Financial Fraud Investigation &
Embezzlement, misappropriation of company assets, and other forms of financial fraud are common in today’s business world; and the list of “white collar” scandals grows longer with each passing year. Moreover, the potential damage that perpetrators can inflict on a business organization and its customers is greater than ever. For instance, in April 2018 Wells Fargo was fined $1 billion to resolve probes into lending abuses; and in March of that year Elizabeth Holmes (founder of Theranos) was charged with “massive fraud.”
How can you protect yourself and your business from internal or external fraud? While there are no full-proof methods to eliminate the potential for fraud, you can greatly reduce your risk by enlisting the aid of qualified fraud investigation professionals. At Beau Dietl & Associates, we have the training and experience to uncover evidence of past fraudulent activity, and the expertise to help you prevent future occurrences.
Our experts in forensic accounting conduct comprehensive financial fraud investigations for clients. This audit includes a thorough review of your books and records for any discrepancies or improprieties.
Moreover, our forensic accountants do more than look at your numbers. They are trained to look beyond figures on a balance sheet (which can often be misleading) and deal with the business reality of a situation. No matter how clever a perpetrator of fraud may be, the experts at DBA can combine their technical expertise with “big picture” knowledge to catch him or her in the act.
At DBA, our experts are trained to uncover the question of how the fraud was committed. For instance, during an investigation of fraud, they ask themselves questions such as:
- What method(s) did the fraudulent actor use to move the money?
- Which path did the money take?
- How was the perpetrator able to get around company controls and security measures?
The answers to these and similar questions will not only help our forensic investigators to discover and prove the identity of the culprit but will also enable them to recommend helpful changes to your company’s policies and procedures in order to maximize security.
Assessment and Implementation
of Internal Controls
To prevent any future occurrence of fraud, our experts can conduct a thorough assessment of your organization’s current controls. They’ll detail any vulnerabilities they find in a comprehensive report, along with a recommended plan of action on how to address such systemic weaknesses. For example, if a company suffered losses because an employee used a manager’s username and password to embezzle money, our experts may recommend the implementation of a 2-factor authentication protocol to prevent the same issue from recurring.
Whatever the case may be, our team can help you to bolster your organization’s “defenses” against internal and external fraud.
Expert Testimony in Court
In some cases, our financial fraud investigation may lead to court proceedings. For instance, you may want to file charges against a former employee that was embezzling from your corporate account. In these situations, our forensic investigators can provide expert testimony on your behalf in a court of law. We have years of experience in dealing with fraudulent schemes and can speak with authority on crimes such as:
- Money laundering schemes
- Misappropriation of funds
- Kickback schemes
- Procurement scams
Our comprehensive training and years of “field experience” lend weight to our expert testimony, and may help you to win your case.
Reach Out to BDA’s Team
of Fraud Investigators Today
If you suspect that an internal or external perpetrator is committing fraud, or if you want your current policies, procedures, and controls to undergo a rigorous audit, then don’t delay in reaching out to our fraud investigation experts at Beau Dietl & Associates. We can provide you with either solid evidence of wrongdoing, or peace of mind that your company is in the clear. We can also help you to enhance your security measures to prevent fraud in the future. Contact us today to learn more.