FORENSIC AUDIT & INVESTIGATIONS

A Forensic Audit is an examination and evaluation of a firm’s or individual’s financial
records. During a forensic audit, an auditor seeks to derive evidence that could potentially
be used in court.

A forensic audit is used to uncover criminal behavior such as fraud or
embezzlement.

Forensic audit is one among such audits which involves examination of past
financial records of an entity to detect any illegal action, manipulation in the books of
accounts, siphoning of funds, etc. The forensic audit begins with the suspicion and doubts
and ends with the performance of investigation procedures to confirm the case of dispel the
suspicion.

It is an independent, comprehensive and scientific approach of reviewing an
entity’s financial statements in order to determine its accuracy, free from material
misstatements and importantly, to derive evidence that can be used in a court of law or
legal proceedings.