Business Details
31 Years
experience
Emergency
services
Expert Forensic Accounting and Consulting Services
Chakonis & Pettit is a forensic accounting and consulting firm dedicated to providing specialized expertise in insurance claims, litigation support, and investigative accounting. Founded in 1995 by Michael S. Chakonis, CPA, the firm has built a reputation for combining investigative skills with decades of accounting experience to address complex financial challenges. Our team serves organizations across diverse industries, including manufacturing, healthcare, financial institutions, and professional sports, offering services such as damage measurement, business valuations, and expert testimony. With a focus on accuracy and integrity, we reconstruct financial data to uncover hidden truths, unreported assets, and income discrepancies.Our partners bring extensive experience in domestic and international cases, including high-profile assignments for major corporations and insurance carriers. We prioritize personalized attention, ensuring every client receives tailored solutions from our experienced professionals. Through seminars and educational initiatives, we also contribute to advancing forensic accounting knowledge within the industry. Our commitment to excellence has enabled us to handle cases ranging from $10,000 to over $450 million, maintaining a client-centric approach throughout our growth.
Services
Forensic Accounting
Insurance Claims
Litigation Support
Business Valuation
Investigative Accounting
Details
- Year established: 1995
Highlights and features
- We offer over 25 years of experience in forensic accounting and damage measurement.
- Our team provides expert testimony in court and deposition settings.
- Specialized in reconstructing financial data for insurance and litigation cases.
- We handle assignments ranging from $10,000 to $450 million with personalized attention.
- Our partners are certified professionals with memberships in leading industry organizations.
Associations and certifications
- American Institute of Certified Public Accountants
- New Jersey Society of Certified Public Accountants
- Institute of Business Appraisers, Inc.
- Certified Public Accountant (CPA)
Services
Forensic Accounting
Our forensic accounting services involve analyzing complex financial data to uncover discrepancies, fraud, or hidden assets. We specialize in reconstructing records for litigation, insurance claims, and business disputes. Clients benefit from our expertise in translating financial findings into actionable insights for legal or regulatory purposes.
Business Valuation
We provide accurate business valuations for divorce cases, partnerships, and litigation. Our methods include assessing financial records, market conditions, and asset values to determine fair market worth. Clients rely on our expert testimony and detailed reports to resolve disputes or facilitate buyouts with confidence.
Litigation Support
Our litigation support includes expert witness testimony, damage calculations, and evidence analysis for court cases. We assist attorneys in understanding financial complexities and preparing for depositions. Clients receive clear, data-driven reports to strengthen their legal strategies and outcomes.
Insurance Claims
We specialize in measuring property damage, business interruption losses, and liability claims for insurers and policyholders. Our team identifies concealed financial data and provides detailed assessments to resolve disputes efficiently. Clients trust our expertise in high-stakes cases involving catastrophic events.
Investigative Accounting
Our investigative accounting services focus on uncovering financial fraud, theft, and income discrepancies. We employ analytical techniques to trace irregularities in records and provide evidence for legal proceedings. Clients benefit from our meticulous approach to resolving complex financial crimes.
People
Michael S. Chakonis
Managing Partner
Michael S. Chakonis, CPA, founded the firm in 1995 and specializes in forensic accounting, business valuations, and expert testimony. With over 35 years of experience, he has handled cases for major corporations and insurance carriers.
Edward A. Pettit, Jr.
Partner
Edward A. Pettit, Jr., CPA, joined the firm in 2001 and focuses on forensic accounting, business valuations, and litigation support. His expertise spans banking, healthcare, and corporate disputes, with experience in cases exceeding $300 million.
Questions
What services does Chakonis & Pettit offer?
We specialize in forensic accounting, business valuations, litigation support, insurance claims analysis, and investigative accounting for legal and insurance clients.
How do you handle complex insurance claims?
We analyze financial data, identify concealed information, and provide detailed assessments to resolve disputes efficiently, even in catastrophic loss scenarios.
Can you assist with business valuation for divorce cases?
Yes, we determine marital property values and uncover unreported income using forensic techniques to ensure fair settlements.
Do your team members testify in court?
Yes, our partners frequently serve as expert witnesses in litigation and deposition settings.
What industries do you work with?
We serve manufacturing, healthcare, financial institutions, professional sports, and other sectors requiring forensic accounting expertise.
