We know from our clients the extent to which developers and construction firms experience over billing, whether it’s a result of fraud, mismanagement, or other causes.
Two critical elements of our work to resolve these challenges are our forensic accountants and forensic engineers. Like our other professionals, these individuals have extensive industry experience and work on multidisciplinary teams to make our work more effective and efficient.
Our Forensic Auditors Know the Schemes
Certified forensic accountants form the core of our forensic auditing teams, which might also include certified public accountants and certified fraud examiners, along with other financial experts.
The forensic auditing teams are routinely called upon by government agencies and private companies to help ensure regulatory compliance, assist in investigations, and support litigation. They have developed proven methodologies for assessing financial controls and procedures. They can also enhance them to minimize future opportunities for fraud, waste, or abuse.
The professionals on these teams typically have specialized in construction and real estate for more than 20 years. They know the schemes that tend to result in inflated costs and other problems. As a result, they know what to look for and who to look at going in to an assignment, preventing the effort from becoming a fishing expedition.
Our Forensic Engineers Can Root Out Fraud
Our forensic engineers similarly leverage vast experience and expertise to help focus our work. These individuals possess extraordinary knowledge. They understand today’s complex construction methods, including mechanical systems and evolving areas such as LEED standards and hardening against terrorist attacks. They know how these methods vary by locale.
That’s just the beginning. Their expertise extends to evaluation of cost estimates, scheduling, billing, and payment. And they can conduct investigations. We frequently call on them to assess compliance with contractual obligations through field inspections and other techniques. They can conduct interviews to uncover problems and gather evidence, which is particularly useful in helping clients pursue or respond to litigation. They develop construction management policies and procedures to limit risks going forward.