Forensic Accounting Investigation

Always Logistics Case Study

Name

Course

School

EXECUTIVE BRIEF

To : John Doe , Forensic Accountant

From : Johnny Smith , Forensic Accountant

Date : 28 May 2010

Subject : Assurance Engagement on Always Holdings

Always Logistics is looking to perform a forensic accounting audit on their financial statements , in particular to accounting periods ended in the last five years . Mr . Jim Gallbally , has claimed authority to oversee the fraud concern over the Company 's profit-sharing incentive for its administrative-level employees via a whistleblower account , and this would require a study on

their sales revenues data and their internal control systems

The intention of the assurance engagement is to supplement the fraud concern being raised by Mr . Gallbally to the senior management of the Company . Moreover , he intends to apply a `full force of the law ' to those staff who have `purposefully inflated revenue inflow for personal financial gain , should the claims were to be founded

I am expecting your full interest with this engagement , and you may extend your intention to this engagement via the contact details that I will provide . I have the details of my initial discussion with the client and our conditions of acceptance prior to the undertaking of such engagement

Attachments : Details of the Interview conducted with Mr . Jim Gallbally May 2010 Conditions of Acceptance for the Assurance Engagement , May 2010

Attachment 1 : Details of the Interview conducted with Mr . Jim Gallbally May 2010

A substantial annual performance bonus is paid to each divisional manager based on individual outputs as...