Background

Following a report by a whistle blower, FRP was engaged to undertake a financial investigation into the financial reporting, corporate governance and internal controls of a fast-growing entrepreneurial business in the technology sector. The engagement required a rapid deployment of our Forensic Services team to complete the investigation, as the matter had a potentially significant impact on business operations.

Action

FRP was appointed as forensic accountants to undertake the in-depth investigation, including a review of financial records, interviews of company staff, and the investigation of electronic records. Our Forensic Services staff were deployed from our Cambridge, Norwich and Birmingham offices alongside our forensic technology team, and worked on the investigation with the instructed lawyers. Our review initially identified over 240,000 documents; the team was able to refine these to a subset of 15,000 potentially relevant items that were included in our investigation.

Outcome

FRP’s engagement was concluded – and a full report including recommendations issued – within 10 weeks. The client and instructing lawyers were pleased with the efficiency and thoroughness of our team’s investigation. Following the issue of our report the investigation was concluded, and the company was able to share the executive summary with relevant parties.