Asset Tracing and Lifestyle Audits

Image result for asset tracing

A lifestyle audit is defined as a person’s living standards to see if it is consistent with his/her reported income.

According to the Association of Certified Fraud Examiners, any recipient of funds, whether honest or suspect, has only four ways of disposing of income: save it, buy assets, pay off debts, or spend it. This provides information to the forensic investigator on where to start searching for possible evidence in a suspected case of fraud, including investigation into the background of a suspect. As part of our background research we look at the following:

  • Directorship in legal entities;
  • Movable assets;
  • Fixed assets;
  • Financial background check regarding judgments, defaults, debt review etc.; and
  • Consumer enquiries.