Ernst & Young Launches Fraud Investigation Service
Posted on Friday, March 31, 2006 @ 13:48:52 EST by xtv
Ernst & Young, one of the world's leading professional services organisations, announces the launch of a global Fraud Investigation & Dispute practice in response to the growing focus on, and complexity of, business fraud.
London, UK, March 31, 2006 -- Christian Mouillon, Ernst & Young's Global Vice Chair of Assurance and Advisory Business Services, said: "Fraud is a growing concern for companies around the world because it is one of the only business risks that is deliberately disguised. Some estimates claim 5-6% of business revenue is being lost. Companies are looking for specialist help in this area on a truly global basis".
The new practice will focus on helping
global organizations navigate through the intricacies of corporate investigations and the complexities that may arise out of today's regulatory environment. In particular the practice will focus on three areas: fraud investigation; dispute services; and providing forensic legal technology support.
The practice, based in over 20 countries and operating worldwide, brings together over 1000 specialist professionals including leading forensic accountants, former government and regulatory agency officials,
and former prosecutors and law enforcement agents.
The new practice will be jointly led by David L. Stulb (London and New York) and Steven Kuzma (Atlanta).
Mouillon welcomed the new leaders: "With these appointments we bring together David Stulb, who is one of the most respected and sought after fraud investigators in business today, and Steven Kuzma, who has deep disputes expertise, to form the ideal partnership to lead our Global Service group in this complex field.
David
will focus on client service and business development while Steven will direct the operations and strategy side of the team's activities."
About Ernst & Young: Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 107,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated
services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to one or more of the members of the global Ernst & Young organization.
This press release has been issued by EYGM Limited, a member of the global Ernst & Young organization
Contact: Ernst & Young Kevin Russell + 44 7884
235 847
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