington, and Jesse LaGrossa share their insights on equitable accounting for Practical Law
Practical Law
By David Glusman, CPA/CFF, FABFA, CFS, Cr. FA, Partner, Advisory Services, Edward Waddington, CPA, Partner, Advisory Services & Jesse LaGrossa, CPA/CFF, CVA, CFE, Senior Manager, Business Valuation, Forensic & Litigation Services
Excerpt:
In an intra-business dispute, the need for an accounting typically arises where a holder of ownership interests in an entity seeks to evaluate the propriety of financial transactions undertaken by a fiduciary. The results of the accounting allow a court to determine whether any sort of restitution or reallocation of funds is required as a matter of equity.
