Where Numbers Tell the Hidden Tale

At Integrity Forensic, we offer specialized forensic services tailored to the unique needs of condominiums (condos) and cooperative housing (co-ops). These services are designed to provide comprehensive and thorough investigations into financial irregularities, potential fraud, and compliance issues within these types of residential communities.

1. • Financial Fraud Detection: Our team of experienced forensic accountants meticulously examine financial records, transactions, and documentation to identify any signs of fraud or embezzlement. We scrutinize accounting books, bank statements, and budget reports to detect discrepancies or suspicious activities that may indicate fraudulent behavior.

• • Embezzlement and Misappropriation Investigations: We conduct in-depth investigations into cases of suspected embezzlement or misappropriation of funds within the condo or co-op management. By analyzing financial data and conducting interviews with key personnel, we aim to uncover any illicit activities and assess the extent of the financial damage caused.

• • Contractual Compliance Review: We verify whether the condo or co-op management complies with the relevant contractual obligations and financial responsibilities. This includes examining contracts with vendors, service providers, and contractors to ensure transparency and adherence to agreed-upon terms.

• • Reserve Fund Analysis: Our experts assess the adequacy of the condo or co-op’s reserve fund to cover future capital expenses and major repairs. By evaluating the fund’s financial health and reviewing historical spending patterns, we assist in making informed decisions to ensure the long-term financial sustainability of the community.

• • Board Governance and Internal Controls Evaluation: We evaluate the effectiveness of the condo or co-op board’s governance practices and internal controls. This assessment aims to identify weaknesses or vulnerabilities in the decision-making process, financial oversight, and safeguarding of assets.

• • Dispute Resolution Support: In the event of financial disputes or conflicts within the condo or co-op community, our forensic services provide impartial and objective analysis to help resolve the issues. Our findings can serve as expert testimony in legal proceedings, if necessary.

• • Preventative Measures and Training: Beyond investigations, we offer recommendations for implementing robust financial controls and preventative measures to safeguard against future fraud and financial irregularities. We can also provide training sessions for board members and staff to enhance their awareness and understanding of financial best practices.

Our condo and co-op forensic services are committed to ensuring transparency, accountability, and financial integrity within these residential communities. By employing advanced auditing techniques and leveraging our expertise, we help condo and co-op boards maintain the trust of their residents and safeguard the financial interests of all stakeholders.