Alternative Fee Structure Arrangements
At ARC we ensure your success. We prefer performance-based and fixed-price arrangements. We are the experts, let us take the risk. The table below lists the typical types of forensic consulting arrangements ARC offers our clients. All of ARC's active clients receive free unlimited phone support.
ARC Consulting Alternative Fee Arrangements
| Performance-Based |
ARC will work with you to identify the specific objectives of the job. We'll develop a business case to determine the profit-enhancement benefit of our services. You pay us based on our performance toward the business case. |
| Fixed-Price |
ARC prefers a fixed-price arrangement. If you can clearly define the objectives of the job, we'll offer a fixed-price agreement. If you'd like help defining the products or services, we can fix-price that service also. You pay us only upon your acceptance of the products. |
| Time & Expense |
When you're not quite sure what you need, or you just need some additional expertise, ARC offers competitive hourly rates — and we don't gouge you by billing for travel time. |
Our Nine-Step Methodology ensures that your project will be completed on time, on budget, and yield the desired results.
Our Staff
The professional staff of ARC brings more than 100 years of combined financial, forensic, legal, operations, technology, project management, and executive management "hands-on" experience. We have successfully investigated frauds and helped many organizations who have faced challenges similar to yours.
Every consultant assigned to your engagement will bring in excess of 10 years of hands-on experience in your industry dealing with your issues. Unlike other firms, you don't have to train our professionals. We are the experts. We train the professionals that other firms hire.
Details of our Range of Services
Smoking Gun” Investigations
At ARC, we find the root cause of the fraud, or what we call "The Smoking Gun." Fraud has different connotations in different industries. Fraud perpetrated by employees usually relates to thefts and embezzlements through A/P, Travel Reimbursement or Payroll schemes.
Financial Reporting fraud typically relates to senior management intentionally manipulating the financial reports for gain, or to cover poor performance. Bank fraud covers a wide range of activities from check kiting to bad loans.
The most important aspect of any "Smoking Gun" investigation is to obtain the facts. At ARC, we continually strive to obtain the right legal evidence to support litigation.
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Forensic Accounting
Forensic Accounting covers a wide range of services, including
- Reconstructing records accidentally or intentionally destroyed
- Vouching and tracing transactions and validation of supporting documentation
- Analyzing financial results
- Determining the completeness and accuracy of financial reports.
ARC has worked with a wide range of clients to assist with:
- civil litigation matters
- corporate investigations
- domestic disputes and divorce matters
- searching for hidden assets
- due diligence reviews
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Creation of the Fraud-Resistant Organization
An Ounce of Prevention is worth a Pound of Cure!
Our Fraud Prevention Services are dedicated to evaluating the entire internal control and complete security (physical and electronic) of your organization. Any control can be circumvented if the perpetrator works hard enough. The key is to establish an "Early Warning System" as a line of defense against a second strike. Some of the typical strategies include:
- Documentation and distribution of all organizational policies
- Thorough screening of potential and existing employees
- Ongoing background checks
of all employees
- Establishment and maintenance of an adequate and effective internal control environment
- Segregation of the three key activities of any transaction
- Document your financial policies & accounting procedures
- Rotate financial responsibilities periodically
- Periodically sample policies & transactions for compliance
- An adequate and effective Internal Audit Function
- Development of a "Whistleblower" hotline
- Bonding of all employees with access to valuable and moveable assets
But this is not enough. At ARC, we know the Bad Guys know this. We go beyond the typical "Line of First Defense" to evaluate the controls that detect fraud the moment it is perpetrated. Our clients understand that this is a war. We win the war.
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Expert Witness Testimony and Litigation Support
Today's legal team needs effective forensic accountants more than ever. In addition, the forensic accountant, acting as an "Expert Witness" must possess the verbal skills to simply and factually relate their findings to a jury made up of non-financial layperson's. Astute legal professionals realize that their litigation support and expert witnesses must not only be seasoned accountants who know their way around a balance sheet, but effective communicators as well. .
At ARC, we know the ropes from requesting the right documents through to delivering effective and sound expert testimony. We have done it all. All of our forensic accountants have over 20 years of hands-on audit experience. In addition, they also are skills leaders of professional development seminars.
In essence, we teach the professionals that other firms hire. ,
At ARC the litigation support services we provide include:
- obtaining adequate financial records
- validating cash records and finding hidden assets
- determination of loss
- reviewing seized records for authenticity and adequacy
- reconstructing missing financial reports caused by intentially record destruction
- preparing questions for interrogatories and depositions
- reperformance of transactions and detailed tests of transactions
- valuation of assets, including homes, businesses, portfolios, art, jewelry, yachts, and other personal and business assets
As auditors, ARC has extensive experience in both financial statement fraud, employee embezzlement and financial crimes, but also with evaluating internal controls within organizations, and fraud prevention. We work with your attorneys providing litigation support that ensures you will prevail in your case.
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