Forensic Accounting Articles


Benefits of Hindsight when Quantifying Financial Losses

Claims for economic losses arising out of failed real estate developments can be complex to prove, requiring evidence concerning many different aspects of the proposed construction project. There can also be different approaches to quantifying losses. Both of these issues are nicely illustrated by a recent decision from the Alberta Court of King’s Bench. Remington……

Fraud Fighting 101

While I consider myself a pacifist, as a forensic accountant, I have been occasionally referred to as a fraud “fighter”. So, in the spirit of International Fraud Awareness Week (November 13 to 19, 2022), I would like to share some insights and strategies on how you, too, can “fight” fraud by mitigating the risk of……

Waste to Energy

What is Waste to Energy? Waste to energy refers to the process of converting municipal solid waste (MSW), otherwise known as trash, into usable heat, electricity, or fuel. The three main MSW categories include: Biomass or biogenic (plant or animal products) materials such as paper, cardboard, food waste, grass clippings, leaves, wood, and leather products……

Ghosts, Ghouls and Cyber Claims

We usually think of Hallowe’en when October rolls around; however, did you know that October is also cyber security awareness month? NetDiligence recently released the 12th iteration of their Cyber Claims Study. They analyzed approximately 7,500 cyber claims from period 2017 to2021.[1] We have summarized several of the key findings below: Ransomware and business email……

An Introduction to Natural Gas: Separation, LNG and GTL Plants

Our first technical briefing introduced the Oil & Gas value chain, divided into: i) upstream; ii) midstream; and iii) downstream.  Here is a recap, before we explore natural gas in more detail. Upstream: this involves the exploration and extraction of crude oil and natural gas to the surface; Midstream: as natural gas is usually trapped……

Imbalance of Gas Supply

The sanctions imposed on Russia amid the Russia-Ukraine conflict have impacted global gas markets, particularly those in Europe.  Russia is the second largest producer of natural gas globally and used to supply about 40% of Europe’s natural gas.  However, supplies from Russia to Europe are currently below 10% following the complete shutdown of gas flows……