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FORENSIC

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AUDIT
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Forensicaudit GExpertwitnee.es Forensicprocedures
It the court to forensic
is
facthiredfinding activity in which IF client
goes for proceeding against the In order
find facts of
the event
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a an
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auditor to details event suspect then Forensic Auditor will


perform procedures
find Auditor
is
of
an will
appear in court
.
.

It hit witness Procedures based


engagement Expert
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is an assurance .
as an •
are on scenario .

facts lgindings of Expert Eof Theftogwarehouse


Auditor include witness comments the the
report will on case on
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an
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event Review
basisghisknowledgeGanalyeisgco.se footage to
CCTV
in Forensic Audit .
b
identify suspect from it
Insider Review to
Theft Dealing matterstobediscussedwithmanagemehiepann.no# 2, CCTV
footage identify types of goods
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Fraud
Money laundering Forensic Audit stolen
Engagement
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Review to
-Bribe# blsetailojsuspicion
3, CCTV
footage identify tools used in

Outcomes
of forensic
Audit suspectedevent in view
of management theft that loss amount be predicted
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who
suspect management warehouse detail
btdetailsoganevent
is as
per 4,
Enquire manager about
of
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any suspicious activity
How the loss and
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of
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around them and
through reverse
working try
.

to estimate
Forensic
-Possibilitygincreaseink Auditor also has to
identify jaws in amount
of
loss
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ossuspects systemshconl.ro# of
stock similar to one

whichisstolen.inordertoestimatekf-C-uidence.es
Those involved
primiraly
who
rssanylimitationonscope
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to
against them
Any procedure which
management wants
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analysis of org systems 4sInvoluementoflaw-cryorcementh-gena.es#


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G controls that IF LEAs also involved then


expert comments are
scope of
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Forensic Auditor to
what
flaws resulted in
fraud
.
needs be
clarified
This helps to avoid such events Involvement availability
org of
LEAs
of
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increase

evidences
ingot
5Recommendation_ esscourtproceedings
Based to
Expert skills forensic Auditor If
management plans go for
court
proceedings
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on
,

advise / recommendation then Forensic Auditor required to


gives
an
for will be

include
improvement systems lawyers team
in
in G controls .

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bTitlegRep -

If an Auditor
performs
forensic audit and Annual -

Forensic Audit Report audit both


for client then it will create
Forensically :
Entire
activity of fact finding done
-

same
,

-TomakethereportidentifiabkJorus# Self Review threat .


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Auditor will
by
called
Expert is Forensic
Accounting Aim of doing .

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Zsttddressee calculate amount
of loss which will be recorded
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find
details
relating
To # specific user →
management by management
in Fs This will then be audited event
Eg events include fraud
Theft Insider
Dealing
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is
specified so that Directors Insurance
by
auditor himself
during
ft audit As auditor
money laundering Accounting includes two
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.
is
, .

usersgreportgetrestricted.CI auditing his own work :


o self Review threat will
phases in which
facts of event an are
found
:

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detail about the Forensic
of
issue
gives One the outcome Audit that
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whichForensicauditwasbeingdon# Forensic Auditor


appears
in court as an
Expert Forensicauditing It first phase of Forensic: is

lbproceduresperyormedandtheirresults witness on behalf


of
client If . that client is also
Accounting when Forensic

evidences
Auditor uses
Auditing
gather
what the activity to
findings of Forensic audit audit client then it will create Advocacy skills
relating to event
were
-

an an .

GwhatproceduresleadtothoseJindin# threat
for auditor
,
as auditor will be
representing Skepticism level is
kept at reasonable level and aim

hisclient.is to to
5limitationone.co#
gather details relating event .
Audit procedures
Enquiry Inspection
Forensic
Any procedures which restricted
by In order to do Audit
greater audit
skills such
confirmations Review Recalculate G
-

were -
as .
,
,

to
management are required as
compared normal
areperyorm#
.
.

forensic auditor
specifies
those procedures so
Investigation skills are also
required along with
Forensicinuestigation : It is second
phase of
-

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This creates cut -

off of responsibility for


events
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ajterthatdate.ee
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sales
they lucrative
Enquire suspected
that
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agent how

paid
gain
customer contracts .

As bribe is
being therefore they will

::i÷÷÷÷÷
customers and
investigate
them as
they may also be

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Review contracts G done suspected with
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correspondence
customers as their contracts will either be incomplete 012
containanyabnormalclause.ae/hosecustomerswerebribe

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