As part of MHA, we can provide specialist skills in all areas of forensic accounting including internal audit, IT audit, tax fraud, VAT fraud or insolvency.
Any business can become a victim of fraud but precise and vigorous preparation can help prevent or minimise the risks.
The forensic accounting team have experience in all aspects of financial fraud and valuations. The team can call upon experts in Financial Reporting, Auditing, Internal Auditing, Computer Accounting, Insolvency, Corporate Finance and Valuations, Taxation and VAT. This extensive coverage enables the Forensic Accountants to report on all aspects of potential fraud and related issues.
- Project management – We have considerable experience of project managing fraud enquiries, combining the skills of in-house and external HR, legal and accounting teams.
- Asset recovery – We have experience in assessing the net worth of individuals and organisations to assist in the legal process of freezing assets to maximise recovery of money lost to perpetrators of fraud.
- Loss of profits claims – Our forensic accountants are experienced in producing loss of profit claims for businesses who have suffered from fire, flood and other business interruption problems.
- Systems weaknesses and improvements – At all times, prevention is better than cure. With this in mind our forensic accountants, often in tandem with fraud investigators, can review and report on system weaknesses and areas for improvement.
- Defence of employee loss of earnings claims – Many businesses today face the prospect of claims from employees due to accidents or other incidents in the work place. We have experience in combining the investigation of the employees’ claims along with reducing the loss of earnings or damages being claimed.
Fraud can have a detrimental effect on morale within an organisation, causing misery for honest employees and managers alike. Fraud risks should be assessed and addressed like any other business risk. Clear and concise fraud statements, fraud policies, fraud response plans, definition of conflicts of interest, gifts, and business ethics should all be determined and fully endorsed by the management.