Forensic Audit refers to fraud investigation and is quite in demand for fraud investigation and examination services. The forensic audit consists of tracking & investigating the matters related to fraud, financial crimes & commercial disputes. It also looks into the root and causes of financial errors, alleged employee fraud, reduction in company revenue, increase in cost and other operational matters. Forensic auditing is required when there is fraud or crime in the business. This may involve shareholders, management, partners themselves indulging in fraud. Forensic auditing requires deep knowledge in the field of accounting and auditing and is generally applied for financial frauds.
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