Accounting & Financial Statement Fraud

According to the ACFE’s Report to the Nations 2016 Global Fraud Study, of the three primary categories of occupational fraud, asset misappropriation occurs most of the time (83%).  However, the most costly fraud schemes involve financial statements, even though they occur less than 10% of the time. The median costs for financial statement fraud is $975,000, while the median loss for asset misappropriation is $125,000. 

Our financial, operational and investigative experience helps organizations identify financial irregularities, formulate solutions that are company specific and work to implement the necessary changes to mitigate losses. We have a team of experienced accounting and financial experts who are experienced in performing a wide range of fraud and forensic services in the area of accounting and financial statement analysis.

When companies suspect a misappropriation of assets, fraudulent financial reporting, or other misconduct, our team investigates to determine the existence and nature of the fraud as well as the perpetrator.  We work to quantify the losses relating to the fraud and, where possible, assist clients in analyzing any options to recover such losses. We also work with our clients to identify fraud risk factors and recommend changes to strengthen internal controls to help prevent and deter fraud.