We support outside counsel representing both distressed companies and creditors with expert advice around maximizing value, managing cash, and identifying potential misconduct. For companies facing insolvency or financial hardships, this can include investigating potential fraud or wrongdoing that may have deteriorated the entity’s financial position, tracing how cash has been spent or diverted, developing and evaluating liquidity strategies, negotiating with creditors, implementing operational changes, and satisfying complex regulatory and reporting requirements. For those seeking to maximize their recovery from a distressed company, it can mean monitoring ongoing activities, preparing for litigation, identifying expropriated assets and hidden liabilities, and investigating potentially improper uses of assets.
FRA blends decades of experience in accounting and international business with market-leading capabilities in data mining, analytics and financial modeling. Our unsurpassed expertise as investigators, analysts, monitors and trusted advisors spans industries and geographies, and enables us to develop effective strategies to protect the interests of counsel and their clients on the path forward.
Concerns over fraudulent activity, asset diversion and asset tracing will undoubtedly be more acute as companies face economic collapse, and unscrupulous directors and owners move to redirect corporate obligations to their own advantage. In order to provide the greatest opportunity to recover assets and funds improperly removed from the business, and ultimately to recover those assets, forensic steps must be taken as quickly as possible.
FRA’s seasoned team of forensic accountants and data analysts leverages cutting edge analytics tools to process and interrogate large volumes of complex transactional data from multiple sources and provide timely, actionable intelligence to stakeholders, including debtors, credits, their Counsel, and trustees. We can analyze payment systems, reconstruct financial records to quantify debtor funds that may have been used improperly, trace cash flows, and investigate potential misconduct that may have underpinned the company’s financial deterioration, including: