Business case

Fraud detection and forensic analysis for a Canadian public institution

Situation: Crises
Investigation & forensic services

Context

Our client, a Canadian public oversight institution, needed to analyse the accounting records and practices of a company under investigation in order to identify and track fraudulent transactions.

Key Takeaway

Our engagement involved the extraction of transaction data spanning several years (amounting to several million records), giving us an in-depth understanding of the company’s accounting practices and records. We also identified and automated the categorisation of various types of transactions, as well as the isolation of all disbursement operations. We developed an anomaly detection algorithm, such as Benford’s Law, and used powerful specialised software for computer and email analysis to identify the most relevant information.

Accuracy Role

We were engaged to provide support in several critical areas, including tracing the international movement of funds, establishing lines of questioning and developing a comprehensive understanding of the company’s activities.

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