Overview

Peter Osmanski is a Director with The Claro Group based in the firm’s Chicago office. He has over 20 years of professional experience in accounting and consulting. His experience includes conducting a variety of investigations related to corporate fraud, financial reporting fraud, misappropriation of assets, employee or third party fraud and regulatory-related matters on behalf of management, audit committees, and outside counsel.

Additionally, he has helped various companies pro-actively address corporate anti-fraud and compliance efforts related to risk assessments, third party risk management, pre and post-acquisition due diligence, designing and enhancing compliance programs, and the development and execution of compliance program audit procedures.

Prior to joining The Claro Group, Mr. Osmanski spent 16 years at a big 4 accounting and consulting firm helping clients prevent, detect and respond to fraud and misconduct. Peter has also worked at two insurance companies as a corporate accountant.

Experience +

Domestic Investigations

Managed various internal investigations on behalf of clients, and their counsel related to a variety of domestic issues including: Cash misappropriation, theft & misuse of company assets, third party administration billing, earnings management, stock option backdating, side dealings / off book transactions, insurance claim fraud, falsification of company records and third party fraud.

These investigations have spanned various industries including financial services, insurance, health care, pharmaceutical/life sciences, technology, industrial markets, energy, oil and gas, consumer markets and media conglomerates.

Anti-bribery and Corruption

Significant experience with global matters related to Anti-Bribery and Corruption (“ABC”), including FCPA. Managed numerous investigations into alleged violations of ABC laws across a variety of industries. These investigations included the use various forensic investigative tools and techniques on a global basis, including interviews, forensic accounting, computer forensic and data analytic capabilities.

Led dozens of pre-acquisition due diligence projects with deal sizes ranging from slightly over $1 million to over $1 billion. These projects were designed to identify potential compliance-related risks by reviewing pertinent compliance program elements, performing validation testing using a risk-based judgmental sampling methodology, reviewing internal controls, and conducting on-site interviews of key Target personnel.

Fraud Prevention

Developed and executed various internal audit and/or compliance programs designed to evaluate fraud and various compliance-related internal controls. Assisted management with developing remedial measures to help demonstrate their commitment to continuous improvement of their compliance programs.

Guided various clients pro-actively address ABC-related compliance efforts including, risk assessments, third party risk management, pre and post-acquisition due diligence, designing and enhancing compliance programs and related internal controls, and the development and execution of ABC audit procedures.

Directed various projects to help clients with the post-acquisition integration of compliance program elements in various foreign jurisdictions. Particularly adept at working with operations leadership to develop cross-functional support in developing solutions that will not unnecessarily impede the business processes while still providing the company with leading compliance practices.

Education +

B. S. Business Administration, Accounting, Finance – with honors, Roosevelt University, 1996

Certifications +

Certified Fraud Examiner (CFE)

Memberships +

Advisory Board Member of Roosevelt University’s Business School,

Association of Certified Fraud Examiners

Chicago Chapter of the Association of Certified Fraud Examiners

Chicago Council on Global Affairs

Detroit Economic Club

City Club of Chicago

Publications & Speaking Engagements+

“Business Ethics”, presentation to the Chicago chapter of the Institute of Internal Auditors.

FCPA: The Critical Issues Facing the Life Science Industry, KPMG Life Sciences Roundtable.

“Understanding Financial Statements for Attorneys”, CLE presentation to Winston & Strawn LLP.

“Recent Trends in FCPA-Focused Due Diligence”, CLE presentation to Vedder Price P.C.

Practices +Insights +

Client Updates/Bulletins