Forensic Accounting and Fraud Prevention
Citadel Point supports law firms and organizations across industries to investigate fraud and take decisive action against it.
- Partner directly with a forensics specialist for a swift resolution
- Investigate and validate allegations quickly
- Regain confidence in your internal defences
When a fraud incident or dispute disrupts your business, Citadel Point steps in to deliver clarity and assist with resolution. Our forensic services, trusted by law firms, financial institutions, government organizations, and businesses across industries, leverage deep investigative expertise to uncover the truth behind fraud allegations and provide robust support throughout administrative or court proceedings.
Forensic Services
Fraud Investigations
We support you through the entire investigative process, from preliminary analysis to forensic investigations.
Disputes & Litigation Support
We deliver expert reports, analysis, and investigations to help you resolve complex disputes.
Fraud Risk Management
Our comprehensive assessments and program design help you to proactively manage fraud.
Fraud Investigations
Investigate Concerns and Uncover the Truth
Leave no stone unturned
We reveal the bigger picture and the finer details, equipping you with critical information for confident decisions.
Respond decisively
Take decisive action, armed with our objective, independent analysis and recommendations.
Uphold integrity
Demonstrate your unwavering commitment to due diligence and ethical practices by conducting a thorough, unbiased investigation.
Overview
Our fraud investigations equip Boards and Executives with crucial information to respond to allegations and financial irregularities. We combine forensic accounting techniques with advanced technologies and investigative interviewing to conduct objective, independent assessments. Our team guides your evaluation process and recommends procedures to address any identified issues.
With expertise in cases involving asset misappropriation, self-dealing, conflict of interest, disclosure fraud, and corruption, we approach every inquiry with focused attention.
Capabilities
Preliminary Analysis
We begin with an initial assessment to determine the validity of allegations or concerns. This involves reviewing available information and conducting initial discussions. If necessary, we’ll outline our approach for a full forensic examination to confirm or disprove the allegations.
Forensic Investigations
Our forensic investigations involve interviewing stakeholders, analyzing financial transactions and data, and compiling detailed findings. We conclude each investigation with clear, actionable recommendations to guide your next steps and resolve the situation effectively.
Dispute resolution & litigation support
Navigate and Resolve Complex Disputes Swiftly
Bridge the financial-legal divide
Uncover the legal implications hidden in complex financial data to guide your decision-making.
Accelerate resolution
Streamline the dispute resolution process with our focused analysis and reporting.
Present credible analysis
Benefit from expert reporting and testimony that withstands scrutiny.
Overview
Our Dispute Resolution & Litigation Support services provides clarity, evidence, and insights to successfully navigate legal proceedings involving fraud allegations, financial wrongdoing, and disputes. With a focus on objective analysis and robust reporting, we help you to present the facts in civil, criminal, and administrative proceedings.
Our expertise extends to shareholder, regulatory, contract/vendor compliance, and matrimonial disputes.
Capabilities
Expert Reporting and Testimony
Our detailed findings and observations are documented in an expert witness report that supports legal proceedings. We also provide expert testimony to clearly and credibly present finding in court.
Exploratory Analysis
We thoroughly analyze available information in the context of the dispute. Based on this analysis, we design and propose a comprehensive assessment plan for detailed investigation and reporting. This helps you to understand the potential impact of available information and its role in resolving the dispute.
Investigations
We investigate specific allegations or disputed areas, gathering evidence to determine the facts. Our findings will either support or refute the claims made by the parties involved.
Fraud risk management
Safeguard Your Organization with Proactive Fraud Prevention
Minimize fraud exposure
Safeguard your financial and operational integrity with a strong understanding of potential fraud risk scenarios.
Build a fraud-aware culture
Position employees as your first line of defence with processes that reinforce the ethical culture of your organization.
Strengthen defences
We help you identify and address fraud incidents while building robust internal controls to prevent future occurrences.
Overview
Fraud can cripple an organization. Our holistic Fraud Risk Management services combine preventive and detective measures to identify vulnerabilities, strengthen internal controls, and detect fraudulent activity before it causes significant harm. We’ll work with you to develop a tailored strategy that addresses your unique risk profile and industry-specific challenges, so you’re is well-equipped to combat fraud.
Capabilities
Fraud Risk Assessment
We examine your key business processes to identify areas vulnerable to fraud. By evaluating your current internal controls, we pinpoint the highest-risk areas and recommend targeted improvements to protect your organization.
Anti-Fraud Program Design
We assess your organization’s ability to prevent fraud by evaluating its processes, internal controls, and fraud risk management practices. We pay special attention to the “soft controls” – the ethical culture and values of your organization – as these play a crucial role in deterring fraudulent behaviour.
Fraud Awareness Training
Empower employees to become your first line of defence against fraud. Our comprehensive training equips them with the knowledge and skills to recognize red flags, understand reporting procedures, and create a proactive anti-fraud culture.
Internal Control Remediation
We help you address and correct any control weaknesses that might have allowed fraud or wrongdoings to occur. We work closely with your team to implement solutions that strengthen your internal controls and prevent future issues.
What Sets Citadel Point Apart?
Discover why Citadel Point is well positioned to provide clarity and peace of mind in times of uncertainty.
Certified excellence
Your forensics challenges require a seasoned professional. With CIA, CISSP, CFE, and CPA certifications, Shane Troyer is uniquely qualified to be in your corner.
Expert-led
Your project is never fully delegated to junior staff. You'll work directly with Shane Troyer at every stage to receive the attention and expertise you deserve.
Industry-specific solutions
We've been helping law firms, financial institutions, and government organizations to investigate and prevent fraud for 20+ years. Benefit from our proven track record in your industry.
Maximum value
Get the support you need without the costs of large firms or overhead of in-house hires. We provide flexible, scalable solutions that deliver results while fitting your budget.
FAQs
Do you have a question that we haven’t answered? Please get in touch and we’ll happily provide the information you’re looking for.
How much does a forensic investigation cost?
The cost of a forensic investigation can vary depending on several factors, including:
- The complexity of the case
- The scope of the investigation
- The number of hours required
- Location and associated professional fees
What we can offer:
- A free consultation to discuss your specific situation and provide a personalized cost estimate.
- Flexible engagement options to meet your budgetary needs.
- Transparent communication about fees throughout the investigation process.
What's the difference between a forensic accountant and a regular accountant?
Both forensic accountants and regular accountants possess strong accounting knowledge. However, forensic accountants have specialized training and experience in investigating financial crimes and misconduct.
Key Differences:
- Focus: Forensic accountants focus on uncovering evidence of wrongdoing, while regular accountants focus on tax compliance, bookkeeping, and financial reporting.
- Skills: Forensic accountants have expertise in data analysis, interviewing techniques, and legal procedures relevant to financial investigations.
- Reporting: Forensic accountants prepare reports specifically designed for legal proceedings, adhering to court admissibility standards.
How long does a forensic investigation take?
Similar to cost, the timeframe for a forensic investigation varies based on the case specifics. However, we understand the importance of timeliness. Our team is committed to working efficiently while maintaining thoroughness. Here’s what you can expect:
- A clear timeline estimate after our initial assessment.
- Regular updates on the progress of the investigation.
- Open communication throughout the process.
What experience do you have providing expert reporting?
Our team is led by Shane Troyer, a Chartered Professional Accountant and Certified Fraud Examiner (CFE) with over 20 years of experience delivering forensic services. He has testified before the Supreme Court of British Columbia and has led high-profile cases investigating a wide range of fraud and financial wrongdoings.
What types of fraud do forensic accountants investigate?
Our forensic investigations cover a wide range scenarios where fraud or wrongdoing may have occurred, including:
- Asset misappropriation (theft or embezzlement)
- Financial statement fraud
- Bribery and corruption
- Conflict of interest
- Vendor/contract fraud
- Money laundering
How do I know if I need a forensic accountant?
Consider contacting us if you suspect fraud, financial irregularities, or if you’re involved in a complex dispute. Here are some red flags to watch out for:
- Unexplained losses or discrepancies
- Missing documents or records
- Unusual transactions or accounting entries
- Suspicious vendor payments
