Selecting the Right Investigative Resource

A financial fraud allegation demands an appropriate and timely response. Often, the most pressing question is how to assemble a team to address the allegation appropriately and efficiently. This article provides recommendations for assessing an allegation, determining how and by whom an allegation should be investigated, and selecting the right type of investigative resources. These include: 1. Identify implicated parties. 2. Consider the quality of preliminary information. 3. Assess possible materiality. 4. Consider expertise necessary to investigate. 5. Mind the logistics: language, resources and timing. 6. Consider the perspectives of other constituents. 7. Perform a cost-benefit analysis. The key to distinguishing the benefits of internal or external investigators may come down to the nature of the alleged misconduct and the individuals at risk of implication.