What is involved in a typical forensic investigation?
A. Each situation involving fraud allegations is unique; as such, there is no “checklist” per se, when conducting an investigation. Having said that, there are general best practices that are normally followed. An investigation typically starts with a review of the allegations with the client to discuss the issues and objectives of the investigation. Priority is given to identifying and securing the potential sources of evidence, be it hard copy and/or electronic. Once the initial scope of work is agreed upon by the parties, the fieldwork is carried out, which can include: Review of documentation; witness interviews, search of hard drives and other electronic devices; physical search of work stations; preparation of schedules and analysis; and preparation of a report and document brief containing the documentation to support the investigation’s findings. The forensic accountant may also be requested to testify in court, in the capacity as an expert witness.
