Forensic Accounting Services

Dedicated CFE’s and CPA’s Committed to Developing and Implementing Anti-Fraud Best Practices

Industries We Serve Healthcare Gaming & Hospitality Financial Institutions Not-for-Profits Cannabis Enterprises Entertainment, Sports & Media Technology Construction High-Net Worth individuals and families State & Local Government Tribal enterprises & GovernmentsFraudulent practices are one of the biggest issues facing modern organizations. Not only is there operational risk due to lost valuable revenue and productivity, fraud can also have a negative impact on public perception and market confidence.

The Association of Certified Fraud Examiners estimates that organizations lose approximately 5% of revenue to fraud. Instances of fraud are rising around the world, making it a priority that organizations take the initiative to identify and rectify current and historical instances of fraud, and implement internal controls that limit future opportunities for fraud.

MGO offers a dedicated Fraud Investigation Services practice dedicated to detecting, responding to, and preventing fraud. Our team of Certified Fraud Examiners, Internal Audit specialists, CPAs and risk management consultants have deep experience turning risks and vulnerabilities into opportunities for greater strength and long-term security via forensic investigations and anti-fraud services.

 

FORENSIC ACCOUNTING SERVICES

Fraud insurance recovery investigations

Identifying fraud is only the first step. What follows are sensitive recovery activities that include conducting a comprehensive investigation, pre-suit considerations, the litigation itself. All of which must be managed precisely to ensure that a judgment or restitution award is ultimately collected.

Litigation Support and Expert witness testimony

MGO’s Forensic Services team provides litigation support and expert witness testimony for situations requiring a specialist recognized by the court as having expert knowledge about evidence. We provide extensive expertise in financial, accounting, tax and regulatory issues.

Whistleblower investigations

Whistleblower allegations are best followed up by an impartial party capable of reviewing the details of the allegation to determine whether further investigation is warranted. If so, the ensuing procedures must comply with legal obligations, maintain confidentiality, preserve the reputations of individuals and organization and ultimately, take proper remedial action to avoid liability, and prevent future claims.

Fraud risk assessment and evaluation of internal controls

An effective fraud prevention program begins with a holistic assessment that identifies and test existing internal controls. The resulting report will identify, analyze and evaluate risks, giving an organization’s controlling body the necessary information to update or develop internal controls.

Digital forensics services

Modern fraud investigations often required highly-specialized skill managing electronic devices and evidence trails. MGO’s Forensic Services team has experience capturing, authenticating and analyzing data, evidence or information from electronic devices.

Third-party vendor kickbacks and contract compliance

Kickback schemes are one of the most common, and difficult to identify, forms of fraud. Because kickback schemes aren’t easily observed in an organization’s books and records, the procedures require an investigator who thoroughly understands the industry and notices discrete red flags indicating a bribery or kickback arrangement.

Asset tracing, misappropriation, and employee embezzlement investigations

Identifying employee fraud and misuse is a sensitive matter that can be conducted by “following the money” to both collect evidence of the crime, identify leads in the investigation, and ultimately identify assets subject to forfeiture.

Financial statement fraud and improper revenue and expense recognition

Premeditated misrepresentation, misstatement or omission of financial statement data to misrepresent the financial strength of an organization is a common, and difficult to trace, fraudulent activity requiring specialized investigative techniques.

Anti-bribery & Corruption investigations

The Foreign Corrupt Practices Act (FCPA) and UK Bribery Act, are examples of anti-bribery and corruption regulations related to uncovering fraudulent practices in domestic and overseas operations. MGO’s Forensic Services team offers invaluable knowledge of these regulations and enabling us to identify and resolve sensitive, complex regulatory issues.

Divorce services, including financial record examination and investigations

MGO’s Forensic Services team has experience supporting attorneys and their clients to quantify economic losses in damage suits as well as identifying assets and income streams in matrimonial matters.

 

The MGO Forensics Services team brings unsurpassed fraud examination & advisory expertise with proven solutions for companies that range from start-ups to Fortune 500 companies.  But, more importantly, we offer collaborative, highly personalized solutions that stem from a longstanding commitment to understanding our client’s strategic goals.

To find out more about how MGO CPAs can help you, let’s talk >>>

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