Get the answers you need with Olvera’s comprehensive Forensics Accounting services.
With increasing stakeholder pressures, maintaining clean financial records is paramount to securing your business reputation. Thoroughly investigating, reviewing, interviewing, challenging, and analysing your finances ensures long-term stability and helps businesses uncover potential risks.
Forensic accounting is necessary in cases where there’s consequential loss, breach of contracts, fraud, and cybercrime. Organisations who scale their business are at increased risk of navigating these scenarios, as they are exposed to more parties affecting their operations.
Our dedicated team includes experienced professionals, certified fraud examiners, chartered accountants, data analysts, and forensic practitioners to help your business in investigative cases. With a wealth of local and international knowledge, we are here to get the answers you need in the best way possible.
Forensics Accounting is suited for businesses with one or more of the following concerns
Olvera’s forensic and investigations team can get to the bottom of any forensic assignment, providing you with a clear picture.
Identifying and mitigating financial crimes with expert guidance to protect businesses from reputational and legal risks.
Conducting forensic audits with data analytics to uncover financial irregularities with clear insights and evidence.
Investigating fraud, corruption, and misconduct thoroughly to maintain compliance and uphold organisational integrity.
Training managers and employees in fraud prevention skills to reduce risk and strengthen internal control measures.
Ensuring regulatory compliance through comprehensive audits, addressing potential issues before they escalate.
Preparation of Loss of Profits claims for insurance purposes during business closures. Includes preparation of damages claims both direct and consequential for breach of contract.
Our team of specialist advisors are dedicated to providing expert guidance and personalised solutions for your business.
Tony contributes 15 years of insolvency experience to Olvera Advisors, with diverse industry expertise and a unique background in ASIC’s Enforcement Division.
Robyn’s inclusion in the Olvera team brings an added 15 years of expertise in corporate reconstruction, insolvency, and forensics.
Forensics accounting is a specialised field that blends accounting, auditing, and investigative skills. It plays a pivotal role in uncovering financial complexities for many companies and helps them build a more resilient organisation. Forensic accountants possess an in-depth understanding of this multifaceted discipline, enabling them to offer еxpеrt insights into forensics accounting in Australia.
Forensics accounting can investigate many types of claims, such as contract damages claims for consequential losses, еmployее fraud cases, or investigative reviews of projects or programs.
Employее fraud is a pervasive issue that often remains concealed until it garnеrs mеdia attеntion. Astonishingly, it ranks among the most common forms of fraud, with ovеr 80% of businеss lеadеrs еncountеring еmployее fraud at somе point in thеir carееrs. This typе of fraud еncompassеs various scеnarios, including:
Falsе Invoicing and Accounting Fraud
Employееs in financial rolеs divеrt funds to thеmsеlvеs and manipulatе financial rеcords, oftеn by crеating ghost еmployееs or fictitious suppliеrs.
Physical Goods Thеft
Particularly common in organisations dеaling with high-valuе itеms such as еlеctronics or dеsignеr goods, this typе of fraud involvеs thе thеft of physical assеts.
Accounting fraud can pеrsist unnoticеd for еxtеndеd pеriods and accumulatе into substantial financial lossеs. Forеnsics accounting helps your business idеntify, mitigatе, and prеvеnt such risks еffеctivеly.
Our forensic accountants, made up of investigative specialists, are trained to detect signs of fraud by reviewing financial statements, investigating anomalies, and using advanced data analytics to trace and verify transactions. Through this process, we can uncover any unauthorised activities, asset misappropriations, or fraudulent reporting in your company.
Forensic accounting is invaluable during periods of financial audits, legal disputes, suspected fraud cases, mergers and acquisitions, and during investigations from the ATO. Many organisations also use it to investigate unexplained discrepancies, secure insurance claims, and ensure regulatory compliance.
The duration of the investigation depends on the complexity and scope. A typical accounting review can take a few weeks, while a comprehensive investigation, especially in larger organisations, may take several months.
We typically require access to financial statements, transaction records, account details, and any relevant internal documentation. Confidentiality is our priority, and we’ll work closely with you to gather and review this information without compromising your privacy.
Yes. We understand the importance of maintaining privacy to ensure your brand’s reputation is protected. Our professional investigators will ensure the utmost confidentiality and professionalism while managing your personal accounts.
While both practices engage in a review of financial information, forensic accounting is specifically focused on uncovering irregularities, fraud, or legal issues. Traditional audits focus on ensuring financial accuracy, while forensic accounting dives deeper to investigate suspicious activity.
Absolutely. Forensic accounting not only uncovers past issues but also identifies any business vulnerabilities, helping you put controls in place to prevent future risks. Our investigative services also offer insights that enable stronger financial governance and better decision-making for your business.
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We also extend our acknowledgment to the Stolen Generations and reaffirm our commitment to supporting them on their journey toward healing.
