Forensic Audit

During economically challenging times, as profit margins decrease and bonuses for executives decline, the motivation of key personnel in companies may suffer. This situation creates conditions for a higher risk of fraud and misuse within the company, for example, in the following ways:

•   Misrepresentation and abuse in financial reporting

•   Misrepresentation of asset values due to embezzlement

•   Expenditures that violate regulations and unauthorized expenses, especially bribery and misappropriation of company funds

•   Related-party transactions and dealings, payment of hidden commissions

•   Ignoring legal regulations

Detecting and preventing fraud necessitates professional assistance with experience and the appropriate know-how.