Chartered Accountants

Special Purpose Audits and Investigation Audits. We conduct this type of audit wherein the clients require unearthing any fraud or financial impropriety existing in his organization. Suggestions for remedial actions shall follow suit. Investigative auditing is a unique area of expertise in auditing dealing with the prevention and quantification of fraud, embezzlement and mismanagement of financial and operational activity. Investigative auditing uses a variety of methodologies to test suspected discrepancies in operations or the existence of financial irregularities, embezzlement or illegal uses of funds or other company resources.

The functions of the investigative auditor including examining the organization’s financial processes, conducting a survey regarding exposure to fraud and embezzlement, verifying identification of the discrepancy and determining whether it is a mistake or real fraud, analyzing how the fraud was carried out, quantifying the damage caused to the organization as a result of the fraud, examining organizational processes in order to prevent future errors or fraud when control mechanisms are implemented, and submitting opinions based on the findings of the investigation. Investigative auditing is appropriate for business entities, local authorities and other government and municipal agencies and often constitutes the basis for police investigation and legal proceedings. Our firm provides investigative auditing services, including:

• Examination of financial and operational processes in the organization
• Exposure surveys regarding embezzlement and fraud
• Providing expert opinions regarding embezzlement and fraud
• Implementing control and enforcement mechanisms
• Preparation of financial and accounting investigations
• Development and implementation of an anti-fraud plan
• Performing special tests for credibility of information systems and information security
• Arranging audit tests to examine the functioning of internal control systems and identifying any gaps
• Performing accounting and taxation due diligence for the purpose of exposing any risks involved in mergers and acquisitions, investments and other business activities.

An investigative audit is the same as a forensic audit. In forensic auditing, accountants with specialized knowledge of both accounting and investigation seek to uncover fraud, missing money, negligence and/or malfeasance. When fraud or theft is uncovered, the investigative auditor compiles evidence and is often asked to testify if the individual responsible for the theft is eventually prosecuted.