Fraud in both business and government is on the rise, along with accounting irregularities. The financial woes of municipalities are spotlighted frequently in the news. Aside from a risk that these headlines might damage the already fragile municipal markets, many of these matters can lead to regulatory probes, audits and prosecution of public officials. More now than ever, it’s imperative that proper accounting, regulatory compliance and transparency be characteristic of a well-functioning government. Allegations of government waste and dishonesty erode public support and trust. In those instances where financial malfeasance or improper conduct are discovered, forensic accounting and the ability to obtain rapid independent analysis are critical.
DSI Civic is adept at performing in-depth analysis, investigation and fact-gathering to organize and evaluate complex financial data. We can identify irregularities and prepare comprehensive reports, restatements of financial reporting and expert testimony for courts, regulatory agencies, investigators and other public forums. Our team is able to reconstruct data and unravel difficult situations even with imperfect or incomplete information and reluctant or non-cooperating perpetrators and enablers. Many of our engagements include the need to work closely with law enforcement personnel and regulatory investigators.
DSI Civic has amassed a diverse group of professionals with financial, accounting and regulatory expertise. Our team includes Masters of Professional Accountancy, Certified Public Accountants, Certified Insolvency and Restructuring Advisors, Certified Financial Forensic Accountants and Certified Internal Auditors. Our team also includes banking professionals and experts in the municipal bond markets including the current Chairman of the Illinois Finance Authority and the past Chief Operating Officer and Director of the Office of Management and Budget for the State of Illinois.
DSI Civic works closely with its clients to make sure the evaluations, analysis and reporting it provides will be in accordance with the scope of the engagement and in a format that will be most useful to the end user.