Forensic and Fraud Investigations

Forensic Accounting is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. Forensic means suitable for use in a court of law, and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company’s financial statements. Thus providing accounting analysis that is suitable for court of law. In other words a forensic accountant’s primary duty is to analyse, interpret, summarise and present complex financial- and business-related issues in a manner that is both understandable by the layman and properly supported by the evidence.

Key Benefits of Using our Forensic and Fraud Investigations services-

  • Objectivity and credibility – there is little doubt that an external party would be far more independent and objective than an internal auditor or company accountant who ultimately reports to management on his findings. An established firm of forensic accountants and its team would also have credibility stemming from the firm’s reputation, network and track record.
  • Accounting expertise and industry knowledge – an external forensic accountant would add to the organisation’s investigation team with breadth and depth of experience and deep industry expertise in handling frauds of the nature encountered by the organisation.
  • Provision of valuable manpower resources – an organisation in the midst of reorganisation and restructuring following a major fraud would hardly have the full-time resources to handle a broad-based exhaustive investigation. The forensic accountant and his team of assistants would provide the much needed experienced resources, thereby freeing the organisation’s staff for other more immediate management demands. This is all the more critical when the nature of the fraud calls for management to move quickly to contain the problem and when resources cannot be mobilised in time.
  • Enhanced effectiveness and efficiency – this arises from the additional dimension and depth which experienced individuals in fraud investigation bring with them to focus on the issues at hand. Such individuals are specialists in rooting out fraud and would recognise transactions normally passed over by the organisation’s accountants or auditors.

Our services include Fraud Investigative and Forensic accounting, in depth data analysis, Fraud Risk Management, Awareness Trainings. Our forensic accounting and investigative experience include Conflicts of interest, Embezzlement, Fraudulent financial reporting, Misappropriation of corporate assets, Money laundering, Quantifying losses incurred by a not-for-profit action by the top management.

The services rendered by our forensic accountants cover a wide spectrum of which the following are commonly provided:

  • investigation and analysis of financial evidence;
  • development of computerised applications to assist in the analysis and presentation of financial evidence;
  • communication of findings in the form of reports, exhibits and collections of documents; and
  • Assistance in legal proceedings, including testifying in court as expert witness and preparing visual aids to support trial evidence.

Experienced in forensic accounting, financial and securities regulation, electronic discovery and risk management, our multidisciplinary professionals investigate situations where you suspect you have a problem. They are frequently used in fraud cases. We understand your need for sensitive and time critical corporate investigations. Working with you or your outside counsel, we can help determine what happened, how much is at risk, who is involved, and what opportunities exist for recovery. Forensic accounting experts at HLB Hamt are trained to look beyond the numbers and deal with the business reality of a situation. Our forensic accounting experts are well equipped to communicate the financial information related to the fraud in a clear and concise manner to the management and in front of the court.