Forensic accounting and forensic investigation

Forensic accounitng and forensic investigation

Fraud accounting and Forensic investigation

Forensic accounting

The application of rigorous analysis and review within the agreed upon procedures to validate accuracy and identify any errors or exceptions.

Our forensic accounting services include:

  • Dispute advice
  • Quantification of loss
  • Analysis and reconstruction of accounting records
  • Witness testimony

Case studies

  • RSM was engaged to assist a client through their lawyers who were in dispute with its lender around the alleged debt owed. RSM reconstructed the accounts to quantify the debt owed and presented our findings to the client.
  • RSM was engaged by a government agency to examine alleged anomalies concerning the payments of employee entitlements. RSM reviewed, analysed and recalculated the employee entitlements applying the applicable business rules and policies to ascertain the shortfall.

fraud accounting and fraud investigation

Forensic investigation

FORENSIC INVESTIGATION APPROACH

Utilising key avenues of investigative inquiry including:

  • Interviewing witnesses
  • Identifying and reviewing relevant data and documentation (e.g. accounting data, source or supporting documentation for transactions, policies/procedures, contracts, etc.), including fraud or forensic data analytics
  • Computer forensics of relevant data (e.g. emails and other records and communication)
  • Forensic intelligence or background checking
  • Inquiries with third parties (e.g. banks)
  • Tracing funds and assets
  • Liaising with law enforcement if required
  • Interviewing person(s) of interest or suspects
  • Preparing reports and/or a brief of evidence
  • Rules of evidence (gathering, admissibility, security, continuity)
  • Compliance with the law
  • Principles of procedural fairness and natural justice
  • Subject matter investigation competencies, licensing/ security clearance, professionalism
  • Legal and ethical avenues of investigation
  • Liaison with law enforcement where required
  • Factual findings reports and recommendations
  • Recovery avenues and internal controls remedial action advice

TYPES OF CONDUCT WE INVESTIGATE

  • Fraud and corruption
  • Financial crime including money laundering
  • Code of conduct or integrity breaches
  • Bullying and harassment and other workplace issues
  • Security incidents including terrorism
  • Ethics breaches
  • Occupational Health and Safety
  • Compliance breach
  • Internal control weaknesses or exploitation
  • Confidential information or data breach
  • Environmental incidents
RSM offers Workplace assurance advice

Webinar: Anti-Fraud Resilience The Latest Innovations

7 October 2021
Roger Darvall-Stevens, Partner and Head of Fraud and Forensic Services, presented on recent significant changes to fraud and corruption control which could make a significant positive impact to your business to help reduce the cost of fraud and corruption and have a more robust fraud and corruption control system.

Better practice fraud and corruption control guide AS 8001:2021 - RELEASED

10 August 2021
Many who have responsibility for fraud and corruption control within their business (whether private or public sector) will know of the better practice guidance from the Australia Standard AS 8001 Fraud and Corruption Control.

Fighting Insider Fraud: Using the Right Technologies

26 July 2021
Roger Darvall-Stevens, Partner and Head of Fraud and Forensic Services, met with the team at Fraud Today for an interview to discuss his latest global webinar on the topic of Fighting Insider Fraud: Using the Right Technologies. 

Fraud and Corruption Pressure Testing to Reduce "Surprises"

16 February 2021
The fundamental step in protecting an organisation and mitigating fraud and corruption control risks is understanding the type of fraud and corruption control risks that are prevalent to the organisation and assessing the counter measures currently in place to mitigate those risks. 

Risk Insider Newsletter - Edition #5

29 July 2020
Audit Committees, Senior Executives and Boards need to understand the impact of the coronavirus pandemic on internal controls. The pandemic has caused many to transition to a work-from-home arrangement, and your most important internal controls may not have kept pace with these rapid process changes. Now is the time to ensure that any issues with underlying transactions, data or controls are identified and corrected, to prevent misappropriation or fraudulent activities.

Is COVID-19 an excuse to forgo forensic due diligence or integrity checks?

20 April 2020
In the wake of these ever-changing times it is quite natural for businesses and individuals to focus more on survival. This includes staff retainment rather than paying attention to protective control measures including conducting forensic due diligence checks.

COVID-19 Anti-fraud and corruption toolkit for business

27 March 2020
An important COVID-19 fraud update from the Fraud & Forensic Services team at RSM 

South Pacific and Asia Conference 2020 (SOPAC®)

2 March 2020
Darren Booth, National Head of Security and Privacy Risk Services at RSM Australia, will be presenting at the upcoming South Pacific and Asia Conference 2020 (SOPAC®) on 'The latest news in cyber security'. This presentation will cover the following:

Whistleblower reporting and protection for your business

28 January 2020
There are now legal requirements for companies to have whistleblower avenues in place and ensure whistleblower protection when receiving, managing and investigating reports, which bring companies up-to-date and beyond the whistleblower requirements for the public sector.

Top of mind Cyber Security concerns for the financial services industry

26 September 2019
Cyber attacks and data breaches are now commonplace in financial services, more so than in any other industry and becoming the number-one risk concern for executives and directors.  

Should auditors be responsible for detecting fraud?

11 June 2018
An auditor is a watchdog, not a bloodhound...

Fraud & Forensics - the 'must knows' for business leaders

23 May 2018
This month, Roger Darvall-Stevens, Partner and National Head of Fraud & Forensic Services at RSM, is featured in Financier Worldwide’s Corporate Fraud & Corruption Annual Review. In the feature, he talks about regulatory developments in Australia, fraud & corruption risks and offers advice to businesses on how to mitigate t

Defining cyber risk. A view from the directors chair.

29 November 2016
Tim Daly, Group Manager Risk, Security and Service Management at AEMO, recently discussed cyber risks at the Sydney Women on Boards luncheon.

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