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The Difference Between a Financial Statement Audit & a Forensic Audit

The Difference Between a Financial Statement Audit & a Forensic Audit

By Jeffrey Thomas, eHow Contributor The primary difference between financial and forensic audits lies in the purpose of the audit. A financial audit confirms the validity of a company‚Äôs financial records, providing investors and creditors with confidence in the financial information. Forensic audits relate directly to an issue defined by the audit client. This issue […]

What Is a Forensic Audit?

What Is a Forensic Audit?

By Andy Pasquesi, eHow Contributor   When most people hear the term “audit”, they think of IRS agents and tax fraud. A forensic audit, however, is usually commissioned by private parties and, while not associated with the IRS, can have very serious criminal and legal consequences. This article will help you understand the uses, players […]

Forensic Audit Definition

Forensic Audit Definition

By R.A. Anderson, eHow Contributor   During a forensic audit, professionals compile and assess financial information to be used in legal proceedings. The audits are conducted by forensic auditors who rely on the principles of law, business, ethics and general accountancy. While the results of most forensic audits are used in court, they are sometimes […]

What Is Forensic Auditing?

What Is Forensic Auditing?

  Checklist Description This checklist provides an overview of forensic auditing and examines how managers can put the techniques to work to protect their businesses against waste, abuse, and various forms of economic crime, such as fraud. Back to top Definition Forensic auditing is a blend of traditional accounting, auditing, and financial detective work. Technology […]

Forensic Audit Checklist

Forensic Audit Checklist

By David Karanja, eHow Contributor During a forensic audit, an auditor examines the financial records of a person or business, and uses specialized accounting methods to track and collect evidence of crimes such as tax fraud and embezzlement. A forensic audit can also provide evidence of negligence, or establish how much alimony or child support […]

Forensic Auditing Tools

Forensic Auditing Tools

By DarienC, eHow Contributor   In many ways, forensic audits are very much the same as traditional financial audits. The tools and techniques used to conduct them are also similar, with the exception being that traditional accountants supposedly look “at” the numbers while forensic accountants look “behind” the numbers. Forensic auditing is often done in […]

How to Write a Forensic Audit Plan

How to Write a Forensic Audit Plan

By Paul Merchant, eHow Contributor A forensic audit is an examination of an organization’s or individual’s economic activities, resulting in a report designed especially for use in a court of law. Forensic audits are often associated with investigations into alleged fraudulent activity. Forensic audits are used whenever attorneys and law enforcement agencies are seeking reliable […]