Basics Of Fraud Investigation

There are many methods to begin a fraud investigation. However, most professionals will start with the basics. To determine if fraud has occurred, a competent fraud investigation is necessary. If there is a case, these are the steps to take

Most fraud cases in the past could have been discovered by reviewing paperwork such as contracts and insurance forms. However, digital files are a major concern in today’s electronic age. To detect unusual activity in a computer network, special software programs are available. A trained investigator will be able to analyze the software data and identify problems. Investigators will also look for physical evidence. These include fingerprints, stolen items, cash, and credit cards. Investigators will interview every person involved in fraud, including financial managers, executives, and administrative staff. Interviewees can be used to compare testimony and check for inconsistencies. Background checks are a great way to get a complete record on employees.

Investigators will also review past records, in addition to current information. An investigator may also look at records from the past, such as audits or investigations and records of employees who were terminated for questionable behavior. Digital transactions can leave behind digital footprints. Many criminals don’t realize that digital footprints are easily traceable. Software programs can be used to track every keyboard stroke on computers of employees by companies.