Monticello Consulting has worked with numerous banking and finance firms on forensic accounting projects. On these engagements, our consultants leverage Monticello’s proven methodology and structured approach to financial reconciliation to assist our clients in quickly resolving issues in their accounting and subledger systems. Accounting errors can occur from a myriad of root causes. Ledger systems can be susceptible to timing issues and foreign exchange translation errors if operating in a multi-currency ledger environment. Due to the complicated nature of trading counterparties, it is not uncommon to discover a broker not recording the correct transaction fees to charge their clients. In these scenarios, our consultants leverage Monticello’s methodology to analyze and quantify the over/under charges for these trading fees and recommend a course of action to remediate the issues.