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Forensic Accounting BA 124 April 28, 2005. Forensic Accounting Services in a Big Four Firm. Forensic Accounting in a Big 4 Firm. Introduction Investigative and Dispute Services (IDS) Engagement Performance and Approach Shenanigans Trends Questions. Service Line Structure.

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forensic accounting ba 124 april 28 2005

Forensic Accounting BA 124April 28, 2005

Forensic Accounting Services

in a Big Four Firm

forensic accounting in a big 4 firm
Forensic Accounting in a Big 4 Firm
  • Introduction
  • Investigative and Dispute Services (IDS)
  • Engagement Performance and Approach
  • Shenanigans
  • Trends
  • Questions
service line structure
Service Line Structure

Ernst & Young LLP

AABS

Assurance and Advisory Business Services

Tax

Transaction Advisory

Tax Minimization

Tax Operations

Valuation

Core Assurance

Corporate Finance LLC

Nat’l Advisory Services

Human Capital

Technology & Security Risk Services (TSRS)

Business Risk Services (BRS)

aabs structure
AABS Structure
  • Assurance
    • Provides assurance on the state of an organization through financial statement audit and review of internal controls
    • Assesses procedures and controls
  • Business Risk Services (BRS)
    • Provides comprehensive risk services
  • Technology and Security Risk Services (TSRS)
    • Helps clients assess and mitigate information technology risk
  • National Advisory Services (NAS)
    • Helps client solve business problems and achieve high levels of performance
    • 4 National practices
investigative and dispute services ids
Investigative and Dispute Services (IDS)
  • Practice Areas
  • Target Clients
  • Success Factors
  • Tasks and Skills
  • Credentials and Certifications
  • Typical Engagement Staffing
our business
Advising corporate counsel and law firms, our more than 750 dedicated Investigative & Dispute Services professionals apply industry-specific knowledge to offer comprehensive strategies for preempting, managing, and resolving the risks of business conflict that can emerge across an organization. Our Business
key points of conflict
Alternative Dispute Resolution

Antitrust

Construction Disputes

Class Action Matters

Electronic Evidence Discovery

Construction Claims

Expert Witness Services

Large Business Interruption

Financial & Economic

Damages Studies

Franchise & Dealership

White Collar Crime

Government Investigations

Product Recall

Patent and Trademark Disputes

M&A Disputes

Securities & Shareholders Disputes

Key Points of Conflict
ids practice areas
IDS – Practice Areas
  • Investigative Services
      • Occupational Fraud
      • Financial Statement and Accounting Issues
  • Dispute Services
      • Damage Analysis
      • Intellectual Assets
      • Insurance and Business Interruption
  • Legal Technology Services
      • Computer Forensics
      • Data Analysis
      • Electronic Evidence
ids target clients
IDS - Target Clients
  • Law firms and their clients
  • Corporate general counsel
  • Audit committees
  • Courts and regulatory agencies
ids success factors
IDS - Success Factors
  • Depth of experience
  • Broad based resources
  • National practice
ids tasks and skills
Conducting industry and company research

Analyzing key financial and industry drivers

Financial modeling

Analyzing and reviewing litigation documentation

Creating and maintaining engagement databases

Drafting client presentations

Developing and communicating creative solutions

IDS - Tasks and Skills
ids tasks and skills1
IDS - Tasks and Skills
  • Communication
  • Analytical
  • Technological / Computer
  • Industry Knowledge
  • Interpersonal
  • Project Management
  • Problem-Solving
ids credentials and certifications
IDS – Credentials and Certifications
  • Examples
    • Certified Fraud Examiner
    • Certified Public Accountant
    • Certified Financial Analyst
    • MBA
    • JD
engagement performance approach
Engagement Performance & Approach
  • Engagement Acceptance
    • Regulatory Environment
  • Strategy / Scope / Work plan
  • Performance of the Investigation
    • Testing, Interviews, Analysis / Predictions, Electronic Discovery / Computer Forensics
  • Documentation
    • Quality Assurance/Control
  • Final Report/Presentation
electronic evidence technology services
Electronic Evidence/Technology Services
  • Electronic Evidence
  • Computer Forensics
  • Data Analysis
shenanigans
Shenanigans
  • Premature recording of revenue
  • Bogus revenue
  • One time “recurring” gains
  • Shifting current expenses
  • Unrecorded liabilities
  • Revenue shifting
  • Shifting Future Expenses

(Note: this slide was taken from your course notes)

trends
Trends
  • Audit Committee Involvement
  • Whistleblower Status
  • Internal Controls / Sarbanes sec. 404
  • Restatements
questions
Questions?

Questions?

thank you
Thank You

Joseph Rosenbaum

Ernst & Young LLP

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