Forensic audit

[niyati]

can someone explain me meaning of forensic audit?

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[robertwilliam]

A forensic audit is a specialized type of financial examination that investigates potential fraud, misconduct, or irregularities within an organization. It goes beyond a typical financial audit by focusing on gathering evidence for legal proceedings, identifying perpetrators, and determining the extent of financial wrongdoing. Forensic audits are often initiated in response to specific allegations or suspicions of fraud, embezzlement, or other financial crimes.

 

[Sophie]

A forensic audit refers to an elaborate review of financial documents with a view to uncover fraud, embezzlement, or financial frauds. It is a combination of accounting, auditing, and investigative skills to provide evidence to be used in legal proceedings to guarantee transparency and discover abnormalities in the financial operations of an organization.

 

[Shane Warne]

A forensic audit refers to a thorough review of financial documents of a company and uncovers fraud, misbehavior, or financial offenses. It is a synthesis of auditing and investigating, which is frequently applied in legal cases in order to accumulate details to be used in court, or detect anomalies in financial reporting.

 

[riya]

A forensic audit is a specific kind of financial analysis that looks into possible wrongdoing, fraud, or anomalies in a company. By concentrating on obtaining evidence for court cases, identifying offenders, and assessing the degree of financial misconduct, it goes above and beyond a standard financial audit. Frequently, specific claims or suspicions of fraud, embezzlement, or other financial crimes prompt the start of forensic audits.