Complex business situations, investigations by regulators or the police, and allegations of fraud or misconduct are the kinds of circumstances that could lead to a financial investigation.
Whether dealing with a case of misappropriation of funds or reporting irregularities, financial investigation expertise is vital. Investigative accounting can provide the facts to assist in answering the question, What happened?
As forensic accounting specialists, DeBresser Wintrip, Inc. has the expertise to assist our clients in a wide variety of situations, including the following:
- Financial statement manipulation
- Investigation into the misappropriation of assets
- Procurement fraud
- Professional negligence
- Regulatory investigations
- Employment conflict (fraud or wrongful dismissal)
- Financial crimes including money laundering and embezzlement
While every investigative engagement is unique, our typical approach can be described as follows:
- Meet with the client and/or counsel to understand the situation at hand.
- Establish the scope and terms of the engagement.
- Develop an investigative work plan specific to the situation at hand.
- Prepare a list of preliminary information required to conduct the investigation.
- Conduct interviews of key individuals involved in the matter at hand.
- Review information that has been accumulated, verify facts presented during interviews, identify further information requirements, and summarize findings.
- Prepare a report of findings where necessary.
- If required, attend at trial or other proceedings to communicate findings.
We also have considerable experience in compliance reviews. For a business or organization to function properly, a set of rules and procedures governing the actions of its constituents is often put in place. With our investigative mindset, we can provide organizations with a review of those policies and procedures, and report on the extent to which they are, or are not, being followed. Government offices, enforcement agencies, and professional organizations are just a few examples of organizations that must comply with a set of standards to be held accountable to the stakeholders or the regulatory bodies for those organizations.