Financial institutions and their customers are frequently victims of employee, management, and third-party financial fraud.  Fraud and other improprieties result in thefts of valuable business assets and propriety information.  When incidents arise, institutions must respond in a timely manner to determine the nature of the incident and how it occurred.  This results in the identification of the likely responsible parties, and quantification of the extent of financial damages. 

Applied Facts’ Forensic Accounting Investigators are trained and experienced in investigating and resolving suspicions or allegations of fraud, questioned financial matters or matters in dispute, and other specific business or legal issues requiring resolution.  Our Forensic Accounting Investigators work closely with financial institution representatives and representative attorneys, in a number of circumstances, including:

• Internal Investigations with respect to accounting and business issues, or financial reporting matters, which are generally triggered by:
  • Audit committee concerns
  • External auditor findings and recommendations
  • Media or regulatory reports or communications
  • Anonymous tips
  • Discovery of improprieties, thefts, and violations of company policy

• Civil litigation such as customer and shareholder/investor lawsuits, contract dispute issues, wrongful-termination claims, and fraud loss recovery actions.
• Regulatory investigations such as investigations by bank regulators, the Securities and Exchange Commission, or actions by other government authorities.
• Tax authority subpoenas and inquiries.
• Assisting with establishing and responding to employee “Hot Line” program activity.
• Assisting with implementing pro-active fraud risk assessments and implementing prevention controls.

Through our network of international affiliates, Applied Facts’ personnel can conduct forensic accounting investigations and consulting worldwide.