When Does Your Company Need to Engage an External Fraud Investigator?
The hardest part in handling a fraud tip is to determine whether the tip is worth a further response. Here is where a fraud response plan comes in handy. With a response plan, the company will be able to determine and effectively conduct timely action in a professional manner to any tip. According to their own fraud response plans, some companies may conduct a preliminary review to verify the tip.
When to engage external investigators
Fraud in a company can take many forms, such as theft, corruption, bribery, embezzlement, etc. During the preliminary review the company may find some fraud schemes seem straightforward and can be verified through documents or witnesses. However, companies may also find some schemes that involve a complex web of illicit activity that need external professional investigators to conduct a fraud investigation.
The engagement of external professionals in your company’s fraud investigation can deliver specific benefits. An example would be that they can provide valuable perspective and analysis that are drawn from many years of experience. Additionally, since the external professional investigators run independently, they would not cause a potential conflict of interest with your company and they can also provide you with a high degree of objectivity during the course of the investigation.
How we conduct the investigation
For more than seventeen years, Integrity has been trusted by its clients as a compliance solutions provider, including fraud investigation service. Our investigators and analysts are experienced, well-trained, and well-equipped. Our investigation involves the collection of relevant evidence by conducting the following activities:
- Interviews and audits
- Search for witnesses
- Discreet approaches to employees or external parties
- Desktop searches
- Background checks
- Surveillance and monitoring on suspected individuals
- Computer forensics, which includes the recovery of deleted information
Should your company need detailed information related to how a fraud investigation works for your particular fraud case, do not hesitate to contact us.