3 Kinds of Business Investigations that Can Save Your Companies


3 Kinds of Business Investigations that Can Save Your Companies

Do your companies experience shrinking inventory? Or you might find a systemic irregularity in financial statement? Then most probably you will need a business investigation.

Business investigation is a thorough investigation done by businesses to reveal any potential risks or fraud. Business investigation comprises both preventive and countermeasure action. By conducting investigation, a business can prevent risks from happening and minimize loss if a fraudulent action ever takes place.

In general, there are three kinds of business investigations based on your needs, which are:

1. Employment background check

There have been many incidents where companies should face financial loss and ripped reputation due to fraud and misbehavior conducted by the employees. By verifying candidates’ information as stated on their resumes/CVs, the purpose of an employment background check is to prevent employers from hiring the wrong candidate. The investigation scope includes education verification, credit check, as well as criminal and litigation check.

Read More: How Background Screening Helps A Company To Hire The Right Candidate

2. Due diligence

Any kinds of business cooperation bring certain risks for involved stakeholders. To prevent risks from taking place, a business needs to conduct due diligence. Due Diligence is a deep background check of a business or a person prior to signing a contract, appointing a vendor or when a company evaluates a target company or its assets for an acquisition. By conducting due diligence, any potential risk or hidden liability will be revealed, and you will save both Financial condition and reputation of your companies.

Read More:

Why Due Diligence Is Important In Business?

How Does Due Diligence Save A Company From Being Legally Convicted?

Vendor Due Diligence: 3 Common Pitfalls Your Companies Must Avoid

3. Fraud investigation

This investigation is done when a fraudulent action allegedly takes place. Fraud investigation involves various kinds of steps which are designed to protect business, minimize disruption, and present evidence. Fraud can take many forms, from an employee’s misuse of a company’s property, fund embezzlement, financial misconduct, intellectual property infringement, counterfeit product, data breach, to corruption. A company urgently needs to conduct fraud investigation primarily when a fraud happens in large and detrimental scale.

Read More:

5 Immediate Steps When You Discover Potential Fraud

5 Actions To Mitigate Procurement Fraud in Your Companies

Social Media Surveillance (2): A Successful Skip Tracing Story

For more than seventeen years, Integrity has been trusted by its clients as a mitigation solution provider. Our investigation consultants are experienced, well-trained, and equipped. Should your companies be in any of the situation listed above and need more detailed information related to how business investigation works for issues you encounter, do not hesitate to contact us.

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