What is Fraud investigation & forensic accounting?

Fraud and forensic accounting is a specialist service which can help to identify fraud committed inside organisations. The main categories of fraud tend to be corruption (i.e. conflicts of interest, bribery and extortion), asset misappropriation (i.e. cash theft, fraudulent disbursements, inventory fraud and misuse of assets) and financial statement fraud.

Fraud and forensic accounting involves the investigation of the financial affairs of an entity which seeks to gather evidence in order to determine if a fraud had actually taken place, identify the individuals involved, to quantify the monetary amount of the fraud (ie the financial loss suffered by the client), and to present findings and recommended next steps to the client.

When to consider fraud investigation

Whether you are a company, professional services firm, regulator, public or third sector organisation, when the integrity of an individual or group of individuals has been called into question, posing regulatory, financial or reputational risk, expert professional advice should be sought as a matter of urgency.

Next steps

mlm Solutions is adept as conducting fraud and forensic accounting investigations and, once instructed, our meticulous approach is based around the following process:

  • Understanding the context
  • Developing a plan
  • Gathering of evidence
  • Reviewing the evidence
  • Providing a detailed report
  • Supporting with action to be taken

We have the specialist skills to enable us to analyse, interpret, investigate and summarise complex and detailed financial information to ensure our clients are able to make informed decisions as to their next steps. We have experience in dealing with whistleblower allegations, accounting fraud, financial misstatements and inadequate disclosures.

Advice on Fraud Investigation & Forensic Accounting in Glasgow, Edinburgh & London

We understand that facing up to financial challenges can be an extremely difficult and stressful time. However, you should be reassured to know that there are options available and, with the right advice and support, you can take the necessary steps to improve your situation.

For further information on fraud investigation & forensic accounting, contact us today at an office near you.

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