Forensic accounting investigation
Description
Financial statement fraud, manipulation of accounting records, tweaking of the organization’s financial results and covering up of poor decisions. Nowadays management is in a difficult situation, facing enormous pressure from owners, market expectations, creditors and regulators.
Meanwhile, complicated accounting and tax issues allow offenders to commit accounting and financial fraud while taking advantage of imperfect legislation, inefficient controls and complexity of management.
Our procedures
Our forensic accounting experts have many years of experience in gathering, reviewing and analyzing financial and accounting transactions. Thorough interpretation of accounting records and knowledge of irregular practices enable us to detect even the most complicated and sophisticated financial transactions and accounting manipulations.
Our procedures include:
- In-depth analysis of complex financial transactions
- Thorough investigation of specific accounting issues
- Interviews with responsible employees of the company
- Reconstruction of missing or misrepresented accounting records
- Securing of evidence of illicit activities
- Preparation of a summary report of the investigation results
When necessary we use the knowledge and experience of our partners – specialists in forensic technologies, expert loss assessments and legal services associated with damage claims.
Client benefits
The results of our work are important materials not only for the company’s control bodies, i.e. the audit board, supervisory board and board of directors, but also for its owners and top management.
Our deliverables include:
- Ascertaining whether there was an intentional manipulation of records or an accidental error
- Tracing the particular case history and determining the duration of irregular activities
- Identifying the fraud scheme and revealing its structure
- Assessing the impact and size of potential loss
