Reference no: EM132704690 , Length: word count:2000

Requirements:

You are a forensic accountant working for the Serious Fraud Office (SFO). You have been asked by your boss to write an internal report in preparation for an investigation into GoGreen Hedgehogs, a basketball team struggling at the bottom of the British Basketball League (BBL).

During the preliminary stage of the investigation, you have asked for, and received the following:

1. A set of management accounts. These include a number of unidentified entries in the suspense and transfer accounts in the ledger, as well as larger than expected revenue linked to merchandise, which the club do not seem to sell online.
2. A copy of the Hedgehogs' team list, which does not match that of the Hedgehogs' rota on the official BBL website.
3. Copies of all tax forms submitted to HMRC in the last two years, of which there were none.
4. A copy of the organisation's policies and procedures with regards payments, of which there were none.
5. Information on the organisation's structure, which is registered in the UK but whose parent company is registered in the Cayman Islands and there is no more forthcoming information.
You have been asked to evaluate the following in your report:

1. The types of financial crime that may be involved and your reasoning for this;

2. The type of investigation methods that you would expect to have to undertake given point 1;

3. The specific concerns around the management account findings and the types of methods you would apply to test these; and

4. How technology could be applied to aid the investigation.
Your internal report will consider and reference current academic and professional literature in this area.

Word Limit: 2,000 words excluding footnotes and bibliography.

Referencing requirements: Students must reference all sources using the APA 7th Edition.