Conducting an internal investigation can be a difficult task in Kenya. An investigation into employee wrongdoing can be costly, disruptive and time-consuming, and can also lead to a variety of legal problems and other unexpected complications if it is not conducted with the utmost care and confidentiality.
However, a well-run internal investigation can enhance a company’s overall well-being and can help detect the source of lost funds, identify responsible parties and recover losses. It can also provide a defense to legal charges by terminated or disgruntled employees. But perhaps most important, an internal investigation will signal to other employees that the company will not tolerate fraud in any form.
The appearance of corporate fraud, fraudulent activity, or allegations of fraud warrant immediate attention and the preservation of potential evidence for use in any future inquiry. General counsels and their law firm advisers know that these situations can worsen if not addressed immediately. Whether the allegations resulted from direct observation, an anonymous employee tip or information provided by a client, contractor or third party, company policy will often necessitate undertaking an internal fraud investigation to discover facts.
Wherever corporate or financial fraud is suspected, regardless of jurisdiction, companies hire LY Detectives Agency to investigate the circumstances surrounding questionable activity. Using effective fact-finding strategies in our fraud investigations, we investigate representative fraudulent activity such as:
Many of these frauds are not constrained by geographic boundaries and involve increasingly crafty cyber subterfuge, often requiring the global resources of an established firm. We have the bandwidth and the expertise to undertake these fraud investigations whether at a headquarters office or across the globe in a distant distribution facility.
Financial, accounting and general business records form the factual background of all commercial litigation. But the amount of information available in even small-scale cases is extensive, often confusing, and generally irrelevant. We sift through the mounds of technical information and extract the key facts. We isolate the significant pieces and examine the ways in which they fit together – to reveal the meaning within the information.
Most fraud occurs within private companies and nonprofit organizations:
Two thirds of all frauds take place at companies with fewer than 1,000 employees. Small businesses, those with less than 100 employees, account for almost 36 percent of fraud cases. The median loss for these organizations is approximately 11 percent of gross revenues; for small companies this is approximately $198,000 per incident.
Our professionals can assist you in detecting and detering various types of fraud, including:
Skimming or Cash Larceny
Billing Schemes
Payroll and Expense Schemes
Check Tampering
Inventory and Other Assets
Fictitious Revenues
Concealed Liabilities
Timing Differences
Improper Asset Valuation
Tax Issues
Don’t be another statistic! Traditional audits are not designed to detect all instances of fraud. This can allow fraud to go undetected, perhaps for years.
LY Detectives Agency Kenya has the ability to assist you with fraud matters related to asset misappropriation or fraudulent reporting. We have professionals on staff who are both Certified Public Accountants and Certified Fraud Examiners. These professionals are specially trained to resolve allegations of fraud and to help your organization deter fraud.
Our services include:
Whether you are a private company, a nonprofit organization, an attorney, bank or insurance company, we can provide you with the professional services you need when confronted with the issue of fraud.
