Forensic & Examination
Every year numerous companies are prosecuted or investigated for financial fraud. The almost daily revelations of corporate fraud battered the stock market and eroded investors' confidence in the integrity of the capital markets. In response, the regulatory authorities passed legislation and issued regulations intended to raise the standards of corporate accountability, improve the detection and prevention of fraud and abuse, and reassure investors that they have a level playing field.
The goal of a fraud examination is to get an accurate result from the investigation. The experts at Farahat & Co., who are Certified Fraud Examiners (CFEs), adhere to a global standard designed for the anti fraud profession. Our team will assess your organization,and determine whether your company is in any way at risk. We will conduct a proactive investigation procurement program, providing the basic tools and techniques necessary to gather information and evidence. Our investigative accounting support will help you to expose any risks, and implement a system whereby you can ensure that your organization is protected against future risks and loop holes.
Fraud affects both the public and the private sector, and without support from the experts, can be very difficult to detect.
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Financial Investigations
Conducting investigations or responding to allegations requires insightful analysis at all levels of an organization. From management and employees to suppliers and creditors, crimes such as bribery, kickbacks and fraud can occur anywhere. We focus on the process needed to assess, acquire, adapt, analyze and advise on data from multiple sources, and choose the most effective solution to fit not only the needs of our clients and the investigation, but also the expectations of the judicial and law enforcement community.
Business Risk
Risks can fester and spread anywhere inside an organization, such as industry-specific which has the regulatory concerns within financial services and healthcare or common to all industries.
Asset Tracking & Recovery
Tracking and recovering misappropriated funds and assets is challenging, especially with today's increasingly connected technologies. By following the complex money trails and the understanding of financial reporting methods, banking practices and transfer system, our professionals have the ability to recover assets swiftly and cost effectively
Fraud Risk Management
By evaluating, mitigating and monitoring your fraud and misconduct risk, we can make informed decisions about the preventive and detective measures needed to protect your firm's value and reputation.
Litigation Consulting
In order to successfully address complex issues, a process that manages and re-assesses litigation throughout all phases is required. We have the experience and expertise to assist counsel in accomplishing this end. Whether the dispute involves breach of contract, lost profits, construction, or other claims or damages resulting from fraudulent financial reporting, we evaluate evidence so that an appropriate assessment of damages and other causes of action can be made.
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Dispute Risk Assessment
All disputes involve risks for the participants. Our professionals have experience in a range of disputes, from arbitration and mediation to the courtroom. This experience benefits clients by helping them to understand, measure and mitigate the risks they face in a dispute.
Expert Testimony
Our professionals have served as expert witnesses in many different litigation venues. In each case, they maintained the necessary credentials and experience in accounting, valuation, economics, quantitative methods, finance, technology, forensic accounting and industry-specific rules and regulations to provide objective and independent expert testimony.
Audit Services
Farahat & Co. provides a full spectrum of services, technologies and skills to management, directors, and business communities. Our network allows us to offer the right resources, at the right time, in the right place. We offer a creative and flexible approach to internal, external and forensic audits and its quality assessments from a standard compliance report to a full transformation of your capabilities. We also provide ongoing assistance for your internal staff and systems
Forensic Accounting
Companies dealing with financial issues often require forensic accounting to uncover important documentation which can lead to significant findings. Combining with a deep investigative understanding of accounting processes and controls over a company's books and records can bring to light case-altering transactions and business activities. Once such evidence is discovered, the forensic accountant has the knowledge and experience to handle and present the data for various litigation purposes such as filing a complaint or repairing a loss claim for recovery from third parties.
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Other Investigative projects undertaken
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Accountant malpractice
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Asset misappropriations
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Asset reconstruction, location and recovery
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Financial statement manipulation
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Fraud investigations
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Fraudulent transfers
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Government Contract claims
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Healthcare fraud and claim
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Insurance fraud and claims
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Internal investigations
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Lost profit claims
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Partnership disputes
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Professional malpractice claims
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Shareholder disputes
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Structured finance transaction
