Tracy L. Coenen, CPA, CFF
Tracy's specialties include:
  • Investigation of corporate frauds
  • High net worth divorce with complex financial issues
  • Defense of criminal tax fraud and other government financial investigations
  • Investment fraud, including Ponzi schemes and misappropriation of assets
  • Calculating damages resulting from breach of contract

See Tracy in Milwaukee Magazine's 2018 "Faces of Milwaukee" feature.
Tracy Coenen, Forensic Accountant and Fraud Investigator 2019-03-15T11:13:19+00:00

Tracy Coenen, Forensic Accountant and Fraud Investigator

Tracy L. Coenen, CPA, CFF has personally investigated several hundred frauds in a wide variety of industries. Her work includes fraud examinations and financial investigations in cases of embezzlement, financial statement fraud, investment fraud, divorce and family law, and insurance fraud. Tracy has served as an expert witness in numerous cases in state and federal courts involving damage calculations, commercial contract disputes, shareholder disputes and criminal defense.


Certified Public Accountant (CPA) – Licensed in Wisconsin (1999) and Illinois (2004)
Certified in Financial Forensics (CFF)


Master of Business Administration – Marquette University
Honors Bachelor of Arts in Criminology and Law Studies – Marquette University

Related Experience

  • Working in an investigative or accounting capacity for over two decades
  • Adjunct Instructor at Marquette University (2014-2017)
  • Adjunct Professor at Concordia University – Wisconsin (2001-2009, 2013-2014)
  • Adjunct Faculty for the Association of Certified Fraud Examiners (2006-2007)
  • NACVA – Instructor Fraud Risk Management Course (2015 to 2017)
  • Journal of Accountancy Editorial Adviser (2008-2015)
  • The Value Examiner Editorial Board (2010-2014)
  • Instructor for NACVA Cornerstones of Financial Forensics Workshop (2012-2013)


  • American Institute of Certified Public Accountants (AICPA)
  • National Association of Certified Valuators and Analysts (NACVA)
  • American Bar Association (ABA)

Books Authored

Courses Authored

  • Public Stock Fraud (Millionaire Media, LLC, 2018)
  • Traders and Taxes (Millionaire Media, LLC, 2018)
  • CPA Services in Divorce and Family Law (Bisk Education, Inc., 2012, 2014, 2016, 2018)
  • Introduction to Litigation Services (Bisk Education, Inc., 2012, 2014, 2016, 2018)
  • Master Analyst in Financial Forensics (MAFF) Fraud Risk Management Course (NCAVA, 2013)
  • Foundations of Financial Forensics (NACVA/AICPA, 2012) – Fraud Prevention, Detection, and Investigation (Chapter 13)


Tracy Coenen, CPA, CFF
Tracy Coenen, CPA, CFF

Meet Tracy Coenen, Forensic Accountant and Fraud Investigator

Tracy talks about financial statement fraud