Steered by experienced hands in the arena of Forensic & Litigation Support Services, Nexia TS and our partner, Smith & Williamson, is well-positioned to provide the most cost-effective services, including the preservation and collection of information from multi-dimensional sources and related investigation and dispute resolution services to serve your investigation, arbitration and litigation needs.
The intense competition in the business world, relentless pressure to deliver better financial results, individual greed and the pursuit after exorbitant lifestyles, have all contributed to increased fraud, in terms of scale and occurrence, threatening the stability and sustainability of any business.
We have a dedicated team of trained auditors and investigators specialising in fraud investigation. The team has experience in investigating fraud cases across different industries and countries.
Our investigative approach is dynamic and thorough. We always approach a case in phases.
Accounting fraud is a deliberate manipulation of accounting records to create a false impression of financial performance or position.
Examples of accounting frauds are:
• Omission of liabilities
• Non-disclosure of risky investments (off balance sheet items)
• Forensic data analytics
• Systematic overstatement of revenue or understatement of losses
• Understatement of expenses (capitalising expense)
We have a team of qualified and experienced Chartered Accountants (CA) who can be mobilised and deployed locally or regionally within 48 hours.
More frauds are committed through electronic devices/channels such as computer, mobile phone, social media etc. However, most people do not realise that everything they do on computers leave a trace in their internet (for example, history, instant messaging chat logs, deleted emails and documents).
We have a team of Certified EnCase® Examiners (EnCE®), security analysts and experienced forensic investigators that provides technically-focused and cost-effective solutions to identify and preserve data for forensic investigation and litigation via the following services:
• Computer forensic services
• Cyber fraud and hacking investigations
• e-Discovery and e-Disclosures
• Forensic data analytics
• Forensic technology products sales and support
Knowing who we deal with is essential in any business dealings. The person you plan to engage may be a fraudster, criminal or sanction person/company in a country or globally.
Our due diligence service is based on trusted sources. We provide the following forms of screening:
• Pre-acquisition screening
• Pre-employment screening
• Company profile screening
• Individual profile screening
The scope of screening, customised to clients’ needs and subjected to local privacy laws that extend to areas such as embargo, sanction, financial, reference check, past history, criminal records etc.
Knowing how your business partners are performing is essential. It is imperative that key areas of concern, such as whether they are compliant with your contracted terms or if they are breaking the law, amongst other possible unethical conduct are raised during the partnership.
We have a team of Certified Internal Auditors (CIA) to provide vendor management audit at your partner’s site to investigate if they are pricing you unreasonably and compliant with the contract terms agreed by both parties. Such arrangements can be ad-hoc or recurring, depending on the Scope of Work (SOW) our clients would like us to embark on.
Nexia TS and Smith & Williamson’s specialist Monitoring Trustee services team act as Independent Auditor
(Monitoring Trustee) on remedies arising out of mergers and antitrust investigations. Our teams from Singapore and the UK have acted on behalf of the Competition Commission of Singapore (CCS), European Commission (EC) and the Competition and Markets Authority (CMA), and have worked with corporates across a broad range of industry sectors.
In 2014, Nexia TS and Smith & Williamson were appointed as the Independent Auditor to monitor Divestiture and Behavioural Commitments given to CCS in Singapore in relation to a merger of two major players in the online recruitment industry. We have also met with China’s Anti-Monopoly Bureau (MOFCOM) and are familiar with MOFCOM’s merger clearance procedures.
With the constant changes in the legal and technological landscape, it can be a matter of time before a company is deemed non-compliant with the law. Most non-compliance cases happen internally, which are resulted from the lack of internal controls and management review within the company.
Through our numerous engagements across industries and countries, we are experienced in identifying controls deficiency and preventing fraud. Our team is well-versed in assessing compliance with key legislations affecting businesses, particularly in areas such as:
• Anti-Bribery and Corruption with reference to the UK Bribery Act and US Foreign Corrupt Practices Act (FCPA)
• Anti-Money Laundering with reference to the Financial Action Task Force (FATF) recommendations
• Export laws with reference to the US Export Administration Regulation (EAR) and Singapore Strategic Goods Control Act (SGCA)
• Individual or company sanction and embargo screening
We help clients, through processes review, to identify key risks and integrate the necessary controls into easy to understand/manage workflows for their businesses.
We act as quantum experts on claims requiring financial analysis, assessment of damages, valuation or quantification of loss. Our experts have acted on disputes involving many sectors across multiple jurisdictions and have access to major international resources through the Nexia International network.