Engagement, Acceptance & Management

1. Prior to Engagement

Prior to accepting any engagement, PROForensics first ensures that the engagement complies with our internal Client Acceptance and Engagement Acceptance procedures. Regardless of the nature of the forensic engagement, the following is undertaken before we accept the engagement:

i. Client Acceptance Review

PROForensics carries out a risk based client due diligence procedure to ensure we know who the client is. This is best practice and is in compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.

ii. Engagement Acceptance Review

PROForensics will only accept engagements where we have the necessary resources and skills to undertake the engagement. As we are a specialist forensic firm, there are no independence issues with our clients.

2. Engagement Letter

PROForensics issues a written contract for any service that is to be provided to our clients. This is in line with best practice and defines the terms and conditions of the service. The contract will include:

  • Identity of the client.
  • Scope of the agreed work that PROForensics will carry out for you.
  • Format of Deliverables – generally a written report.
  • Timetable for report as agreed with you.
  • Agreed Fee Structure – PROForensics fees will be based on an agreed hourly rate.
  • Reporting Obligations in terms of statutory obligations of reporting certain information to regulators, An Garda Síochána, the ODCE or the Revenue Commissioners.
  • Legal Professional Privilege position if applicable.

3. Our Report Obligations:

Broadly speaking our reporting obligations can be divided into two separate categories, Statutory Reporting Obligations and Regulatory imposed Reporting Obligations. Statutory Reporting Obligations include:

  1. Section 59 of the Criminal Justice (Theft and Fraud Offences) Act, 2001 imposes an obligation on us to report to a member of An Garda Síochána where there is an ‘indication’ that certain offences under the Act have occurred. Offences include theft, making gain or loss by deception, false accounting, forgery and corruption.
  2. Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 imposes an obligation on us to promptly report suspicions of money laundering or terrorist financing to An Garda Síochána and the Revenue Commissioners

PROForensics complies with all of its reporting obligations.