Products and solutions / Forensic audit & fraud investigation
Product characteristics:
Forensic accounting utilizes investigation, auditing and accounting skills in review of financial and business documents, information, legal aspects, accounting records and relations of the examined company. Forensic audit could be utilized across all departments and functions in company, i.e. in procurement & tendering, sales, marketing, financial transactions, employee expenses, inventory management, production and controlling.
The investigation usually includes a review of the company’s internal policies, procedures and related legislation. It also includes an assessment of hard copy and electronic accounting and financial documents. During the audit, we gather and evaluate public information related to the selected subjects. We also inspect potential conflicts of interest of the client’s employees. We conduct interviews with the relevant employees and also with third parties identified during our investigation. Based on both an analysis of collected evidence and the identified findings, we will formulate recommendations for elimination of the revealed weaknesses of the control system. The summarized information is provided to the client in a written forensic audit report.
Occasions you will use the product:
- Investigation of fraudulent activities perpetrated either internally (top management, employees) or externally (business partners, vendors, clients)
- Assessment of internal policies and procedures, with respect to legal and corporate requirements; gap analysis of the company’s policies and procedures against common market solutions
- Review of the fraud risk management system and related fraud risk management processes
- Assessment of conflicts of interest and undisclosed relationships of employees with third parties
- Collection and evaluation of business information on selected entities and individuals
- Investigation and assessment of fraudulent activities of various nature
Product benefits:
- Identify potential fraudsters, fraudulent activities and fraud schemes in your operations
- Understand the fraudulent schemes and history of the cases
- Reduce the fraud costs by early identification of irregular activities
- Prevent potential financial damage by improving your fraud detection and control system