Fraud & Financial Irregularities
Understanding unusual patterns in the records.
The financial context
An unusual transaction is a starting point for a question, rather than a conclusion. Reviewing timing, authorisation, supporting records and the movement of funds can help establish which issues require further examination.
Questions that shape the review
What is known about the transaction?
Start with its timing, authorisation and supporting material. Keep possible explanations distinct from documented facts.
Which records would clarify the concern?
Identify gaps and preserve the connection between the original material and the analysis.
From information to an explanation
The work should connect the source material to the question being considered. Differences in definitions, periods or assumptions need to be made visible, together with the effect of any missing records.
The resulting explanation should distinguish what is documented, what depends on judgement and what remains uncertain. Its form and level of detail depend on the agreed purpose.
A question of suitability
The practice’s relevant experience, independence and the information available must be confirmed before any engagement. The purpose, scope and reporting requirements are agreed before analysis begins.
Discuss the financial question.
Start with the background, the relevant period and what you need to understand.
Discuss an enquiry