Forensic accounting PREC ISE . PROVEN. PERFORMANCE .

Forensic accounting services

Forensic accounting services

Individual and family disputes

• Personal injury and fatal accident claims

• Medical negligence

• Separation/Divorce proceedings

• Libel claims

Fraud & Investigations

There has been a growing awareness of the

risks and incidence of fraud in private and

public sector organisations throughout

Ireland. Where fraud has been detected and

the organisation are seeking redress in the

courts it is important that they use a firm of

forensic accountants who understand the

principles of evidence gathering and

discovery to ensure that their case is as

robust as possible.

Financial institutions such as banks and

leasing companies engage forensic

accountants to assist with asset recovery

and insolvency cases. In addition there are

a number of government agencies such as

Revenue Commissioners, Financial Regulator,

Competition Authority and the Office of the

Director of Corporate Enforcement (ODCE)

who actively investigate instances where

fraud is suspected.

Our services in this area include

the following;

• Investigation of suspected or

known fraud

Our services

As business becomes ever more complex

and challenging, the size and complexity of

disputes makes it all the more important

that they are resolved as quickly as possible

with the best available outcome.

We can assist by providing robust and

concise independent expert reports which

clearly address the facts of each case.

Expert Witness Assignments

We have undertaken a number of expert

witness assignments in recent years.

We provide the following services although

all our forensic accounting services are

tailored to meet the specific requirements

of the case.

Commercial and contractual disputes

• Business interruption

• Consequential loss of profits

• Breach of warranty claims

• Disputes over royalties and

intellectual property

• Disputes over completion accounts

• Mediations and ADR

Valuations

• Business valuations

• Partnership disputes

• Security for costs

• Share valuation disputes

• Assistance with discovery

• Evidence gathering

• Interviewing suspects and witnesses

• Tax investigations

• Financial Regulator, Competition

Authority and other regulatory

investigations

• Conduct of directors

• Asset tracing

• Money laundering

• Corporate Intelligence

• Digital forensics

Internal Control Reviews

Many organisations have taken steps to

identify the risk areas in their business and

to implement changes to reduce the risk of

fraud. We carry out a number of internal

control and internal audit reviews for a wide

range of private and public sector clients

each year to help them identify key risk

areas and make recommendations to help

them reduce or prevent fraud and increase

their fraud detection rate.

Other advisory services

We draw on our experience to assist clients

with the following;

• Due diligence (Corporate & Personal)

• International company and asset searches

• Financial statements review

Forensic accountants deal with issues where facts, people and organisations do not agree. Our forensic accounting specialists have experience dealing with disputes and investigations in commercial, contractual and insurance disputes and criminal matters such as fraud and money laundering.

2 Forensic accounting

3Forensic accounting

• Business and financial reviews

• Preparation and review of financial

models and forecasts

• Devising money laundering policies and

procedures

Global Reach

International and commercial disputes may

require work to be carried out in different

jurisdictions. Through the Moore Stephens

International network we can provide

information and carry out local

investigations without incurring expensive

travel costs. Where major assignments

require senior members of the team to

travel, we will draw wherever possible, on

the local support of junior staff from a local

Moore Stephens International member firm

to ensure that the assignments are carried

out in the most cost effective way.

In recent years Moore Stephens

International member firms have

collaborated on major forensic accounting

assignments in;

• Ireland

• United Kingdom

• USA

• Australia

• South Africa

• France

• Greece

• Hong Kong

• Singapore

• Norway

• Tanzania

• Tenerife

Our Approach

We work across a broad range of

commercial matters completing expert

opinion reports and investigations across a

variety of industries. We adopt a consistent

and methodical approach to our work

which is as follows;

• Initial assessment - Identification of issues

• Review available financial information

• Assistance with discovery

• Compilation of detailed calculations and

financial models to assist in determination

of the issue

• Preparation of report

• Meet solicitor/barrister

• Meet other expert witnesses

• Presentation of expert evidence

and opinion

All of our forensic assignments are partner

led and there is a high level of partner

visibility and involvement in each case.

Our expert reports are prepared in a

structured manner to ensure that they are;

• Logically presented and indexed

• Easy to read with a minimum of financial

and technical jargon

• Illustrated with graphs and charts

where appropriate

Initial Consultation

In many cases forensic accountants are

sought at a late stage in proceedings. In our

experience the early involvement of forensic

accountant can have an impact on the

direction and outcome of a case, particularly

during discovery. On occasions you may

require clarification regarding the feasibility

of the specific services you require. We are

available to provide a no cost initial

consultation to review the matter with

you and explore the areas we can be

of assistance.

We are well aware of the pressures of

litigation and the essential needs of court

imposed deadlines. Beyond that, we also

appreciate the ultimate client’s expectations.

We are aware of the fluid nature of cases,

and will ensure that the instructing legal

team are kept fully informed, and therefore

in control, of the work we have done and

the costs incurred.

We believe the information contained herein to be correct at going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. This brochure is not a substitute for professional advice. Printed and published by Moore Stephens Patrick McNamara, a member firm of Moore Stephens International Limited, a worldwide network of independent firms. MSIL and its member firms are legally distinct and separate entities. Moore Stephens Patrick McNamara is registered to carry out audit work and authorised to carry on investment business by the Association of Chartered Certified Accountants. June 2010

Moore Stephens Patrick McNamara, Pamdohlen House, Dooradoyle Road, Limerick, Ireland T +353 (0)61 229666 F +353 (0)61 302144www.mspatrickmcnamara.ie

Contact informationIf you would like further information on any item within this

brochure, or information on our services please contact:

Maurice Lenihan – Partner

Maurice is head of our forensic accounting department. Maurice

is a Chartered Accountant and holds a Diploma in Forensic

Accounting from Chartered Accountants Ireland.

He is also an associate member of the Association of Certified

Fraud Examiners.

Maurice trained with BDO, Dublin. He subsequently joined

PricewaterhouseCoopers as assistant manager, Transaction

Services, where he gained experience in due diligence

assignments, financial reviews, business plans, valuations,

financial modeling and initial public offerings.

He joined Moore Stephens Patrick McNamara in 2001 and

became partner in 2003. In recent years he has completed a

number of expert assignments, including loss of profits,

contractual disputes, shareholder disputes, mediation support

and business valuations. He has also carried out a number of

fraud investigations and internal control reviews.

mlenihan@msmcnamara.ie

Moore Stephens Patrick McNamara

Moore Stephens Patrick McNamara are a leading firm of accountants and business advisors, based in Limerick.

Our firm is long established and highly respected and we service a diverse portfolio of private and public sector clients located throughout Ireland.

Our objective is simple: to be viewed by clients as the first point of contact for all their financial, advisory and compliance needs. We achieve this by providing sensible advice and tailored solutions to help clients achieve their commercial and personal goals.

Clients have access to a range of core and specialist services including audit and tax compliance, corporate and personal tax, trust and estate planning, wealth management, IT consultancy, governance and risk, business support and outsourcing, corporate finance, corporate recovery and forensic accounting.

Our success stems from our industry focus which enables us to provide an innovative and personal service to our clients. Specialist sectors include, construction, retail, pharmacy, credit unions, financial services, technology, engineering, professional practices, not for profit, pension funds and public sector.

Moore Stephens globally

Moore Stephens International Limited is a

global accountancy and consulting network,

headquartered in London.

With fees of US$2.3 billion and offices in 100

countries, you can be confident that we have

access to the resources and capabilities to meet

your needs. Moore Stephens International

independent member firms share common

values: integrity, personal service, quality,

knowledge and a global view.

By combining local expertise and experience

with the breadth of our UK and worldwide

networks, clients can be confident that,

whatever their requirement, Moore Stephens

will provide the right solution to their local,

national and international needs.