A Forensic Audit is basically an examination of an organization’s financial records to derive evidence which can be used in a court of law or legal proceeding. A forensic audit is a detailed engagement that requires the expertise of not only accounting and auditing procedures but also expert knowledge regarding the legal framework and business operations.
Forensic audit investigations are made for several reasons, including the following:
- Asset Misappropriation (misappropriation of cash, creating fake invoices, payments made to non-existing suppliers or employees, misuse of assets, theft of Inventory, etc.)
- Financial statement fraud (the goal of presenting fraudulent numbers may be to improve liquidity, ensure top management continue receiving bonuses, or to deal with pressure for market performance, among other motivation).
We have the skills, understanding and expertise to undertake forensic investigations.