Minneapolis CPA Firm Specializes in Fraud Auditing, Divorce Accounting and Investigative Accounting

Online, October 17, 2011 (Newswire.com) - CPA firms typically focus on helping individuals and businesses to report financial information or minimize income taxes. Frank E. Nute CPA, LLC is different. Frank Nute, who launched the firm initially with a conventional accounting focus, has migrated into specialties that serve the specific needs of divorcing couples and small to midsize businesses that have a risk potential for fraud.

"After more than 20 years in my career as a Certified Public Accountant, I realized that certain services I offer require true specialization," Mr. Nute said. "Few CPAs have experience or credentials in the disciplines of divorce accounting, forensic accounting and fraud auditing. But the demand is very high for an investigative accounting approach. There's a huge need to dig deeper in search of the facts, both in business fraud and in divorce situations. These are specialty areas where I have honed my skills and truly enjoy the process."

About Fraud Auditing and Forensic Accounting

As a forensic accountant, Mr. Nute works with businesses to evaluate fraud risks in their operations. He then designs controls to mitigate the risks and monitors compliance within the organization. His training and experience enable him to apply specialized forensic accounting knowledge and investigative skills, collect and analyze evidence, and interpret and communicate findings in the courtroom or the boardroom.

About Divorce Accounting and Consulting

Mr. Nute assists divorce attorneys and their clients by providing a spectrum of financial services. These include performing asset valuations and non-marital tracing, searching for hidden assets and unreported income, and helping to evaluate possible scenarios of asset distribution. Additional divorce accounting roles include determining the lifestyle or financial standard of living during the marriage and providing expert testimony.

"Too often, people make decisions without benefit of in-depth knowledge that could have an enormous impact on the outcome," Mr. Nute said. "In the case of a business or corporation, sometimes millions of dollars have been siphoned unknowingly from company funds. In divorce engagements, one party may suspect that the divorcing partner has concealed a large amount of income or funds that should rightfully be considered in the divorce settlement or judgment. Investigating these scenarios fully and providing expert witness is my area of expertise."

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