AI for forensic accounting and investigations
Ultramarine Work reads the bank statements, GL exports and productions already in the matter folder. From there, it traces funds across every account, tests the whole ledger, drafts the investigation plan and rebuilds the damages model.
Funds-tracing-ArdenVale.xlsxExample| Date | From | To | Amount | Source | Tracing note |
|---|---|---|---|---|---|
| 03/12/2021 | AVC Operating x4471 | AVC Escrow x2290 | 450,000.00 | AVC-BANK-000812 | Investor subscriptions were swept to escrow, as the PPM requires. |
| 03/15/2021 | AVC Escrow x2290 | Rollins Consulting x0937 | 180,000.00 | AVC-BANK-000815 | No invoice or engagement letter in the production supports this payment. |
| 03/16/2021 | Rollins Consulting x0937 | N. Rollins personal x5512 | 175,000.00 | RC-BANK-000044 | The funds moved to Rollins’s personal account the next business day. |
| 06/02/2022 | AVC Operating x4471 | Check 1043 | 62,500.00 | AVC-BANK-002216 | The payee on the check image is illegible, so the trace stops here. |
| 06/03/2022 | N. Rollins personal x5512 | Brightpoint Title | 61,900.00 | NR-BANK-000318 | This wire left the personal account the day after check 1043 cleared. |
NoteAsk counsel to subpoena both sides of check 1043, because a $61,900 wire left Rollins’s personal account the next day.
Ask it for
“Rebuild the Arden Vale Capital flow of funds from the bank records, January 2021 to December 2024, and map transfers to Nathaniel Rollins’s personal accounts.”
Funds-tracing-ArdenVale.xlsx“Test the FY2024 ledger for entries posted after 9 pm or on weekends, round-dollar postings over $25,000, and vendors sharing an address with an employee.”
JE-testing-FY2024.xlsx“Draft the investigation plan for the warehouse hotline complaint: allegation matrix, custodians, evidence log, interview order and the Upjohn script.”
Investigation-plan-2026-014.docx“Reconstruct the plaintiff expert’s lost profits model on the before-and-after method and list every input that has no source document.”
Lost-profits-rebuttal-model.xlsx“Quantify the business interruption loss for the Petrucci Foods fire, a 12-month period of restoration plus 180-day EPI, from the monthly P&Ls and payroll.”
BI-loss-PetrucciFoods.xlsx“Mark up the opposing expert’s report page by page and call out every unsupported assumption, rounding error and methodological gap.”
Opposing-expert-report-markup.pdf
Inside the Forensic Accounting & Investigations mode
Proposals and RFP responses
Answers the monitorship and internal-investigation RFPs on the solicitation’s forms, keeps the compliance matrix and drafts past performance from the resumes.
Project budget and cost forecast
Sets up the matter budget, tracks fee burn against it, and projects the estimate at completion before you ask counsel for additional services.
Tie-out and page-turn review
Page-turns the expert report or offering document, ties each figure to support with tickmarks, and lists the ones that do not agree.
Investigation plan and findings report
Builds the plan a hotline complaint needs, with the allegation matrix, evidence log and interview outlines, and drafts findings on each allegation.
Funds tracing and reconstruction
Prepares the sources and uses, net worth and bank deposits schedules, follows commingled money account by account, and computes each investor’s net investment.
Journal entry and population analytics
Every journal entry runs through duplicate, gap, Benford and off-hours tests, and you get back an exception list with amounts and posting dates.
Litigation support
From the productions it assembles the fact chronology, witness summaries and deposition index, and drafts the privilege log for counsel to rule on.
Legal authority verification
Pulls every case, statute and rule the memo cites, verifies it against a primary source, and marks any authority it could not confirm.
Regulatory and compliance analysis
It drafts the AML, sanctions or anti-bribery memo, the beneficial-ownership review and third-party diligence summaries from the matter records.
Economic damages and expert reports
Rebuilds the but-for model, drafts the report with a source on every figure, and produces the rebuttal and deposition exhibits.
Business interruption claim
Applies the policy’s waiting period and period of restoration, then measures extra expense and avoided costs from the insured’s records and post-loss reports.
QoE and working capital
Recasts the closing statement, builds the adjusted EBITDA bridge and working capital peg, and tests each figure against the agreement’s definitions.
Valuation
Builds the comps, DCF and equity bridge for a valuation in dispute, and shows where your number and the other expert’s diverge.
- Office skills
- Excel, Word, PowerPoint, PDF
- Tools
- Read, edit and write files, Search files, Run code, Search and read the web, View images
- Connectors
- SharePoint, Google Drive, Gmail, and additional custom connectors
- House style
- Your fonts, layouts and rules, on every file
How it works
- 1
Load the matter folder
The folder stays as you keep it: bank statements and GL exports, check images, Bates-numbered productions, interview notes, the policy or purchase agreement, and the expert’s report.
- 2
Name the next deliverable
Request the tracing schedule, the JE exception list, the chronology or the draft memo. Each figure shows the bank record or ledger line behind it, and anything it could not tie out is flagged, with the reason stated.
- 3
Work the exceptions yourself
The schedules come back annotated, so a challenged figure has its tickmark and source beside it. You resolve the exceptions, interview the witnesses and decide what the numbers mean. Nothing goes to counsel or the court until you sign.
Who it’s for
Forensic accountants, fraud examiners, investigators and damages experts, in companies, insurer SIUs, banks, inspector general offices, law enforcement and advisory firms.
Questions
Could opposing counsel get our AI prompts?
Yes, courts have already ordered experts to turn over their AI prompts, so the ground rules for AI in expert work are counsel’s to set at the start of the engagement. Ultramarine Work hands back ordinary workpapers in the project folder, and every figure it drafts cites the source file it came from. If a production order arrives, those workpapers show what was done and what it relied on.
Does using AI in an internal investigation waive privilege?
No, using AI does not waive privilege by itself. Waiver turns on how counsel runs the investigation, and that decision is not ours to make. Keep the interviews attorney-directed, run the AI work inside the protocol counsel sets, and get counsel’s approval of the workflow before the first witness. The memos, evidence log and allegation matrix all get drafted, and counsel decides what enters the privileged file.
Where does confidential client data go?
Ultramarine Work changes files only in the project’s folder. When a request needs it, it can read files elsewhere on your computer, never passwords, keys or app data, and you can turn that off in settings. The model runs on Paper Instruments’ servers, so the content it works on is sent there to be processed. Paper Instruments is SOC 2 Type II, and our security and compliance details are on our compliance page.
Will an expert report drafted with AI survive Daubert?
It can, but unverified AI output is what gets reports excluded. Ultramarine Work’s workpapers record its methods and anything it could not reconcile, but the expert verifies the analysis, adopts the opinions and signs the report. How and when to disclose AI use is a question for the expert and counsel.
Will it tell us whether the transactions were fraudulent?
No, it makes no fraud call. It builds the record instead: tested populations, exception lists, tracing schedules, chronologies and findings memos keyed to each allegation, with exceptions flagged for follow-up rather than labeled fraud. The conclusions on fraud, and any referral or report to a regulator or state fraud bureau, are yours and your client’s.