A whistleblower working at a regional financial institution approached human resources and internal audit, asserting that various improprieties existed within the institution, including alleged misstatements in the institution’s borrowings from the Federal Home Loan Bank and the US Treasury, identity theft related to client accounts, and misstatements related to the investments held by the bank.
Based on Baker Tilly’s significant experience providing forensic accounting services to financial institutions, we were engaged by a special committee of the board of directors to conduct an investigation into alleged improprieties. In doing so, we:
Baker Tilly concluded that the allegations put forth by the whistleblower were unfounded.
For more information on this topic, or to learn how Baker Tilly forensic investigation specialists can help, contact our team.