Fraud Investigation


Senior Management, Audit Committees and Regulators expect, if not require, fact-based and objective reporting on investigation findings, when a system or control override, or weakness, may have contributed to a fraud (or other loss) event.

A Fraud Response Plan usually includes guidance on minimum requirements for investigation planning. Senior management oversight is key to ensuring clarity of investigation scope and objectives, as well as the 'who by', 'what focus' and how an investigation is undertaken; and the mechanics for ensuring that senior management is appraised on progress.


Planning

Poor planning can contribute to evidence loss or damage, reputation risk and increased regulatory concern:

  1. Appropriately skilled resource with the requisite technical capability should be used - suspected insider involvement or complicity may benefit from independent review and challenge of the facts
  2. Consideration should be afforded to obtaining legal advice and specialist support at the outset of investigation planning
  3. Try to minimise business disruption whilst securing evidence and identifying opportunities for: (i) identifying the person(s) responsible; (ii) improving internal controls; and (iii) obtaining recoveries and/or tracing misappropriated assets

Delivery

When investigating suspected fraud:


How we can help you

FCRM conducts UK and international fraud and asset tracing investigations.

On international assignments (where practicable) we use experienced investigators with knowledge of local language, culture and business practice.

We deliver robust reviews and investigations, often in challenging circumstances. Reports include fact-based findings, objective commentary on internal systems and where required, practical recommendations to improve/enhance fraud controls.



Integrity in Business Practice