Read the Case Study
Case Study
WilliamsMarston Clears the Way for Investigative Clarity and Stronger Internal Controls
Learn how WM helped a data and analytics company became aware an employee used company funds to purchase and resell computers for personal gain.
The Challenge
Urgent Investigation Needed to Uncover Scope of Unauthorized Purchases
With fragmented internal data and no prior experience with an issue like this, the Company required an urgent, independent investigation to (1) quantify unauthorized purchases, (2) determine whether additional employees were involved or aware, (3) assist with insurance claim preparation, and (4) identify remediation steps to prevent recurrence.
The Solution
WM experts provided a comprehensive independent investigation and insurance support
In partnership with outside counsel, WM conducted a comprehensive independent investigation including interviewing the subject and other company employees, analyzing five years of purchase and expense activity, quantifying the scope of the misconduct, and identifying recommendations for control and process improvements.
WM also prepared the narrative and analytical submissions required by the Company’s insurance provider and the local District Attorney.
The Result
WM’s investigation equipped the company with the clarity and evidence needed to take decisive action
WM’s investigation gave the Company a clear understanding of the financial impact of the misconduct and confirmed that the issue was limited to a single employee. The comprehensive documentation enabled the Company to advance its insurance claim with confidence, while WM’s targeted recommendations strengthened internal controls and reduced the likelihood of similar issues recurring.
THE TEAM RESPONSIBLE
Ready for clear guidance and powerful outcomes? Reach out to the team today.
Meet the Entire Team
Bjorn Malmlund
Partner – Accounting Advisory
Bjorn brings more than 35 years of forensic accounting experience to WilliamsMarston.
Bjorn has directed and conducted many investigations for public and private companies and led numerous independent and internal investigations on behalf of boards, Special Committees, and Audit Committees. Bjorn has assisted attorneys and their clients in over 300 disputes as a consultant, testifying expert, or third-party neutral. He has extensive experience testifying as an expert in federal and state courts, arbitrations, and before the ICC International Court of Arbitration.
Prior to WilliamsMarston, Bjorn held various leadership roles such as Americas Leader of EY LLP’s Disputes practice and West Region Leader of EY’s Forensics practice. During his career, Bjorn’s clients included both public and private companies in a broad spectrum of industries, including financial services, healthcare, internet, life sciences, manufacturing, media & entertainment, professional services, real estate, securities, and technology.
Bjorn is a Certified Public Accountant in California, accredited in Business Valuation (ABV) and certified in Financial Forensics (CFF) by the AICPA, Certified Fraud Examiner (CFE), and holds a Bachelor of Arts degree in Economics from Claremont McKenna College.
Alex Milkovich
Director – Accounting Advisory
Alex brings more than 14 years of forensic accounting and reporting experience to WilliamsMarston.
Alex has managed investigations involving allegations of fraud, bribery and foreign corrupt practices and other forms of manipulation and misappropriation of corporate assets. Alex has advised clients on various forensic accounting assignments which have involved complex accounting issues at both corporate and individual levels. Alex has led teams in the development of strategy for and assisted testifying experts in federal courts, state courts, and arbitrations. Alex has advised clients related to purchase price disputes, which have focused on working capital adjustments, analyzing whether Generally Accepted Accounting Principles (GAAP) have been consistently applied, and breaches of representations and warranties.
Prior to joining WilliamsMarston, Alex held various roles of increasing responsibility at EY LLP in both the Forensics and Audit practices. During his career, Alex’s clients included both public and private companies in a broad spectrum of industries, including financial services, healthcare, internet, life sciences, manufacturing, media & entertainment, professional services, real estate, securities, and technology.
Alex is a Certified Public Accountant (CPA) in California and a Certified Fraud Examiner (CFE). Alex holds both a Master of Science degree and a Bachelor of Arts degree in Accounting, which he completed concurrently, from the University of San Diego.
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