VERITI CONSULTING LLC

What You Need To Know About Fraud Investigation Process And Procedures

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What Tools Do Forensic Accountants Use While Conducting Fraud Investigations?

Some of these tools are similar to procedures used by law enforcement,

some are a result of our backgrounds as experienced CPAs and auditors, and

others are derived from our experience as licensed private investigators.

Next are a few of the procedures utilized by forensic accountants to yield

meaningful results from the fraud investigation process.

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PROCEDURE #1Searches of Public Record:

Gathering information from public records on the alleged offenders of fraud enables the financial fraud investigator to gain insight into the

individual’s motives and capabilities, such as:

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• A person who has significant debt.• Perceived opportunity.• State of mental health – somehow rationalizing

the fraud as ‘acceptable.’• Alleged pressure.• A person’s work background can also be an

important consideration during the investigation.

PROCEDURE #2Analysis of Financial Documents:

Forensic accountants are provided with a range of documents that detail what the alleged perpetrator used to embezzle funds or misappropriate

assets, such as:

• Bank records• Canceled checks• Credit card statements• General ledgers• Original source documents• Other financial or accounting information

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PROCEDURE #3Development of a Detailed Report:

The cornerstone of most fraud investigations is the forensic accountant’s report, which summarizes all aspects of the investigation, including:

• Methods used to conduct the investigation.• Documents analyzed.• The investigator’s findings.• Background information.• Analysis and exhibits.

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THANK YOUFOR REVIEWING THIS PRESENTATION

PRESENTATION BY: VERITI CONSULTING LLC8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251

TEL: (877) 520-1280 • EMAIL: INFO@TRUTHBEHINDNUMBERS.COM WWW.TRUTHBEHINDNUMBERS.COM

EXPERT TEAM

TRUTHBEHINDNUMBERS.COMCertified Financial Experts

Liz Monty, CPA/ABV, CFF, CFE, CVA, DABFA

Managing Director

John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA

Managing Director

CONTACT VERITI CONSULTING LLC

CONNECT WITH EXPERIENCED FRAUD, FORENSIC & ECONOMIC DAMAGES EXPERTS

CALL: 877-520-1280EMAIL: INFO@TRUTHBEHINDNUMBERS.COM

PRESENTATION BY: VERITI CONSULTING LLC 8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251

TEL: (877) 520-1280 • EMAIL: INFO@TRUTHBEHINDNUMBERS.COM WWW.TRUTHBEHINDNUMBERS.COM