Fraud Investigation Process And Procedures
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Transcript of Fraud Investigation Process And Procedures
VERITI CONSULTING LLC
What You Need To Know About Fraud Investigation Process And Procedures
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
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: [email protected] 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: [email protected]
PRESENTATION BY: VERITI CONSULTING LLC 8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251
TEL: (877) 520-1280 • EMAIL: [email protected] WWW.TRUTHBEHINDNUMBERS.COM