Forensic experts called on in downturn
Signs of fraud emerge in corporate restructures
KPMG says rising evidence of fraudulent behaviour has forced it to bring
specialist forensic investigators to most of its restructuring jobs.
Philip Davidson, European head of restructuring at KPMG told The
Independent that signs of fraud in troubled companies have been on the rise
since the economic downturn.
‘One of the features of the past few years has been corporate heads issuing
very exuberant earnings promises and company valuations. What they are realising
now is that the promises don’t match the reality,’ he said.