Forensic accountants are frequently called in to perform a “fraud audit”.
If allegations of fraud have been raised then it can be very useful to audit the books and records of the organisation concerned. A “Fraud Audit” is a term that is often used to describe a detailed review or investigation where there are allegations of fraud, misappropriation or other inappropriate activity.
If you are interested in conducting a fraud audit, then please contact us for further information.
Forensic accountants have a unique role to play in a fraud audit. In many cases they can provide expert advice in relation to the investigation, breakdown in internal controls, liaison with legal counsel and other individuals within the organisation. A Forensic Accountant can also assist in the preparation of a brief of evidence and any other documentation that is required as part of the review.
It’s also important that any potential evidence is secured pending a legal review and the methodology employed in the investigation is appropriate if the matter is pursued in either a civil or criminal jurisdiction.
Recent News
- An audit into employment agencies has lead to calls for a fraud audit to be conducted.