Fraud Detection & Investigation
We assist our clients in detecting and investigating suspected irregularities or financial crime in their businesses or trusts, or when asked to do so by legal entities. Financial crimes can be perpetrated by internal or external agents against organisation or individuals, and include simple theft, misappropriation of funds, money laundering, bribery, non-disclosure, insider trading and market abuse.
Fraud and investigation
At Grid Forensic Accounting, our forensic accountants are trained in how to investigate fraud. Due to a combination of skills – accounting, auditing and analytical abilities – forensic accountants know how and where to find the information necessary to detect financial irregularities, fraudulent activity and commercial negligence.
Fraud investigation process
Through multiple-stage detection and investigation processes, we obtain, secure and present evidence. This can be directed:
- Internally i.e. towards employees and internal collusion.
- Externally i.e. towards suppliers, subcontractors and third parties to contractual arrangements.
Or is may be a combination of internal and external i.e. towards employee collusion with third parties, for example.
Fraud is classified as an intentional act of deception involving financial transactions for the purpose of personal gain, and insurance fraud falls into this category. Our forensic accountants have experience in this area and will work closely with clients requiring this service.
Fraud detection and investigation costs
Fees may vary depending on the complexity of the client’s situation, the amount of documentation required for assessment and the extent of any relevant investigations.
Because everyone’s needs and situations are so different, it is not possible to provide an exact costing. We can, however, assist by reviewing the prospective client’s information at our obligation-free initial consultation and provide an estimated cost at their request. No charge will be made for this review should they not continue with our services.