Authors :
Shreekumar Menon; Danish Mohd Farukh Shaikh
Volume/Issue :
MMK:ACE-2023
Google Scholar :
http://tinyurl.com/42hf5ek8
Scribd :
http://tinyurl.com/9edxhcyt
DOI :
https://doi.org/10.5281/zenodo.10477982
Abstract :
The research paper will examine the role of
forensic audit in detection and prevention of frauds in
any corporates. The need for forensic audit arises due to
failure of regular audit to detect deep rooted conspiracy
and well-planned financial frauds. The role of statutory
auditor is increasing with complexities in financial
transaction and added knowledge on forensic audit
would help them ian planning their audit endeavors. The
data collected was e analyzed using charts, graphs,
tables, the study found that most of the frauds were done
by insiders and forensic audit was very useful tool in
discovering and preventing this happening.
Keywords :
Forensic Audit, Financial Frauds, Accountants, Auditors.
The research paper will examine the role of
forensic audit in detection and prevention of frauds in
any corporates. The need for forensic audit arises due to
failure of regular audit to detect deep rooted conspiracy
and well-planned financial frauds. The role of statutory
auditor is increasing with complexities in financial
transaction and added knowledge on forensic audit
would help them ian planning their audit endeavors. The
data collected was e analyzed using charts, graphs,
tables, the study found that most of the frauds were done
by insiders and forensic audit was very useful tool in
discovering and preventing this happening.
Keywords :
Forensic Audit, Financial Frauds, Accountants, Auditors.
