using a forensic accounting expert in a fraud investigation

VERITI CONSULTING LLC

Using A Forensic Accounting Expert In A Fraud Investigation

TRUTHBEHINDNUMBERS.COMCertified Financial Experts

How Do You Track Theft in a Business?

Criminals may attempt to disguise theft

within the everyday expenditures a business

conducts. The only way to track thefts of

this type is to dig deep into the accounting

records and search for discrepancies. Most

accountants are not trained to conduct an

investigation of this type; a forensic

accounting expert is the professional you

need to do the job.


Forensic Accountant Duties

• Analyzing financial records to develop a “financial profile” of an individual organization suspected of illegal activity

• Gathering evidence and preparing affidavits based on financial analysis

• Interviewing witnesses during financial investigations

• Identifying funding sources and related transactions


Forensic Accountant Duties

• Compiling financial investigative reports

• Discussing strategies with attorneys and testifying as expert witnesses in court

• Many forensic accounting experts work directly for local and federal law enforcement agencies; others work on a contract basis with these agencies or with private investigators


Forensic Accounting Process

Gathering Documentation

The first step in any financial investigation is to gather all documents that concern the case. You may be asked to assist with

this process or law enforcement may impound your records.



Preliminary Investigation

Once the necessary documents are assembled, one or more forensic accountants will conduct a preliminary investigation to get

a big picture overview of the situation.



Interview Subjects and Witnesses

The preliminary investigation is focused on the large scale. Now, investigators must fill in the details. Subject and witnesses may be brought in for questioning. Their statements will be analyzed for

discrepancies. Depending on what is uncovered, investigators may conduct additional interviews.



In-Depth Investigation and Report

With the additional details gathered, forensic accountants will conduct a more in-depth investigation. This phase of investigation

is intended to compile all available information and determine what is relevant to the case. A forensic accounting expert will

compile all of the relevant information into a report.



Prepare for the Court Case

If the investigation uncovers criminal activity, there may be a court case. In this eventuality, both the prosecution and the defense may hire forensic accountants. The accountants will help the attorneys plan strategies and questions. They may also be called on to testify

in court as expert witnesses.


THANK YOUTHANKS FOR 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


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