Hanover Government Audits and Internal Investigations Attorneys
Even for the most effectively run businesses, it is difficult to completely eliminate misconduct and fraud. In today’s political and social climate and with increased calls for information and transparency, the need for strong internal controls and reviews continually grows. But not even the most rigorous controls, extensive oversight, or strong management can prevent all unexpected problems – as can be seen from recent events. Crepeau Mourges understands this and can help your business prepare for the worst – whether through proactive investigation or through zealous advocacy in an investigation or litigation.
In recent years, small and large businesses have been targeted by both internal and external whistleblowers looking to cause problems, force business changes, or to receive a payout. Additional public disclosures from companies have given ammunition for investors and class action attorneys to initiate derivative actions against corporations for even the slightest misdeeds. Employee discrimination, harassment, and other misconduct have caused problems for board members – even when the issues were thought to have been thoroughly resolved. And finally, an increased call for oversight of certain industries and programs have resulted in expanding government investigations, large financial settlements, and, in some cases, even criminal litigation. Crepeau Mourges has wide-ranging experience handling pre-litigation internal investigations, representing clients in governmental audits, and adeptly representing clients faced with litigation.
If a business has discovered some level of wrongdoing, has been contacted by a government agency, has received notification of litigation, or is concerned with potential misconduct, the attorneys at Crepeau Mourges can provide value and limit the financial exposure of the business and its stakeholders. When a company does not properly conduct its affairs and fulfill its obligations to shareholders, the entity, its board members, officers, and other employees could face the following consequences:
- Civil and criminal liabilities, involving both financial penalties and incarceration, for specific acts and omissions under a host of regulatory frameworks
- Potential derivative suits claiming a breach of fiduciary duties by officers, directors, and employees seeking discharge of those individuals or significant financial consequences or restraints related to these individuals
- Increased public scrutiny resulting in a loss in trust, goodwill, and value of the business
- Government investigations and litigation that can result in the disclosure of confidential and proprietary information in the public sphere
- Potential for expensive and drawn-out litigation attracting negative publicity
- Remediation of perceived misconduct or wrongdoing requiring implementation of burdensome additional safeguards and internal controls
With early intervention, the attorneys at Crepeau Mourges can explain the legal environment, consider business conditions, and work with stakeholders to direct and advocate for a favorable resolution. The background and experience of Crepeau Mourges provide a unique ability to advise our clients and explain our comprehensive strategy. Unlike other firms, we have experience handling complicated forensic accounting engagements, providing litigation support to other advisors, and working with experts and consultants in administrative investigations and litigation. We have handled matters involving derivative litigation, matters involving resolution of improprieties through proactive voluntary disclosures and private settlements, matters involving forensic accounting to expose misconduct and mitigate corporate liability, and government audits conducted by the Internal Revenue Service, Federal Bureau of Investigations, Department of Labor, Department of Homeland Security, and others.
Our focus in this area allows us to effectively conduct the extensive fact-finding involved – including selecting experts and conducting investigative interviews – and to ensure that all actions are appropriately documented. We understand the wide-ranging legal issues and business considerations and advise stakeholders on their legal responsibilities – all while working to maintain attorney-client privilege and confidentiality over business matters and property. Crepeau Mourges is prepared to protect and fight for you against claims by the government, whistleblowers, and other litigants. We are there for you until the end and will see that post-resolution requirements and other safeguards are properly implemented to avoid future problems. Call Crepeau Mourges today to discuss how we can help to manage these problems and ensure the future success of your business.
How an Attorney Can Protect Your Business During an Audit
Going through a government audit or internal investigation can be a stressful and challenging process for any business, but you do not have to go it alone when you work with Hanover, MD government audits and internal investigations attorneys on your case. Not only can it be disruptive to daily operations, but there is also a risk of fines and other penalties if mistakes are made. However, having an experienced attorney on your side to help you navigate the process can help ensure that your business is properly protected and that any issues are addressed in the most efficient way possible. If you are facing an audit, contact a lawyer today at Crepeau Mourges.
What Is an Audit?
An audit is an independent, objective examination and evaluation of financial records, operational activities, internal controls, and compliance with applicable laws and regulations. Audits provide an assurance that the reviewed financial statements are in compliance with established standards, such as Generally Accepted Accounting Principles (GAAP). Audits are typically conducted by external auditors, such as Certified Public Accountants (CPAs) or internal auditors. Audits can be conducted on any type of business entity, ranging from a sole proprietorship to a publicly traded company. During the course of the audit, the auditor will review documents, such as financial statements, contracts, and policies, and interview personnel to evaluate the accuracy and completeness of the records and activities being audited. The auditor will then issue a report summarizing the results of their audit.
Types of Audits
Audits come in many forms, and can be conducted by either governmental or private entities. The type of audit that is conducted depends on the nature of the business, the size of the business, and the purpose of the audit. According to Hanover government audits and internal investigations attorneys , audits can be divided into three categories: financial audits, compliance audits, and operational audits.
- Financial Audits: Financial audits are conducted to ensure that a company is accurately reporting their financial information to external stakeholders. During a financial audit, an auditor will review the company’s financial documents and records to verify accuracy and completeness. Financial audits can be conducted by either a governmental entity, such as the IRS, or by a third-party private auditing firm.
- Compliance Audits: Compliance audits are conducted to ensure that a company is following all applicable laws and regulations. This type of audit is typically performed by a governmental entity such as the EPA or OSHA. During a compliance audit, the auditor will review policies, procedures, and other documents to ensure that the company is following all relevant rules and regulations.
- Operational Audits: Operational audits are conducted to evaluate the effectiveness of a company’s operations. During an operational audit, an auditor will review processes, procedures, and records to identify any areas of inefficiency or mismanagement. This type of audit can be conducted by either a governmental entity or a third-party auditing firm.
How an Attorney Can Help
Having an attorney to represent your business during a government audit or internal investigation can provide invaluable protection. Not only can they help protect your rights and advise you on the best course of action, they also offer a measure of assurance that you’re taking all necessary steps to comply with the law. They’ll be able to prepare you for the audit, explain the process to you and answer any questions you may have. Additionally, they can advise you on what documents and records need to be provided during the audit, as well as how to properly maintain records and documents. Furthermore, they’ll be able to represent you during meetings with auditors, as well as any interviews that may take place.
If any discrepancies or issues arise during the audit, your attorney will be able to provide guidance and advice on how to address them. They can also help you come up with a plan of action for rectifying any potential issues and ensure that you’re in compliance with the law. If you are facing an audit, contact some Hanover government audits and internal investigations attorneys at Crepeau Mourges today.