Whatever the nature of your problem, from complex commercial or contractual dispute, breach of warranty claim or competition and regulatory enquiry, our forensic accounting experts can be of vital importance in achieving a successful and cost efficient solution.
Our forensic accountants have wide sector knowledge and extensive forensic experience and training, and draw on sector expertise of other PKF personnel. Our team has considerable experience of giving evidence in court, at arbitration hearings, acting as expert witnesses in expert determination and advising at mediation. Through our extensive national presence and our international network, we are able to undertake assignments wherever you are located. The services we offer in this field are;
a) Fraud and financial investigations
What to do quickly
A rapid and informed response is required in any fraud and financial investigation to limit the impact, safeguard assets and improve your chances of recovering losses.
Finding fraud or other financial irregularity can be a shock and leave management unsure of the appropriate action to take. The first few hours can be crucial.
PKF in Eastern Africa provides fraud and financial investigations, dispute resolution support and expert witness services on a national and international basis. Our specialist team has substantial experience of investigating fraud, misconduct and money laundering, and asset tracing as part of regulatory or disciplinary proceedings, and in civil and criminal actions. We act for both the prosecuting authorities/claimants or the defence.
We provide an independent investigation, uninhibited by previous or existing relationships. Identifying the cause of a problem, ring-fencing it and addressing its resolution means you can re-establish control, while maintaining confidentiality. Our team has considerable experience of working with Government bodies, public companies, listed companies, partnerships and Non-Governmental organizations’.
Whether the fraud is a simple procurement fraud in a private company or requires a complex multi-jurisdictional asset tracing exercise, our specialist team can assist. We advise on your options at the outset based on your specific objectives: 'stop the bleeding' and review the systems to reduce the risk of fraud recurring; maximise recoveries with minimum of publicity; meet your duties to regulatory bodies; or identify and prosecute the perpetrator in the civil or criminal arenas. Our experience of investigating fraud for a diverse range of clients, acting for the prosecution/applicant or the defence, means we provide a rapid and detailed response, identify and secure evidence and maximise your chances of recovering assets.
Our fraud and financial investigations experience includes considering:
- Investigations of suspected fraud, misconduct and other irregularities.
- Money laundering and asset tracing.
- Investigations by regulatory authorities.
b) Commercial litigation
If you are involved in a claim for: loss of profits; breach of warranty; product liability; or any other commercial claim, you will need a transparent and concise analysis either to facilitate settlement or to pursue your case at a hearing. Our brief is to investigate and analyze the situation and report on the outcome of that work in a concise way, which is clear and readily understood.
Our commercial litigation experience has been in the following areas:
- Loss of profits
- Breach of contract
- Business and share valuations
- Intellectual property disputes and valuations
- Shareholder/director disputes
- Partnership dissolution and profit share disputes
- Disputes over investment advice
- Tax disputes and investigations
c) Professional negligence
In determining a case of professional negligence, the court or tribunal may need credible expert evidence on the issues of liability and the quantum of the loss.
In cases of professional negligence, involving for example accountants, an opinion may be required on the standard of care exercised by an individual or firm, as well as advice on causation and quantum. In cases of solicitors' professional negligence and the consequential effects of negligence by other professionals, such as medical practitioners, surveyors, architects or engineers, an opinion may be required on the quantum of loss likely to have flowed from the alleged negligent act.
Where there are complex liability issues, the expert opinion of a specialist experienced in the field is vital. An expert report speaking with authority on the liability issue can be of great value in bringing about an early settlement. At the same time, such specialists need to be able to rely on the knowledge and experience of a skilled forensic team to ensure that the reports meet the needs of the instructing party.
Our professional negligence experience includes claims arising in the following areas:
- Due diligence
- Acquisition, disposal or merger advice
- Corporate finance
- Taxation advice
- Value added tax
- Consultancy, including information technology.