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Investigating Financial Crimes in Ireland: KPMG’s Expertise

As one of Ireland’s leading forensic accounting firms, KPMG provides expert assistance to organisations facing allegations or suspicions of financial crime, misconduct, and corruption. In today’s fast-paced business environment, it is crucial for companies to respond promptly and credibly to such issues to mitigate subsequent financial loss and reputational damage.

How KPMG Can Help

Our forensic accounting services include:

Conducting detailed analysis of complex financial information using advanced technology: Our team utilises state-of-the-art tools to identify, secure, handle, and analyse company data.
Technology-led investigations capability: We have the expertise to identify, secure, handle, and analyse company data using our technology-led investigations capability.
Conducting interviews with individuals: Our experts conduct interviews with relevant parties to interpret data sources, add context, and establish the facts.
Tracing funds or assets: We have a global network of contacts that enables us to trace funds or assets across the globe.
Assessing and quantifying financial loss: Our team can help assess and quantify financial loss, enabling our clients to make informed decisions.
Building the case for legal proceedings: We build robust cases for legal, regulatory, disciplinary, civil, or criminal proceedings.
Considering systems and controls: Our experts consider the adequacy and effectiveness of systems and controls to prevent similar incidents in the future.
Supporting remedial action: We support clients in taking remedial action to reduce the chance of an incident recurring.

Case Study: Investigation into Procurement Processes

KPMG was engaged by a client to investigate possible false invoicing schemes involving suppliers. Our team:

Analyzed invoices and purchase orders
Identified invoicing anomalies
Conducted on-site interviews across Ireland, the UK, and Europe
Traced a large number of invoices received from suppliers back to non-work related goods and services
Established a timeline of events and a detailed understanding of how the invoicing was coordinated
Identified employees involved in the scheme

Outcomes

Through our investigation, we worked closely with the client’s legal counsel to help them understand their legal obligations and reporting requirements as a result of the investigation findings. Our expert forensic accounting services helped the client achieve robust outcomes and mitigate potential financial loss and reputational damage.

Get in Touch

If you have any queries or concerns about responding to alleged or suspected fraud, corruption, and misconduct, our Forensic team is here to support you. Contact us today to learn more about our expert forensic accounting services.