OR (c) KLIM Ltd., a construction company, engaged in constructing and selling residential or commercial properties, having suspected potential fraud…

During the course of performing a forensic accounting engagement in relation to suspected fraud, while undertaking the process of obtaining relevant evidence, CA J should take care of the following aspects: Depending on the nature of the case, this may involve locating documents, economic information, assets, a person or company, another expert or proof of the occurrence of an event.In order to gather detailed evidence, the investigator must understand the specific type of fraud that has been carried out and how the fraud has been committed.The evidence should be sufficient to ultimately prove the identity of the fraudster(s), the mechanics of the fraud scheme, and the amount of financial loss suffered.It is important that the investigating team is skilled in collecting evidence that can be used in a court case within the stipulated time period, and in keeping a clear chain of custody until the evidence is presented in court.If any evidence is inconclusive or there are gaps in the chain of custody, then the evidence may be challenged in court, or even become inadmissible. Investigators must be alert to documents being falsified, damaged, or destroyed by the suspect(s).