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FRAUD AND FORENSIC ACCOUNTING
| Spectrum of Services |
- Fraud Investigations
- Fraud Susceptibility Analysis
- Fraud Prevention Programs
- Forensic Audits
- Assets Searches & Transaction Tracing
- Reconstruction of Accounting Records
- Determine Cause & Extent of Losses
- Analyze, Interpret & Present Complex Financial Evidence
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While most businesses would like to believe they are immune from fraud, the sad reality is that fraud is more common than you think. Fraudulent acts cost businesses billions of dollars per year in damages. Whether it’s intentional misrepresentation of financial statements or the theft or improper use of resources by senior management, employees, vendors or contractors, fraud can significantly impact the market value, reputation and livelihood of your business.
Discovering that fraud has occurred can be quite unsettling to management. In most instances, the perpetration has been occurring for quite some time and has gone unnoticed by management. Adding insult to injury is the fact that the perpetrator can be anyone - even your most trusted employee. All it takes is pressure, rationalization and opportunity to create the motivation to commit fraud.
Experienced fraud investors give you peace of mind. When fraud is suspected, it’s hard to determine what to do next. Piecing together what happened, determining the extent of losses and gathering evidence to support your claim can seem like a daunting task. MFA’s team of professionals has a deep knowledge of and extensive experience in financial and fraud investigations. We have specialized technical expertise and are credentialed in the areas of fraud and forensics, internal controls, auditing, accounting, finance, and valuation. In working with MFA, our clients are secure in the knowledge that MFA is onboard to assist in determining the facts and issues surrounding the suspected fraudulent act.
Going beyond the facts to deliver insight and strategy. A thorough investigation of the matter at hand establishes the cause and extent of losses as well as determines how the fraudulent act occurred in the first place. At MFA, we go beyond just reporting the facts. We help our clients to fully understand the realities of the situation and work closely with management and its legal representatives to set appropriate expectations and select the best course of action, whether it’s settlement with the relevant parties or pursuit of criminal prosecution.
Proactively minimizing the risk of fraud in the future.
At MFA, we’re known for our proactive approach to fraud prevention. Businesses regularly seek us out for assistance in minimizing their risk of fraudulent activities through the development of effective fraud prevention and deterrence programs. Our team of professionals works closely with clients to identify areas of susceptibility in their current systems, procedures and transactions. We also assist in the development, review and/or refinement of our clients’ internal controls and critical oversight processes.
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