Description
If an organization suspects losses due to fraud, manipulation, asset misappropriation, embezzlement or other kinds of occupational fraud, the management’s prime concern is to identify the perpetrator and to plug the loopholes. As forensic accountants, we conduct in-depth analysis which can withstand any challenge faced during cross examination in the Court or during close scrutiny by legal experts. This is possible as we have resources to get to the bottom of even the most complex financial manipulation.
Our team of qualified forensic accountants, certified fraud examiners and computer forensic experts are thoroughly trained and well experienced not only to detect financial discrepancies, but to provide sufficient details to reflect modus operandi, manifest intent and the subsequent cover-up which is generally not detected during a normal course of audit/review. After investigation, we generally provide the steps needed to prevent future reoccurrence on the request of our clients.
Our experts have a proven track record in investigating a wide range of disputes related to construction industry in Malaysia. We have extensive experience in issues such as cost escalations, Liquidated Ascertained Damages (LAD), unauthorized trespassing during construction, and fraudulent claims by subcontractors involving multi-million ringgits.
Our experts played an instrumental role in assisting the Public Accounts Committee (PAC) in investigating financial mismanagement and possible fraud in the Littoral Combat Ship (LCS) Programme, which has led to projected losses of RM890 million. For further details, please refer to the PAC website where our report is published.
Reference Links:
1. Portal Rasmi Parlimen Malaysia - Laporan
2. Damning new twist in LCS saga
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Case Study on Hypothesis:
More detail about Alliance IFA (M) Sdn Bhd
Malaysia
