Numbers Are the Most Reliable Storytellers; They Cannot Lie
There is no more unsettling feeling than having unanswered questions about your financials. The truth in these situations may lie in bad acts such as theft, embezzlement, financial statement fraud, or corruption. Once these suspicions arise it is important to act quickly to identify the nature and extent of the damage. Our team of investigative accountants employ a diligent and meticulous approach to efficiently provide answers about the “who, what, where, when, why, and how” of the situation. We help businesses and stakeholders from New York to California and Michigan to Texas get a true picture of their financial data.
In-Depth Investigations that Uncover the Big Picture of an Organization’s Accounting Processes
We have the expertise necessary to efficiently bring resolve to your concerns. Proven procedures to identify anomalies in macro, or “big picture” financial data help to narrow down investigatory focal points are followed by micro techniques such as targeted sampling, outlier detection, and data analytics. Diagnosis and remediation recommendations are provided to you in plain English but are grounded in sophisticated, leading industry techniques. By utilizing a phased approach, we ensure we are not veering down the ever-dreaded “rabbit holes” and are continuously adding value to the problem at hand.
The ACFE Estimates that Organizations Lose 5% of Revenue to Fraud Each Year, Which Translates to Approximately $4.5 Trillion of Global Annual Fraud Losses.
The Benefits of Retaining a Forensic Investigative Accountant
If your organization is dealing with allegations of fraud, unresolved discrepancies in financial statements or related reports, or inquiries into accounting policies and internal controls, it’s time to seek the expertise of a forensic investigative accountant. A financial investigation by such an expert can accomplish several key objectives including:
Identifying and Mitigating Fraud
Uncovering the Root Cause of the Bad Acts
Locating “Bad Apples” in the Organization
Calculating Liabilities or Losses
Assisting Counsel or Law Enforcement in Recovering Losses
Reducing Systemic Vulnerabilities
The forensic investigation is both an art and a science, involving the collection, assessment, and analysis of company data to provide relevant context to the concerns. Getting to the heart of an accusation or concern involves knowing where to begin and how to strategically and efficiently “turn stones” or “pull at threads”. Then, obtaining sufficient evidence for the conclusions drawn. The work our accountants do in this stage translates to supportable conclusions for use in pursuit of recoveries.
Our Investigations Are Founded on Sound Preliminary Assessments
When clients come to us with suspicions of fraud or financial concerns, we start our investigation by performing a preliminary assessment based on the concerns expressed and related supporting data. This assessment serves as the foundation for a deeper investigation should one be necessary. Our team of forensic accountants conducts assessments in the event of:
Suspicions of Fraud
Allegations of Fraud
Financial Statement Anomalies
Unexplained Performance Gaps
Unexplained Transactions, Discrepancies, or Errors
Unaccounted for Cash, Inventory, or Other Assets
Request for Investigation or Review
We Use the Latest Data Analytics Tools to Dig Deep
It is impossible to overstate the importance of data in today’s world. It plays a key role in nearly all financial investigations. Our focus on technology and continuing education ensures our procedures are grounded in industry leading techniques. These tools help us collect, analyze, and draw meaningful conclusions from large datasets with maximum efficiency.
Our Investigations Are Founded on Sound Preliminary Assessments
Obtaining the answers to your questions does not mean our job is complete. Once the investigation has concluded and the findings are rendered, you may require our testimony as to those findings to help support your lawyer’s work in civil or criminal proceedings. Our findings are understandable and presented with professional concision.
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