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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 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.

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 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.

  • 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 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.

    • Law firms and their clients

    • Corporate general counsel

    • Audit committees

    • Courts and regulatory agencies


    Ids success factors
    IDS - Success Factors 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.

    • Depth of experience

    • Broad based resources

    • National practice


    Ids tasks and skills

    Conducting industry and company research 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.

    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 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.

    • Communication

    • Analytical

    • Technological / Computer

    • Industry Knowledge

    • Interpersonal

    • Project Management

    • Problem-Solving


    Ids credentials and certifications
    IDS – Credentials and Certifications 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.

    • Examples

      • Certified Fraud Examiner

      • Certified Public Accountant

      • Certified Financial Analyst

      • MBA

      • JD


    Ids typical engagement staffing
    IDS - Typical Engagement Staffing 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.


    Engagement performance approach
    Engagement Performance & Approach 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.

    • 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 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.

    • Electronic Evidence

    • Computer Forensics

    • Data Analysis


    Shenanigans
    Shenanigans 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.

    • 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 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.

    • Audit Committee Involvement

    • Whistleblower Status

    • Internal Controls / Sarbanes sec. 404

    • Restatements


    Questions
    Questions? 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.

    Questions?


    Thank you
    Thank You 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.

    Joseph Rosenbaum

    Ernst & Young LLP


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