Fraud is deception intended to obtain an unlawful personal gain and causing an actual or potential financial loss to a business. Simply it is a burglary committed against a business.
Forensic accounting is the use of specialist accounting, auditing and investigative skills of a chartered accountant to analyse and unravel fraud hidden in an organisation’s accounting systems. We investigate, analyse and present complex financial evidence in an easy concise understandable manner.
Recovering the Cost of Fraud
Are you insured against employee theft? Generally insurance against employee theft will not only cover the value of the financial loss of the fraud but also the cost of any specialist investigation.
The forensic accountant will quantify and provide evidence of the value of the financial loss and identify those assets of the fraudster that may be secured as reparations. We work with the legal profession to secure the freezing and recovery of the money or assets.
We call on the legal profession in employment issues arising from fraud and to adopt written workplace code of ethics to include a fraud policy.
Suspect fraud in your workplace? Give Sandra a call today