Vincents’ Director of Forensic Technology, Daniel Hains has developed a proprietary technology tool, “FraudCheck”, to help improve the rate of detection and assist investigations for clients.

 

 

“FraudCheck”, in the right hands, uses data-mining, targeted querying and data matching to assist investigations while leaving the original evidence data untainted, for example, your MYOB datafile.

Do you need FraudCheck ?

The cost of corporate fraud is enormous and there are plenty of people talking about it, but the number of cases remains stubbornly high. The estimated cost of fraud in Australia is around $6 billion annually, with Australian Institute of Criminology data showing that reported occurrences are consistently around 100,000 each year.

“There is no substitute for professional judgment, experience, interviews and document reviews, but computer-aided Forensic Investigation techniques supported by tools like FraudCheck can cut down the time and cost of traditional reviews and improve the quality of evidence gathered.”

Benefits of FraudCheck

“One of the key benefits of our FraudCheck program is the fact that a lot of data can be analysed in a more forensic manner, without affecting the evidence files, and also supports the extraction of metadata from the file. That means that data fields not normally available to the conventional user are able to viewed via the software, for example; User ID, Date Entered, Time Entered and so-on,” Daniel said.

In most instances, our procedures to check fraud in data can be undertaken on a discrete basis so that business relationships are not affected unnecessarily. At the same time, if employees are aware that investigators are able to monitor transactions, this can have a beneficial effect on the accounting process.

For more details please visit FraudCheck website here.