Companies’ financial and business interests are exposed to a number of risks, including that of fraudulent actions by employees, management or counterparties. The number of corporate fraud controversies we have witnessed worldwide, throughout various industries, demonstrates that this is a crucial issue.
The current economic downturn, due to the global financial crisis, revealed that the risks to businesses from fraud and other abuses appear to be rising considerably. According to an online poll of executives from various leading companies, conducted by the Deloitte United States Forensics practice in January 2009, 63.3% of executives polled expect instances of fraud and accounting manipulation to increase over the next two years.
The pressure to economize and reduce costs, which result in smaller paychecks, reductions in employee headcount and internal controls that contribute to diminished morale, are just a few factors that contribute to increased fraudulent activity in these turbulent times.
Resolving fraud-related issues requires a diversified approach and involves performing a number of complex tasks simultaneously. These tasks can only be carried out by qualified professionals in the fields of forensic investigation, accounting, audit, law, finance, and management, using a qualified multidisciplinary approach.
Our forensic specialists are ready to help clients solve the following new challenges, presented by the downturn:
Client targets: Cost reduction
Client targets: Maximizing the value of merger & acquisition deals
Client targets: Raising capital
Client targets: Maintaining a sustainable business