Forensics, risk and compliance
Numerous corporate crises and corporate collapses have in the recent past highlighted the crucial importance of independent and critical enterprise monitoring.
Following KonTraG, TransPuG and the Sarbanes-Oxley Act of 2002 (SOA), the requirements for functioning enterprise monitoring have been raised nationally and internationally and the duties of the board, management and shareholders have been extended. The internal audit serves as a process-independent asset protection instrument, making it a central element of corporate monitoring. In addition, the internal audit makes an important contribution towards increasing the value of the company by optimising business processes.
If so desired, BDO can partially or fully handle the auditing activities for businesses, provide help in setting up and realigning internal audits, and evaluate the effectiveness and adequacy of the internal controlling system and the internal audit.
The threat of misappropriation, supply and price fixing, theft, balance sheet manipulation, embezzlement, corruption and fraud has now also become a serious threat to businesses of all sizes and in all industries. Thanks to appropriate preventive measures, companies can significantly reduce the risk of this kind of damage. However, where already there are specific grounds for suspicion of a criminal act, the immediate initiation of appropriate measures and the professional execution of a special audit is crucial to identify those responsible and to minimise harm to the company.
The spectrum of our forensic services addresses companies who have fallen victim to illegal business dealings or are looking to take preventive action.