Anti-Fraud and Investigative Services

Asset Tracing
In cases where it is believed that assets could have been diverted from a business for personal benefit or it is suspected that a spouse may be hiding assets for purposes of a divorce, we are able to provide asset tracing services to “follow the money”.   Our asset tracing services include the ability to provide assistance in the following areas:

  • Examination of historical financial statements and business records

  • Detailed analysis of all bank statements and banking activity

  • Analysis of profit margins, vendor activity, etc. in search of unusual transactions

  • Detailed review of journal entries or unexplained transactions

  • Benchmarking analysis

  • Provision of expert witness testimony

Embezzlement Loss Quantification
RAL Forensics has worked in conjunction with law enforcement agencies at the federal, state and local level to investigate instances of white collar crime by providing analysis and other documentation to be used as evidence to assist with the prosecution of such cases. We have also worked with businesses that were victimized by fraud and their insurers to assist with the fidelity bond claims process, improving internal controls after a fraud event has occurred, etc. Our embezzlement loss quantification services include the ability to provide assistance in the following areas:

  • Fraud detection investigation

  • Quantification of embezzlement losses

  • Review of applicable insurance coverage in force, applicable limits and the required steps in the claims process to ultimately provide a proof of loss to the insurer

  • Provision of expert witness testimony

Fraud Detection and Prevention
The typical entity loses an average of as much as 5% of its gross revenue per year as a result of fraud and abuse.  In these tumultuous economic times, fraud is becoming more prevalent.  In fact, small businesses tend to be hit the hardest by occupational fraud.  The most common fraud schemes involve embezzlement of cash, writing fraudulent checks and misappropriation of inventory.   The best way to minimize the occurrence of fraud in your organization is to limit the opportunities for fraud to occur by implementing adequate internal controls, proper levels of review and oversight, etc.   RAL Forensics has worked in conjunction with law enforcement agencies at the local, state and federal level investigating white collar crime and providing evidence to assist with the prosecution of such cases.  We have also worked with businesses who were victimized by fraud to assist with the fidelity bond claims process, improving internal controls after a fraud event has occurred, etc. Our fraud detection and prevention services include the ability to provide assistance in the following areas:

  • Fraud risk assessments

  • Fraud detection investigation

  • Quantification of embezzlement losses

  • Evaluate current internal controls to identify potential areas for improvement

  • Ensure that proper segregation of incompatible duties are in place to minimize opportunities for improper activity

  • Determine if there is an adequate level of management oversight involved in the reconciliation and review process

  • Implementation of policies and procedures to secure assets that are highly subject to misappropriation (cash, inventory, etc.) through physical and operational controls