Forensic accounting involves the collation and investigation of financial information, often from different sources, to help understand what has happened to a business or its assets over a period of time.  This may be as a result of suspicion of fraud or wrongdoing, or as part of pre or post transaction due diligence.

A forensic investigation is more focused and extensive than a statutory audit and the output is produced in a format than can be used as evidence in legal proceedings.  Forensic accountants are able to provide robust opinions on issues and disputes and give expert evidence in any court proceedings that might follow an investigation. An example would be a loss of earnings claim, following an accident.

Fraud can occur in many ways and at different levels, from simple theft of cash, through diversion of trade and misrepresentation of the business, to wrongful trading and preferences.  Businesses which are the victim of fraud may want to recover sums lost, via recovery proceedings or from insurance policies; set in place better controls to prevent further loss, and to set an example to others that fraud will not be ignored.

In conjunction with our network of specialists we are able to provide forensic accounting and fraud solutions.

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