Forensic Audit Assignments

•Meaning- A forensic audit is an examination and evaluation of a firm's or individual's financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims.

Forensic Assignment can be required in the following 4 examples though the list is never ending:

•Fraud investigations involving misappropriation of funds, money laundering, tax evasion and insider trading

•Quantification of loss in case of insurance claims

•Determination of the profit share of business partners in case of a dispute

•Determination of claims of professional negligence relating to the accountancy profession

•The number is enourmous.

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