Forensic Accounting Service

Forensic accounting is becoming one of the strongest growth areas in the accounting profession all over the world. Forensic accounting is defined as the practice of utilizing accounting, auditing and investigative skills to assist legal matters. It encompassed two main areas: Litigation support represents the financial presentation of economic issue related to existing or pending litigations. Investigation is the act of determining whether criminal matters such as employee theft; fraud (including falsification of financial statements), identify theft and insurance fraud have occurred.  In the western world,

Forensic accounting and investigation is gaining widespread awareness and acceptability in both the public organization and the private one. The collapse of most corporations and multinationals, has significantly awaken the need for a forensic accountant in fraud detection, using a forensic accounting techniques.

A forensic accountant takes a more proactive approach to examining the books of a company. He is a specialist, who makes no assumption of management integrity.The increasing cases of fraud in Nigeria and around the world in the recent past has been alarming, this emphasizes the invisibility of forensic accounting services. Sadly enough most of the fraud cases are not reported in Nigeria and there are little statistics to show the trend.

Meaning of Forensic Accounting 

Forensic accounting is viewed as a special area of accounting that described engagement that results from real or anticipated litigation, (Wikipedia Encyclopedia, 2006). In a holistic view, “these engagements fall into one of the four categories, economic damages, fraud and other forms of economic crime”, as the use of investigative techniques, integrated with accounting to develop information and opinion for evidence in court and for use by expert witness.

Also, forensic accounting is simply the process of interpreting, summarizing and presenting complex financial issues clearly of law as an expert witness. (Howard and Sheetz, 2006).

Fraud Awareness Workshop

The workshops allow our forensic accountants to interact with a large member of people, in addition to this; client specific workshops are also conducted.

 Investigation

Due to the increased sophistication of fraud, the skills and vast experience required in conducting fraud investigation, organization have relied on professionals who are expert, independent and unbiased to conduct an investigation.
Our investigative services frequently covers frauds by employee involve the theft of cash or inventory, or submission of false expenses claims; cheque’s forgeries are also very common.

Asset Tracing

Our services include the followings: Tracing and identifying client assets that are in the unlawful possession or control of third parties; gathering intelligence on the third parties and recovering of asset through civil remedies.

Litigation support

Our forensic accounting services provide opinion on technical question of audit, accounting, taxation, or other areas.
Litigation support involved quantification of losses in the context of fraud, disputed business valuation, loss of profits, insurance claims, intellectual property disputes and in many other situations.

Business / Employee Fraud Investigations

Business fraud investigation can involve funds tracing, asset identification and recovery, forensic intelligence gathering and due diligence reviews. Employee fraud investigations often involve procedures to determine the existence, nature and extent of fraud and may concern the identification of a perpetrator.
These investigations often entail interviews of personnel who had access to the funds and a detailed review of the documentary evidence.

Mediation and Arbitration.

Because of their familiarity and comfort with legal issues and procedures, some forensic accountants are highly skilled with special trainings on alternative dispute resolution (ADR).
ADR services include both mediation and arbitration, designed to help individuals and businesses resolve disputes with minimal disruption and in a timely fashion.