A fraud accountant provides specialist forensic accountancy support to individuals and legal teams involved in crime and fraud cases. They enable the parties and the Judge to understand the extent of the Defendant’s fraud and consider the appropriate sentence.
At Frenkels Forensics, our crime and fraud work is at the heart of our forensic accountancy practice. Our vast experience in the field, coupled with our creative and innovative approach, makes us the ideal choice for anyone in need of a specialist fraud accountant.
For assistance call us on 0330 118 8200 or Make An Online Enquir
How Can A Fraud Accountant Help?
A fraud accountant helps individuals and their legal teams identify the true extent of the criminality in any given case. Our crime and fraud team has extensive experience working with solicitors and barristers nationwide in connection with a wide variety of crime and fraud matters, including those involving the Proceeds of Crime Act, also known simply as ‘POCA’.
In several POCA offences, the Defendant must account for sums equivalent to the money they earned through criminal activity. The Crown Prosecution Service, more commonly known as the ‘CPS’, will review the relevant documentation, such as the Defendant’s bank statements, and put forward a figure they say constitutes the Defendant’s proceeds of crime.
In our experience, the CPS’s work can contain a number of anomalies or inaccuracies. Therefore, the Defendant’s legal team sometimes instructs a fraud accountant to review the matter and carry out their own analysis of the Defendant’s criminality.
Sometimes, the fraud accountant’s findings indicate that the Defendant’s criminal conduct was more extensive than their legal advisors had anticipated. In these cases, our involvement enables the Defendant’s legal team to prepare an appropriate litigation strategy. Usually, though, our findings indicate that the CPS has misinterpreted the information, and the Defendant’s proceeds of crime are actually significantly lower.
What Makes A Good Fraud Accountant?
A good fraud accountant can be invaluable in crime and fraud matters. Your fraud accountant needs not only sound accountancy knowledge, but should also possess:
• A Unique Skill Set.
A good fraud accountant combines their accountancy knowledge with an inquisitive mind, superb analytical skills, and meticulous attention to detail. They should also be expert problem solvers and able to spot issues others have missed.
• Strong Communication Skills.
It is not enough for a fraud accountant to be adept at getting to the heart of the figures involved in a crime or fraud case. They must also be able to effectively communicate their findings in such a way that others can understand them.
• An Understanding Of The Law And Legal Procedures.
A fraud accountant must have a detailed understanding of the law applicable to the matters on which they work as well as experience of Court procedures. That way, they can ensure their work is beyond reproach from either the other side or the judge.
• Excellent Client Care.
A good fraud accountant goes above and beyond to provide a level of service that is second to none. They should be approachable, empathetic, and responsive, and do all they can to add real value to their clients’ cases.
• Relevant Experience.
Your fraud accountant must have the experience necessary to fulfil their role effectively. This involves ensuring their skills remain at the forefront of forensic accountancy practice, so they are equipped to work with new and emerging technology and efficiently analyse data of all types.
At Frenkels Forensics, our fraud accountants are all recognised leaders in their fields. Their professionalism and exceptional service levels have made us the go-to firm for many crime and fraud solicitors and barristers throughout the UK.
Where Are Our Fraud Accountants Located?
Our Head Office is based in London, and we have several regional offices around the country, including in the Midlands, Brighton, Bristol, and Manchester.
Our fraud accountants can meet with you and your legal team in person or virtually, at your convenience. We are always available by phone or email to answer any questions about your case.
How Much Does A Fraud Accountant Cost?
Our fees depend on the nature of your matter and how long it takes us to complete it. We offer a free, no-obligation quote at the start of each case so that you can get a feel for the likely level of costs involved.
Our fraud accountants are committed to providing exceptional forensic accountant support at highly competitive rates. Our crime and fraud team is led by our IT expert, Marc Clifton, whose outstanding technical proficiency enables his team to consistently develop new software to bring value to our clients’ cases. Often, the new software reduces the amount of time a fraud accountant needs to spend on a case, thereby reducing our client’s overall costs.
To discover more, please call us on 0330 118 8200 or Make An Online Enquiry.
“Thank you ever so much for the work and advice you have provided . The report was clear and accessible and will not hesitate to recommend you all.”
“I am indebted to you for your contribution, and for explaining things in plain English such that even lawyers can understand the issues”
“May I take this opportunity to thank you for your assistance in this matter. Counsel and the judge said that your report was one of the best they had seen in that it was concise and technically easy to understand.”