Global Logistics Ltd
Service: Account Audit
Client: Global Logistics Ltd
Date: February 2026
Amount Saved: $90,000 in fraud prevention
Introduction:
Global Logistics Ltd. is a multinational shipping and logistics company, responsible for transporting goods across the globe. As their operations expanded, they began noticing discrepancies in their financial records, prompting them to seek an audit. What started as a routine financial review quickly uncovered serious fraud, leading to significant cost savings for the company.
Client Background:
Founded in 2010, XYZ Retailers started with a single location and quickly expanded to a network of 25 stores. The company’s growth in both physical stores and e-commerce operations resulted in complex bookkeeping requirements. They used a combination of spreadsheets and legacy software, which made consolidating financial information from all locations difficult and prone to errors.
Challenge:
During a routine financial review, Global Logistics discovered some irregularities in their records. Several of their internal departments had noticed unexplained discrepancies in vendor payments and inventory shipments. While some of the discrepancies were initially attributed to errors, further analysis revealed signs of fraud, including unauthorized transactions and misappropriation of funds by certain employees.
The company was concerned about potential legal repercussions and the financial impact of this fraud. The challenge was not only identifying the scale of the fraud but also ensuring that the company could recover the stolen funds and implement safeguards to prevent future issues.
Solution:
KSFG conducted an extensive forensic audit to uncover the full scope of the fraud. We worked closely with Global Logistics' internal audit team to trace the unauthorized transactions and identify the individuals responsible. Our team also reviewed the company's financial systems and internal controls to understand how the fraud had occurred.
Based on our findings, we implemented stronger financial controls, including enhanced approval processes for transactions, segregation of duties, and improved monitoring of vendor payments and inventory shipments. We also provided training to employees on recognizing signs of fraud and how to report suspicious activities.
Outcome:
Through the audit, KSFG helped Global Logistics recover $90,000 in stolen funds. The comprehensive internal controls and fraud prevention measures we implemented ensured that similar issues would not recur. The audit process also improved the company’s overall financial transparency, which helped them maintain strong relationships with their investors and customers. With the fraud detected early, the company avoided even larger potential losses, which could have been disastrous for their operations.
Service: Account Audit
Client: Global Logistics Ltd
Date: February 2026
Amount Saved: $90,000 in fraud prevention
