Fraud and IT Forensics

Fraud and Forensics

The pervasiveness and cost of corporate fraud, employee misappropriation of assets and financial statement abuse is a huge problem in American business today. Because of the nature of corporate fraud, companies need experts specifically trained in fraud and forensics with experience in investigation, fraud detection and prevention techniques.

Our team of experienced and credentialed forensic accountants can help you prevent and investigate fraudulent activity.

Fraud Prevention and Detection

Fraud prevention processes, policies and controls are designed to stop fraud before it occurs, eliminating the need for fraud detection. Our fraud and forensics team can design a fraud detection and prevention plan that will help you:

Segregate duties Perform an independent audit

Create a process of checks & balances Perform a complete weakness assessment

Develop a procedures manual Develop a conflict of interest policy

Here are some of the services and tools you have access to with the Brown Smith Wallace fraud and forensics team.

Fraud Risk Assessments
Fraud Investigations
Fraud Prevention Review
Continuous Monitoring Programs
Fraud Diagnostic Tools
- Anti-corruption Fraud Prevention Toolkit
- Fraud Detection & Prevention Toolkit
- Fraud Prevention Check-up

Computer Forensics

The extent of our digital society is requiring you to have the ability to investigate suspicious activity found on computers. IT risks range from financial fraud to hackers gaining access to your data.

IT forensics is the process of recovering and analyzing deleted, cached and hidden data from IT equipment. Our professional IT forensics team has the ability to analyze a wide range of devices from laptops to mainframes. Our services include:

Forensic Incident Response
Forensic Litigation Support
Incident Response Process Improvement

When you engage Brown Smith Wallace to investigate suspicious computer activity, our computer forensics investigation follows a very specific eight step fraud detection process, which is outlined in the following link.

Fraud Detection Process

Data Analysis

If suspicious activity is occurring in your business, call on the Brown Smith Wallace data analysis team. We utilize powerful data analysis tools such as ACL, Microsoft Access and optical character recognition software, etc., to help gather data and perform detailed analysis. Our data analysis professionals will enable you to see who is accessing files, how the information is being manipulated, what information is being recorded, etc.

As an example: Our team was able to detect a fraud in which engineering managers were booking costs to closed projects while receiving bonuses for bringing current projects in under budget. Analyzing the data provided the proof that the suspicions were correct and the disclosure put a stop to the activity.