The word 'forensic' is quite widely known in society, especially because of the popular television shows that highlight police work, investigators and the murder scenes that they unravel. This word relates to any and all information and findings that are to be used as evidence in a law court. A forensic audit is therefore evidence of a financial nature that is completed in order to be presented to a judge in the high court.
Audits of this nature are usually carried out by an accountant who deals in forensics. This person could also be known as a fraud investigator, an investigative accountant or a fraud auditor. Their main work often involves 'crimes against property', which includes fraudulent activities. An accountant who works in forensics could also be involved in cases where insurance claims and personal injury claims are seen as suspicious.
Someone who is in charge of a corporation's finances may need to be investigated if there are possible fraudulent activities that have been detected. The company may initiate a negligence claim against that person, and an auditing process will be required. The information relating to the case will need to be collected, analyzed and reported by the fraud investigator. All the purchases of the person in question will be investigated in order to determine if they were valid and legal.
Audits of this nature are also used as evidence in domestic cases. There are a large number of people nowadays who are divorced, and who are struggling within maintenance battles. When parents of a child separate, it is a legal obligation for one or the other to pay maintenance benefits to the spouse who is the main caregiver of the child.
Under normal circumstances, the father will make payments to the mother, as the child usually remains in the care of the female partner. However, it could also be the other way around. Audits will show how much money could be allocated for child support by determining the income and lifestyle of the spouse in question.
An accountant who deals in forensics, and who processes this type of audit, is somewhat different to a Chartered Accountant. However, the same general accounting practices will be studied. The accountant will need to know all aspects of transactions that are completed within books and records of accounting systems. A investigative accountant is an accountant in the usual sense of the word, but is also trained in the aspects of criminology and fraud prosecutions.
When audits are required, detective work will be involved. The investigator may need to interview the staff and management of the company, and determine who are witnesses and who are suspects. All digital records will also need to be scrutinized. These could involve quite complicated processes, and may require the support of a trained digital investigator.
A detailed forensic audit should only be completed by a qualified and experienced fraud investigator. The report that this person finalizes is then submitted to the authorities and is regarded as evidence for the case. Different cases may also take different amounts of time to complete. It could be a matter of a few weeks, or even a few years.
Audits of this nature are usually carried out by an accountant who deals in forensics. This person could also be known as a fraud investigator, an investigative accountant or a fraud auditor. Their main work often involves 'crimes against property', which includes fraudulent activities. An accountant who works in forensics could also be involved in cases where insurance claims and personal injury claims are seen as suspicious.
Someone who is in charge of a corporation's finances may need to be investigated if there are possible fraudulent activities that have been detected. The company may initiate a negligence claim against that person, and an auditing process will be required. The information relating to the case will need to be collected, analyzed and reported by the fraud investigator. All the purchases of the person in question will be investigated in order to determine if they were valid and legal.
Audits of this nature are also used as evidence in domestic cases. There are a large number of people nowadays who are divorced, and who are struggling within maintenance battles. When parents of a child separate, it is a legal obligation for one or the other to pay maintenance benefits to the spouse who is the main caregiver of the child.
Under normal circumstances, the father will make payments to the mother, as the child usually remains in the care of the female partner. However, it could also be the other way around. Audits will show how much money could be allocated for child support by determining the income and lifestyle of the spouse in question.
An accountant who deals in forensics, and who processes this type of audit, is somewhat different to a Chartered Accountant. However, the same general accounting practices will be studied. The accountant will need to know all aspects of transactions that are completed within books and records of accounting systems. A investigative accountant is an accountant in the usual sense of the word, but is also trained in the aspects of criminology and fraud prosecutions.
When audits are required, detective work will be involved. The investigator may need to interview the staff and management of the company, and determine who are witnesses and who are suspects. All digital records will also need to be scrutinized. These could involve quite complicated processes, and may require the support of a trained digital investigator.
A detailed forensic audit should only be completed by a qualified and experienced fraud investigator. The report that this person finalizes is then submitted to the authorities and is regarded as evidence for the case. Different cases may also take different amounts of time to complete. It could be a matter of a few weeks, or even a few years.
About the Author:
If you want the best in forensic audit services, take a look at www.saiaudit.com. Securitization Audit International will not accept payment until they are certain they can help you and more info is available now at http://www.saiaudit.com.
No comments:
Post a Comment