Fraud Investigation

Fraud investigation is the practice of employing accounting, auditing, and investigative skills to assist in the determination of whether criminal matters such as employee theft, business fraud (including falsification of financial statements), insurance fraud and identity theft have occurred.

We also recommend actions designed to minimize future risk of loss. Investigative work may also be required in civil matters such as searching for hidden assets in divorce cases.  At FLC, we look beyond the numbers to grasp the substance of questionable situations.  This type of accounting is a combination of specific skills that are more and more in demand as business complexity expands, and requires the most important quality an accountant can possess: the ability to think logically with an eye to detail.

We work with financial information for the purpose of organizing complicated issues in a manner that others can easily understand. We can be engaged in the public practice of forensic examination, yet we also work in private industry for such entities as banks and insurance companies or governmental entities such as sheriff and police departments, the Federal Bureau of Investigation (FBI), and the Internal Revenue Service (IRS).

Occupational fraud committed by employees usually involves the theft of assets. Embezzlement is the most often-committed fraud over the last 30 years. Employees could be involved in kickback schemes, identity theft, or conversion of corporate assets for personal use.  We use observation of the suspected employees as well as physical examination of assets, inspection of documents, and interview those involved. Experience of this nature enables us to recommend internal controls that owners can implement to reduce the likelihood of fraud in the future.

We are the only firm in the area that provides this service.  If you have further questions about fraud investigation services, contact us today and get an expert opinion from the only qualified source in the area.

For more information, call Financial Litigation Consultants at (309) 663-1353 or (314) 279-9223.