Understanding the Steps Taken for Fraud Examination

magnifying glass over the words financial report


When your El Paso company is going to be subject to a fraud examination, or when you want to conduct an internal investigation, it is imperative that you have a professional accounting firm that can assist. Clifford, Ross, Raudenbush & Cooper, LLC has experience helping companies navigate the process of a fraud investigation. We can provide you with the assistance you need in responding to allegations of fraud or in rooting out fraud from within your company.

Types of Fraud Examinations

There are different types of fraud examinations that can be conducted to determine if there is any legal wrongdoing within a business. If you are concerned that someone within your company is stealing or embezzling, you can organize an internal investigation and hire experts in forensic accounting to gather evidence before taking action. If you are accused of failure to fulfill tax obligations, the IRS may conduct a tax fraud investigation. If you are required to report accounting details to investors and there is suspicion that the numbers are not accurate, a closer look into fraud may be initiated. No matter what type of fraud or mishandling of information is affecting your El Paso company, Clifford, Ross, Raudenbush & Cooper, LLC is trained and certified to help.

What Steps to Take
1040 form with "oops" written on it

The specific steps taken for a fraud examination of this kind are going to vary depending upon the kind of examination that is underway. In general, you can expect that the examination will likely involve a careful review of all of your profits, losses, and other financial transactions that have occurred.  An accounting professional can review the numbers to look for irregularities and inconsistencies and to help determine if fraud has indeed occurred. To learn more about how a fraud examination will be conducted and how to prepare for it, contact our El Paso office today!