Consider a Corporate Fraud Investigator for your white collar crime dilemmas

As a Corporate Fraud Investigator, I’ve spent countless hours looking at journal entries, profit and loss statements, balance sheets, ledgers, investment scenarios and countless other corporate level sales, profit and investment tracking practices. And forensic accounting, a major tool in the Corporate Fraud Investigator toolbox, is a useful asset to have. Understanding how and why a business accounts for their practices is the key to performing a solid fraud investigation.

As an example, let’s say inventory time is coming around. The public company you work for has about 7 stores. Pretty moderate sales volume, your company is growing. Now, as the inventory numbers start coming in, your corporate inventory guy starts to worry about the shrink numbers in one of the stores. He directs the in-store manager to report no more than $30k in losses on a sales volume of $1million. In reality, the store lost $50k in inventory. The manager is told the other losses will be poured into some other (bogus) account. The manager, following direction of the corporate office shows $30k in inventory loss and the corporate office books him for $30k. The other $20k gets put into a gross margin fund at the store level or is dismissed. Either way, bogus!

Now the outside investors see these shrink numbers and think, WOW, great news.

As a Corporate Fraud Investigator, you hear word from the loss prevention agent at a particular location about the inventory process. You start your investigation and the unraveling begins.

A good Corporate Fraud Investigator can be the best friend of the organization. Keeping a watch on fraud, waste and abuse and knowing when to react will ensure your business stays a business for many years to come.

For more information visit us at corporate fraud investigator or call us at 1.770.426.0547