INVESTIGATION

 

Helping guard entity interests and values

 

As the Chief Executive, Director or the major shareholder of the entity, you are constantly concerned about the reputation risks, frauds, regulatory compliance and the financial and operational health of your organization. Many a times, the organization may not have the capacity to investigate serious concerns or may not want the unwarranted rumours within the organization. Both situations may result in serious compromise in poorly conducted investigation or unnecessary publicity.

 

The solution lies in contracting 'Red Flag' whose investigators enter your premises, if they must, for collecting evidence confidentially. You get your confidential and highly professional report, after due diligence and in time, for your next steps.

 

Some of the following services involve forensic expertise and some strategic understanding of business processes.

Financial Fraud investigation

Many a times, the organization may not have the capacity to investigate serious concerns or may not want the unwarranted rumours within the organization. Both situations may result in serious compromise in poorly conducted investigation or unnecessary publicity that may affect the stock exchange performance.

 

Many infractions are allowed to lie buried or are compromised since their investigation (and possibility of expose) may hurt the entity more than what is expected under 'doing the right thing'.

 

Confidentiality, professionalism, privacy, independence, maturity, and objectivity are some of the basic qualities that we nurture among our investigators at the Red Flag.

 

Procurement specific investigation
  • Investigating schemes of kickbacks, bribery, commissions, facilitations

  • Sanitizing procurement systems: managing over-rides and discretionary powers, etc

  • Maintaining integrity of E-procure systems

  • Issues connected with Public Private Partnership

  • Due diligence: compliance with laws on money laundering and financing of terrorism through procurement routes

  • Impact of international laws: UN Convention against Corruption, UK Bribery Act, FCPA, PCA

  • Investigating transactions under the Framework agreements

  • High level investigation of needs assessment, variations, high volume-small margins, flagship schemes,

  • Designing e-procurement system to prevent frauds

 

Investigating employee misconduct

Being alert to potential attacks on your organization's reputation through employee misconduct is half the battle won. Thwarting the attacks and re-directing them to where they belong are the strategic choices that could be made only if one is fully alerted about them in time.

 

Investigation of employee misconduct is both preventive and deterrent measure. When the organization has invested a sizable amont of resources on building up the capabilities of its employees, the decision about disciplinary sanctions must be based on fair play and encouraging the culture of ethics within the workforce. 

Data analytics and forensic accounting

Business intelligence is a strategic requirement in a dynamic market environment to survive and progress. Yet, many corporates are not aware of the data base available with them and its proper use by datamining, analysis and report generation.

 

  • Purchase to pay process investigation

  • Recruitment process investigation

  • Pay roll frauds and ghost employees

  • forensic trace of evidence in data

 

 

Operational Investigation

 

  • Operational investigation refers to business process related field work and determining the actual frauds, loss, theft or misappropriation of assets, resources or opportunities that legally belong to the organization.

  • Systems based investigation are designed to correct systemic failures and thereby avoid costly repetitive actions for the organization.

Identification of red flags

 

  • Identification of red flags prepare the management to take proactive actions to deal with the likely incidents that may prove costly for the organization. Mitigating risks, avoidance of risks, transfer of risks and acceptance of risks are the executive decisions that may be taken on informed basis.

  • Red Flag would take up assignments in the corporate selected areas for holding out red flags for the management.