Fraud Investigation Process And Procedures

VERITI CONSULTING LLC

What You Need To Know About Fraud Investigation Process And Procedures

TRUTHBEHINDNUMBERS.COMCertified Financial Experts

What Tools Do Forensic Accountants Use While Conducting Fraud Investigations?

Some of these tools are similar to procedures used by law enforcement,

some are a result of our backgrounds as experienced CPAs and auditors, and

others are derived from our experience as licensed private investigators.

Next are a few of the procedures utilized by forensic accountants to yield

meaningful results from the fraud investigation process.


PROCEDURE #1Searches of Public Record:

Gathering information from public records on the alleged offenders of fraud enables the financial fraud investigator to gain insight into the

individual’s motives and capabilities, such as:


• A person who has significant debt.• Perceived opportunity.• State of mental health – somehow rationalizing

the fraud as ‘acceptable.’• Alleged pressure.• A person’s work background can also be an

important consideration during the investigation.

PROCEDURE #2Analysis of Financial Documents:

Forensic accountants are provided with a range of documents that detail what the alleged perpetrator used to embezzle funds or misappropriate

assets, such as:

• Bank records• Canceled checks• Credit card statements• General ledgers• Original source documents• Other financial or accounting information


PROCEDURE #3Development of a Detailed Report:

The cornerstone of most fraud investigations is the forensic accountant’s report, which summarizes all aspects of the investigation, including:

• Methods used to conduct the investigation.• Documents analyzed.• The investigator’s findings.• Background information.• Analysis and exhibits.


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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

Fraud Investigation Process And Procedures

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