Forensic auditing.

Forensic auditing could be defined as the application of auditing skills to situations that have legal consequences.

Case study.

A fortune 500 company suspected a new subsidiary was misappropriating funds. The kessler international team approached this investigation in stages and began by conducting a surveillance of the plant. Investigators immediately observed employees stealing large amounts of raw materials. The next step was to conduct a forensic audits of the plants business records. We discovered that 75 of the plants employees were illegal aliens. Other inconsistencies included three employees who were currently serving prison sentences. Our accountant also noticed thousands of dollas in cheques that were cashed by cheques cashing services. After receiving this information, the forune 500 company took appropriate legal action and requested we conduct investigations into their other subsidiaries.

Kessler international case study.

After years of marital bliss a couple decides to divorce due to several irreconcilable differences. One spouse was uncooperative and made the divorce process extremely difficult. The forensic accountants at kessler international were called in to determine the value of the couple business, It had become extremely difficult to obtain the proper documentation that would determine her share because every possible legal maneuver to stall the procedure was used. The kessle team worked quickly and efficiently and obtained a court order that allowed them to gather evidence through an on site visit. They obtained all the evidence necssary and produced a report that would serve their client well in court.

Forensic accounting case studies.

At the request of a consumer product manufacturer, the team at Kessle international was asked to determine if their products were diverted to in appropriate markets. After a careful and thorough investigation, our researchers and investigators uncovered that only some of the goods left the united state, the shipping company used by the customer was assisting diversion. The manufacturer was informed and immediately stopped relations with the customer and sought legal action.

Micheal .G. kessle was the first forensic accountant.

1. An investment bank was considering providing finance plastic manufacturer overseas. The bank rumors of faulty operations and overestimated profits and thought accurate business intelligence could help them make a decision. The kessle international forensic accounting team was called in to conduct a general investigation of the plastic manufacturer and determine if the information they provided to the investment bank was truthful. Our researchers and investigator scrutinized the company's revenues, their books, and projections to assure they were fair and accurate. They also assessed the potential risks involved in the deal and provided the investment bank with valuable information to help them make the right decision before it was too late.

Forensic accounting.

Forensic accounting is accounting that is suitable for legal review, offering the highest level of assurance, and including the now generally accepted connotation of having been arrived at in a scientific fashion. That is, forensic accounting is sufficiently thorough and complete so that an accountant,in his /her considered independent professional judgement, can deliver in a finding as to account, inventories, or the presentation thereof that is of such quality that it would be sustainable in some adversarial legal proceeding, or within some judicial or administrative review.

Typical forensic accounting services.

Typical forensic accounting services include.
1. Tracing missing money and investigating frauds, corporate failures and insurance claims (usually at pre-litigation stage)
2. Providing expert opinions on financial transactions in the court of law.
3. Assessing damage calculations.
4. Valuing company in litigation and arbitration.
5. Investigating partners disputes and auditor negligence.
6. Case assessment.
7. Identification, examination and organization of documentation required to support the case, both additional and currently available.
8. Evaluation of the scope of the investigation and subsequent work.
9. Preparation of initial financial analysis to determine the cost/benefit of litigation.
10.Preparation of reports and accounting schedules.