Forensic accounting project

1-point out red flags.

2- point odd things out that you would like proof of.

down below are files with a set of instructions and around 12 pictures of bank statements, you should point out every red flag possible weather it’s in the financial transactions or in the writing, and you should point out odd things in the statements that you would like documents/proof of.

Green Flash Forensics
2300 West Sahara Avenue, Suite 800
Las Vegas, NV 89102
702-900-4640
info@greenflashforensics.com
www.greenflashforensics.com
5 February 2024
PSU Falcons
Zeyad Abdelaziz [220110138@psu.edu.sa]
Deena Alyahya [219410150@psu.edu.sa]
Abdulaziz Alabbad [217110552@psu.edu.sa]
Nawaf Alyahya [219110819@psu.edu.sa]
Yousif Alkanhal [219110271@psu.edu.sa]
Mohamed Alzahrani [219110410@psu.edu.sa]
Sultan Alshami [219110283@psu.edu.sa]
Omran Alzabin [217210647@psu.edu.sa]
Methqal Alonzi [217210614@psu.edu.sa]
Nawaf Alfutaimany [219211092@psu.edu.sa]
Madhawi Alshuwaier [219510940@psu.edu.sa]
Rand Alassaf [219410781@psu.edu.sa]
Jana Almoshaddak [219510939@psu.edu.sa]
Orjwan Bin Musaad [218410626@psu.edu.sa]
Department of Accounting
Prince Sultan University
SENT VIA ELECTRONIC MAIL
Re: Request for Forensic Accounting Services – PSU Falcons
Dear Zeyad Abdelaziz, Deena Alyahya, and PSU Falcons,
My name is John Tira, and I am a Senior Managing Director with Green Flash Forensics, a forensic
accounting firm based in Las Vegas, Nevada, United States. It is very nice to meet you by way of this letter,
and I look forward to speaking with you in the near future. I am joined by my colleagues Nathan Fan and
Brian Rohl, who will guide you through this process.
A long-time client of mine has requested that my firm perform a forensic accounting investigation related to
a series of financial transactions. However, based on my firm’s current workload, we simply do not have
the necessary resources to conduct this investigation. I have reached out to many colleagues to see if they
could assist. All of those contacts declined, but each contact recommended that I reach out to Doctors
Waleed and Samar from Prince Sultan University. Based on the information provided to me, Doctors
Waleed and Samar’s forensic accounting students would be well suited for this project. As such, I am
contacting you to request your assistance with this matter.
As explained above, my firm is requesting that your team perform a forensic investigation of a certain
individual – Mr. Underwood – and review certain financial records. Based on the information provided to
us, we have reason to believe that certain transactions may be considered illegal and/or unethical. Your
task is to examine the Underwood financial records and to conduct follow-up investigations as appropriate
to identify assets and assist in potential criminal investigations. We wish for you and your team to analyze
www.greenflashforensics.com
This Document is Based on a Hypothetical Scenario and is for Educational Purposes Only
PSU Falcons
5 February 2024
Page 2
the records included herein and to provide a formal presentation to my firm (which may include other
colleagues) via a virtual presentation on May 9, 2024 (with a specific date to be determined).
When conducting your analyses, we suggest you do the perform the following:
1.
Plan the records collection.
2.
Obtain and inventory available records.
3.
Develop a schedule, database, or spreadsheet and enter the records into it.
4.
Review the records for investigative leads.
5.
Analyze the records:
a.
Date
b.
Payee
c.
Deposit
d.
Memo
e.
“category”
f.
some combination of the above
6.
Review the records for patterns.
7.
Review the records for unusual deposits or payments.
8.
Review for what is “missing” and elaborate on which records, if obtained could progress your
analysis
9.
Analyze flow between/among accounts.
10.
Develop a visual depiction.
Again, because our firm does not have the resources to analyze the attached documents. We expect you
and your team to notify us of any anomalies, inconsistencies, issues, or improprieties that you may identify
during your investigation. In addition, while we understand that your previous experiences with similar
engagements will provide you with a roadmap of how to approach this investigation, at the very minimum
we request that you scrutinize the parties to the transactions as well as the location of those transactions.
Of course, should you identify additional/other documents that you deem relevant to the investigation,
please request that information from me. For any information requests, please issue a formal “Request for
Information”, and please send that to my colleagues (either Mr. Fan or Mr. Rohl) no later than Monday
February 26th, 2024. I cannot guarantee that any additional information will be available, but I will make
every effort to fulfill your requests.
Please also coordinate with your coaches (Mr. Fan or Mr. Rohl) to establish a time to discuss preliminary
logistics during March 4th through March 7th (8AM Pacific) and the progress of your presentation during
the week of April 22nd through April 25th (8AM Pacific).
I look forward to your investigation findings and presentation.
Respectfully,
John Tira
John Tira, CPA/CFF, CFE
Senior Managing Director
Green Flash Forensics
(702) 900-4640
john@greenflashforensics.com
Nathan Fan
Nathan Fan, CPA/CFF, CGMA, CFE
Principal
Hemming Morse
(213) 222-0880
fann@hemming.com
Brian Rohl
Brian Rohl, CPA/ABV/CFF
Manager
Gampel Forensic and Valuation
(954) 332-2404
brohl@forensicandvaluation.com
This Document is Based on a Hypothetical Scenario and is for Educational Purposes Only
Green Flash Forensics
2300 West Sahara Avenue, Suite 800
Las Vegas, NV 89102
702-900-4640
info@greenflashforensics.com
www.greenflashforensics.com
Enclosures: Bank Statements
cc: Dr. Waleed Alsuhaibani [walsuhaibani@psu.edu.sa] and Dr. Samar Elsayad [selsayad@psu.edu.sa]
www.greenflashforensics.com
This Document is Based on a Hypothetical Scenario and is for Educational Purposes Only
First GFF Bank
2300 West Sahara Avenue, Suite 800
Las Vegas, NV 89102
Page 3 of 4
Statement Period
09/01/22 through 09/30/22
Number of checks enclosed: 16
Account Number: 000008675309
Frank Underwood
Claire Underwood
Personal Checking Monthly Transactions
Date
Posted
09/21/22
09/21/22
Amount($)
(1,650.74)
(700.00)
Ledger
Balance
$ 45,442.93
$ 44,742.93
09/21/22
09/23/22
(7.50)
(855.87)
$ 44,735.43
$ 43,879.56
09/23/22
09/26/22
09/27/22
18,250.00
($312.56)
(25,000.00)
$ 62,129.56
$ 61,817.00
$ 36,817.00
09/27/22
09/28/22
09/29/22
09/29/22
(35.00)
(9,999.99)
15,000.00
(9,000.00)
$ 36,782.00
$ 26,782.01
$ 41,782.01
$ 32,782.01
Transaction
Check 910
CityStation Gas & Food Mart IV
901 E 5th, Gary, IN
ATM Service Fee
Deb’s Debit
6819 Kennedy, Hammond, IN
Deposit
Check 911
Union Bancaire Geneva, UBG, Geneva, Wire
Acct#88773625 09/24
Wire Transaction Fee
Check 913
Deposit
Check 914
Checks Posted in Numerical Order
Check
Date
Number
Posted
Amount($)
898
09/06/22
(2,002.45)
899
09/07/22
($4,500.12)
900
09/07/22
(7,475.65)
901
09/08/22
(8,265.74)
902
09/09/22
(956.65)
903
09/09/22
(9,404.40)
904
09/09/22
(730.45)
905
09/16/22
(25,000.00)
906
09/16/22
($283.55)
907
09/19/22
(212.88)
908
09/20/22
(23,000.00)
909
09/21/22
(708.74)
910
09/21/22
(1,650.74)
911
09/26/22
($312.56)
*913
09/28/22
(9,999.99)
914
09/29/22
(9,000.00)
Total Number of Checks Posted: 16
* The asterisk shows a break in the check number order. Your check may have been in a previous statement or may still be outstanding
This Document is Based on a Hypothetical Scearnio and is for Educational Purposes Only