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Forensic Accounting and Fraud Detection

Forensic Accounting and Fraud Detection

Finding a possible case of fraud within your business is not something that any company wants to discover. The best thing for any business to do is to ensure that they enlist the help of a professional who can help them to come to a rapid conclusion.

You may not realise it, but accountants can do more than keep your books, in fact they can be on hand to provide their expertise should the need for forensic accounting or fraud detection arise.


There are a number of aspects of a fraud detection investigation. It is advised that these are carried out by experts who can quickly assess the situation and ensure that you reach the results that you are looking for.

Some of the services that can be carried out during a fraud investigation include:

  • Corruption and bribery investigations
  • Investigations into accounting irregularities
  • Asset tracing
  • Asset recovery
  • Quantification of loss
  • Background checks
  • Desktop reviews
  • Advice and guidance on how to proceed.

Fraud Prevention

Accountants are invaluable when you need advice on ways to prevent fraud issues from arising in the first place.

In some circumstances they can also be there to give advice on ways to prevent fraud issues from arising.

This often comes in the form of visiting organisations and identifying the specific risks that relate to their business, before developing procedures, solutions and perhaps training too, which will all mitigate your fraud risks. These prevention services can include:

These prevention services can include:

  • Development of fraud prevention that is specific to your business
  • Creation of codes of conduct and controls
  • Advice on the UK Bribery ActAct
  • Development of anti-bribery controls within your business

Whilst these cannot stop people committing fraud, they will limit the risk of it happening and show you the ways to deal with fraud, should it arise.

No one wants to think about the idea of fraud occurring within their business, however just like many other aspects of running a business, it is important to consider all worst case scenarios.