Forensic Accountancy Framework:

The Insolvency Service wishes to create a Framework Agreement for forensic accountants to provide services under the provisions of the Companies Act 1985 specifically s447. The Insolvency Service undertakes confidential enquiries into live companies under s447 of the Companies Act 1985.

This is a highly specialised role, involving a detailed knowledge of company and insolvency law and often a good knowledge of a particular industry or alternatively of what might constitute breach of a particular statue or requirement. It involves attending on a company's premises, seeking access to financial records, investigating the case with a view to identifying any matters which may cause concern, where necessary requiring information from third parties, preparing a report and, quite often but not always, drafting an affidavit for use in Court proceedings – and note that this evidence may require the individual to appear in Court on behalf of the SoS.