Fraud & Forensics
After years of intense economic downturn, we still find ourselves in a world of relative uncertainty, where most corporate leaders are still focused on measures to alleviate the effects of the downturn and to ensure the survival of companies.
What is certain, however, is the fact that the downturn has challenged even our most robust institutions, driving up fraud and economic crime, and the propensity of businesses to engage in disputes of all kinds. As our economy reels itself out of its current state, we believe the following will happen:
- The long-term effects of the downturn will undoubtedly be felt more intensely than ever;
- Many long-term fraud schemes, which have started as we entered the economic downturn, or even before, will be uncovered; and
- The economic crimes that many managers have been involved in, as a direct result of the downturn, will be discovered.
These will all lead to more investigations and business disputes aimed at settling past scores. PwC can help clients identify and manage risks related to safeguarding their assets and fulfilling commitments:
- Assessment of fraud and economic crime risks of an organisation as part of risk management, in teaming with internal audit, and on behalf of shareholders and/or management (governance);
- Review of fraud risk management processes and whether the internal controls effectively cover fraud risks;
- Implementation support/fraud deterrence (i.e. data analytics, fraud awareness training, etc.).
Successes
We conducted independent E-Discovery and Computer Forensics for a Fortune 500 company facing an employment litigation. By analysing collected data and performing forensic data recovery procedures and keyword filtering, our team was able to identify and retrieve data of evidentiary value to the case. The investigation report was submitted in the form of an Affidavit to the Greek Courts.
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