Deloitte ranked #1 by Kennedy in global forensics and dispute advisory servicesDOWNLOAD
20 August 2013: Deloitte has been ranked number one globally based on revenue in the forensics and dispute advisory (F&DA) services sector in the 2013 Kennedy Forensics and Dispute Advisory Services report.
The firm was also named a Vanguard leader in both forensic and investigative services and dispute advisory and analysis services for its depth and breadth of capabilities.
It is the second report Kennedy has issued – the first in July 2010 also ranked Deloitte number one in the F&DA space based on revenue.
The new report provides a detailed examination of client needs and drivers of F&DA spending and evaluates the strengths and limitations of a diverse set of service providers competing across the two sub-segments of the F&DA market: forensic investigation and dispute advisory and analysis.
“We are very proud that Kennedy has acknowledged Deloitte Forensic as number one in F&DA services for the second consecutive time,” said Tim Phillipps, Deloitte Touch Tohmatsu Limited (DTTL) Global Leader, Deloitte Forensic.
“Deloitte’s clients operate in a global marketplace fraught with complex regulatory frameworks and business environments that create many crisis and challenges around fraud, corruption and financial crime. Deloitte has built a global network that harnesses Deloitte’s deep industry and technical skill with advanced analytical technology to help clients meet those challenges.”
Deloitte Australia Partner and National Forensic Leader Chris Noble said the issues faced by organisations operating in the global marketplace were just as relevant for those operating in Australia.
“Threats such as fraud, corruption and money laundering, and their potential reputational, financial and criminal impacts are very real,” he said.
“There is a higher level of supervision and regulatory action than we have seen in the past, and Australian multinationals and government agencies, for example, have to manage financial crime issues that are subject to greater scrutiny.
“Our 80-strong Australian team of forensic specialists helps pre-empt these threats and navigate clients to a better place. They also work across jurisdictions with their colleagues around the world in a real demonstration of the Deloitte offering working on a global level.”
Deloitte’s F&DA practices were recognised by Kennedy for “an outstanding reputation with inside and outside counsel and strong credibility with regulatory authorities. It is one of only three practices that excel in both sub segments of F&DA.”
The 2013 report also praised Deloitte for strength across capabilities in both forensic investigation and dispute advisory and analysis and found it was most often identified as “world-class” by clients. It also highlighted Deloitte’s use of novel and sophisticated analytical and technology-driven approaches – particularly sampling and predictive techniques – to address client F&DA challenges.
Key findings from the Kennedy report:
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