5 trends in financial investigations in 2024

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Checking the company after the start of a full-scale war with the Russian Federation, because for many companies this period is considered a "Pandora's box".

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Recently, one of the entrepreneurs from the Forbes list contacted me complaining that the special database company's cash reserves had partially disappeared, allegedly because they had been sent to support the Armed Forces of Ukraine, but as it turned out, he did not know about this.

Or in another appeal, it turned out that management reporting was practically not conducted for the first six months after the start of the war, and accordingly, it now turned out to be quite difficult to calculate the financial result for 2022-2023.

Or in the third appeal, it turned out that the inventory in the accounting program is negative, that is, it has a negative value, although this is impossible, because the company ships goods every day.

Conclusion: the period - "Pandora's box" must first be restored using the procedure - English "forensic recovery" - after restoration, a financial audit must be conducted.

Trend #2:

Request for a financial investigation by business owners and business partners for the purpose of: selling a business, exiting one of the shareholders, distributing dividends, resolving disputes related to the company's non-transparent activities.

In one case, one of the business owners decided to exit the business as a result of a conflict between partners. During the exit process, it became clear that the partners could not agree on the value of the business because some of the activities, and therefore the accounting, were conducted in a gray area.