Michael Mumford, CPA/CFF, CFE, CPA (Canada)
Principal Consultant – Forensics, Fraud & Corporate Investigations
Mike has been assisting clients to resolve complex fraud and compliance issues for over 30 years. His expertise in investigative & forensic accounting has been instrumental in over 300 engagements for the Royal Canadian Mounted Police, law firms, financial institutions, businesses, non-profits and high net worth individuals and families. Mike started and led forensic accounting practices for two of the “Big 5” accounting firms, and leads multi-disciplinary teams working with attorneys, general counsel, corporate security, law enforcement and other specialists.
Mike’s forensic and investigative experience led to helping clients to identify and mitigate fraud and embezzlement risks on a proactive basis. A unique aspect of Mike’s risk management practice is his focus on working with high net worth individuals and families, family businesses, family offices and related entities to preserve their wealth and financial security. In 2017 he published a book, Avoidable Losses: A Guide to Keeping What You’ve Earned, for professional athletes and celebrities on how to ensure they don’t become victims of unscrupulous financial advisors, agents, business managers or others.
During Mike’s 30 year career he has led investigations of internal and external fraud, embezzlement and non-compliance at all types of entities. The matters have included numerous internal investigations, asset tracing, breach of fiduciary duty, embezzlement, FCPA issues, financial crimes and money-laundering, Ponzi and other investment frauds, trust disputes, fraudulent financial reporting and audit committee investigations. He has also consulted with numerous organizations on their fraud strategy, policies, processes, systems and controls.
Many of Mike’s engagements have involved complex data analysis of very large, disparate data sets. Mike’s ability to use technology to understand and analyze data has been instrumental in many investigations, fraud detection and civil disputes.
Mike’s work with HNWIs and families is aimed specifically at helping them preserve their wealth and financial security. This comprises identification of risky financial holdings and practices, diligence, customized risk education, and monitoring of financial management, accounts and transactions.
Mike has been involved in educating others and sharing his knowledge since early in his career. Examples of his presentations and publications include “Forensic Accounting and Financial Investigations” chapter in The Litigator’s Guide to Expert Witnesses, published in 1997; presentations to chapters of the Institute of Internal Auditors and the Association of Certified Fraud Examiners including, “Fraud Risks in Today’s Economy”, 2010; “Using Data Analysis for Fraud, Abuse and Non-Compliance”, 2013; “Ethics for Auditors”, 2015; and “Investing and Risk”, 2016. In 2017 Mike published his book, Avoidable Losses: A Guide to Keeping What You’ve Earned. He also authored two white papers, “Could Your Law Firm Be At Risk? Trust Accounts: Non-Compliance, Embezzlement and Fraud”, and “Don’t Lose What You Have: Safeguarding Funds at Nonprofit Organizations”.
Mike is a Member of the AICPA, Minnesota Society of Certified Public Accountants, Chartered Professional Accountants Canada, and the Association of Certified Fraud Examiners. He is currently serving on the Board of Directors, Twin Cities Chapter of Certified Fraud Examiners.