About Caret Consulting Inc.

At CARET we pride ourselves in our practical business experience over a range of industries and organization sizes, which we find beneficial in the application of our fraud risk management services as:

• Governance and internal controls reviews
• Forensics accounting investigations
• Businesses coaching & seminars
• Fraud prevention & detection
• Fraud risk assessment

Our principal has dealt with day to day business issues such as: balancing the challenges, investors’ demands, staff pressures, fraud/theft, budget variances and negotiations with government and suppliers. We understand: management challenges, staff pressures and cost versus benefit considerations.

What is Fraud Risk Management?

Fraud risk management is the integrated application of proactive and reactive actions, within an organization to:

• Assess fraud risk
• Detect fraud
• Prevent fraud
• Respond to fraud allegations and red flags
• Implement corrective actions

Risk can never be eliminated but it can be assessed and managed. The foundation upon which Fraud Risk Management is built is Governance from the top, being the board or owner-manager. The correct tone must be clearly set and consistently applied throughout an organization.

Forensic Accountant’s Role

A forensic accountant’s role is to seek out, investigate, document and report on relevant evidence, with due diligence in accordance with appropriate standards. We will not conclude as to the guilt or innocence of any party(ies).

  a. reveal a lack of sufficient evidence

  b. indicate further suspects

  c. that suspicions arose because of errors not fraud

  d. reveal further issues to be investigated

 Our experience and training is focused

Supplemented with training, education and working with other experienced control and fraud specialists we have performed a range of control and forensic engagements

   • Contract compliance reviews, including for:
    - Divorce
    - Earn-out calculation
    - Sales/leaseback
     - Government funding
   • Consultant to legal counsels
   • Expert witness reports
   • Advisor to arbitrator in reference to interpretation of funding contract
   • Investigations and preparation of reports into allegations of wrong-doing by management and staff of: private companies, publicly listed companies; non-profits
   • Loss quantification
  ·• Review assessments and recommendations of:
    - Internal Control
    - Control weakness identified under Sarbanes Oxley (SOX) reviews
    - Proposed governmental funding/loan
    - Proposed agreement for a Private Public Partnership