Fraud Prevention and Investigation

Companies and organisations are at their most vulnerable to Fraud, Financial Misconduct, Corruption and Bribery in times of economic downturn. It is believed that such instances will greatly increase over the coming years and for the foreseeable future. The £39.4 million in REPORTED Fraud in Scotland, has contributed o the £2 billion barrier being broken for the first time in the UK as a whole in 2009. In comparison, the total of REPORTED Fraud in Scotland in 2008 was £5.1 million.  

The impact of Fraud and Financial Misconduct in any business, should never be underestimated and can have a devastating effect.  The costs and damages suffered by victim organisations extends far beyond purely financial losses and can impact upon company reputation, monopolise management time and focus, as well as distracting staff and  damaging customer loyalty.

Businesses respond differently when they fall victim to Fraud or Financial Misconduct. Some choose to pursue immediate prosecution, while others will focus on recovering as much of the losses as possible. In either event, securing evidence at an early stage is vital.

While Fraud and wrongdoings in the workplace are inevitable aspects of the business world, there are positive steps that organisations can take to manage the ever-increasing risks and to act in an appropriate manner should fraud occur.

Organisations should be asking themselves:

• Do we have an effective policy in place?
• How would we react to such an instance occurring in our business?
• Have we ever carried out a Fraud Risk Assessment?

Another new service from Anderson Anderson & Brown

We are delighted to announce the launch of a new Fraud Prevention and Investigation Service.

The discovery of Fraud or Financial Misconduct can lead to anger, anxiety, stress, frustration and a great deal of wasted time.  We know the impact that such an occurrence can have on your business and by using our experience and knowledge acquired over many years in a number of specialised areas, such as Forensic Accountancy, Internal Control Reviews, Fraud Investigation, Asset Identification and Recovery, we are able to provide you with definitive and tailored services which are designed to help your organisations and businesses.

What we offer

• Assistance with the prevention and detection of fraud, financial misconduct, corruption and bribery through our Internal Controls Review and implementation of appropriate controls and procedures.
• Investigate any instance or suspected instance of fraud promptly, with a view to asset identification and recovery.
• Provide factual, expert reports and analysis in civil/criminal proceedings and negotiated settlements.
• Liaise with law enforcement, prosecution authorities and other regulatory bodies on your behalf.
• Assistance in the design and implementation of remedial steps and procedures to mitigate the risk of recurrence.
• Assistance with implementation of controls to ensure with compliance with the Bribery Act 2010.
• Provide in-house training to Directors and Senior Management.
• Provide a unique and external Whistleblowing Service

Best service

Fraud and Financial Misconduct matters demand and deserve prompt action. We can often have a Lead Investigator on-site, on the same day of the discovery of the matter, with the full investigation commencing immediately thereafter.

Using our experience, we are able to quickly establish the circumstances, agree the strategy and direction of the investigation.  We identify the viability of third parties as targets for recovery actions, through asset identification and recovery, all the while maintaining an awareness of the needs of your business.

Once instructed as your Fraud Investigator, we tailor each investigation to fit with your requirements and you can be assured that all are conducted in a confidential, discreet and professional manner.

Not only are we able to act locally and throughout Scotland, we are also affiliated to an international network of high quality accounting and legal firms.  These are valuable links, which can be utilised when identifying and recovering assets overseas.

All businesses and organisations should take the opportunity to reflect and carefully consider the changing landscape of fraud and other risks. However, there is good news in that effective fraud risk management, controls, policies and procedures, more than pay for themselves. We are all trying to reduce costs and by attacking fraud, financial misconduct and abuse, this offers huge cost savings opportunities for a relatively low investment.

More Information

For more information and a no obligation discussion, please contact us by emailing Scott Grant This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call us on 01224 625111.