Asset Misappropriation & Fraud investigations: Asset misappropriation is defined as the misuse of company assets for personal gain.  It can occur as a result of corruption (e.g. bribery, conflicts of interest or illegal gratuities), cash larceny, cash skimming or misappropriation of non-cash assets (e.g. inventory).  Asset misappropriation includes embezzlement, which is the wrongful taking of another's property for the wrongdoer's benefit where the wrongdoer has custody of the assets in a position of trust.  This occurs in banks, financial management firms, trusts and estates.  We can assist in a preventive sense by reviewing internal controls and certain key accounts for the presence of fraud. We can assist in the detection and measurement of fraud or investigate hidden assets.

Bankruptcy Fraud: Allegations of fraud and misconduct are common in bankruptcies. We can assist bankruptcy trustees in their investigation of these allegations and the investigation of hidden assets and fraudulent conveyances.  We can also assist in reviewing the solvency of the estate and financial projections in Chapter 11 reorganizations.

Financial Statement Fraud: Financial statement frauds are perpetrated to encourage investment, obtain financing or to receive performance related bonuses.  Large publicly held companies have annual audits which are a partial deterrent to fraud but the vast majority of privately held businesses do not have annual audits.  We can perform an accounting investigation of  financial statements for possible misstatement.  We accomplish this by investigating key items behind the financial statement, such as revenue recognition accounting and accounts receivable.  We can provide preventative service by reviewing accounting principal selection and controls over financial statement preparation.