![]() ![]() ![]() Often times this work uncovers more leads, questions and information to follow up on.Īn accurate transaction database is a must have first step, but because of the possibility of litigation and the standards of evidence for US DoJ, below are five best practice capabilities that any transaction database should have. – Fraud and Forensics, Piercing Through The Deception of a Commercial Fraud Case, American Institute of Bankruptcy, 2015, Gregory Hays, CTP, CIRA, Past President NAFER, Chapter 5, pg 59īeyond just getting the data, it has to be 100% accurate, so Greg goes on to describe the criticality of reconciling every transaction for every statement for every account. After the identification of relevant accounts, data from available bank, credit, and investment statements and other pertinent sources is verified and used to develop a database of all transactions uncovered by the forensic accountant.” …The process of building a comprehensive database of all known transactions begins with collecting pertinent financial and non-financial documents. “Building an accurate and complete database of all relevant transactions is critical in complex fraudulent transfer litigation… This blog contains a few excerpts from the book along with VALID8 recommended best practices. Gregory Hays, CTP, CIRA, Past President NAFER, published some guidance as a chapter of a publication called Fraud and Forensics, Piercing Through The Deception of a Commercial Fraud Case. ![]() Assembling a database of independently sourced transaction evidence is critical for any Fraudulent Transfer or Financial Litigation. ![]()
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