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BANKING, PEOPLE, POLITICS, USA, WORLD

On the money trail: forensic accountants

With the financial world shaken by scandal, forensic accountants are busier than ever
by DARCY KEITH

Call them the number sleuths — unsung heroes armed with calculators on the prowl for dubious financial deeds.

Forensic accountants in Canada have been called into cases ranging from the Gomery inquiry into the federal sponsorship scandal to the controversial bookkeeping of Nortel Networks Corp. They also played a key role in the trial of Garth Drabinsky and Myron Gottlieb, who were found guilty last week of systemically manipulating the financial statements of Livent Inc. The live theatre company collapsed in 1998 after a group of investors, including Hollywood heavyweight Michael Ovitz, said they had uncovered evidence of accounting irregularities. (continues @ Reportonbusiness.com)

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