ABSTRACT
The borrower was in serious default and a client believed it was due to some fraud committed by the borrower. The original lease application, underwriting, and lease documentation all appeared to be in order. The organization should have a suitable anti-fraud response plan outlining key policies and investigation methodologies. Forensic accountants go to great lengths to make sure that clients and others who will be provided with their work product know that they absolutely did not conduct an audit. A great way to control cost is to require the consultants to break their workplan into discreet segments that result in a reviewable deliverable and to make a good faith fee estimate for each segment.
