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Fraud and financial investigations

The spectre of white collar crime can place a significant drain on any business.  When such issues arise, it is imperative that they are dealt with quickly and concisely.  Our Forensic Investigation team has the people, the technology, and the experience to help you navigate through the legal and operational complexities, and come to timely decisions so you can get on with business.  Our investigative processes are honed on the collective experience of our global network, and refined to meet localized conditions. 

Designing the approach
Our team will devise suitable investigation strategies and resource allocations to ensure that the work is conducted as efficiently and effectively as possible.  We work closely with you to structure our work plan, time line, and deliverables.

Data collection planning
The success of an investigation is dependent on the timely and proper identification, securing, and preservation of information that may have evidentiary value to the investigation.  These materials are isolated for processing and analysis.

Forensic technology
Our highly skilled Analytic and Forensic Technology team conduct the collection and analysis of computer based information extracted from PC's, laptops, data servers, and email servers.  Specific procedures to the legal requirement of the local court are followed to ensure the integrity and admissibility of any resultant evidence.  Our analysis team also use advanced data visualisation software to analyse and present any suspect or improper data associations or flows.

Forensic accounting
Our team of expert Forensic Accountants includes Certified Practising Accountants and Chartered Accountants with many years of experience in Singapore, Southeast Asia, Asia, Australia, Europe and the United States. Our forensic accounting team has worked extensively in Southeast Asia and China on fraud and corruption matters for local and multinational clients. Our team receives regular training on matters such as the collection and management of evidence and the analysis of financial data and records.

Interviewing suspects, employees and witnesses
Interviews of suspects, employees and other witnesses form a critical part of an investigation in determining the reliability and accuracy of the allegations, identifying suspects, understanding the methodologies behind the suspect scheme, and quantifying the potential losses.  Our Investigation team uses advanced interview techniques to maximise the prospects of eliciting the key information required to determine the 'who', the 'how', and the 'how much'. 

Fraud: The key issues
 
In today’s dynamic business world, companies’ financial and business interests are exposed to numerous risks, including fraudulent actions by employees, management and counterparties.  We have witnessed a number of corporate fraud controversies worldwide throughout all industries. This is a crucial problem and poses a significant threat to corporate survivability.

According to the estimates by the Association of Certified Fraud Examiners (ACFE), occupational fraud and abuse in the United States alone may exceed US$6 billion annually and if we add various other fraudulent schemes, the total may run to as much as 10% of global economic output: trillions of dollars worldwide due to unscrupulous acts.  The above statistics can be used as a guide to understand the potential losses of companies in other countries as well.

Fraud by its nature is hidden.  We will only know about it once it surfaces.  Occupational fraud and abuse is commonly categorised into three main components of corruption, misappropriation of assets and fraudulent statements.

Solving these problems requires performance of complex multifaceted tasks, which can only be performed through a multidisciplinary approach in the field of accounting, law, investigation and criminology.
In the effort to combat white-collar crime, Deloitte has a team of dedicated professionals with extensive experience in fraud and financial investigations.

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