Forensic audit
A forensic audit is the examination of financial records to find relevant evidence that can be used in court or other legal proceedings. Its purpose is preventive action by testing the system of internal controls. A forensic audit can reveal:
- Financial fraud
- Bankruptcy fraud
- Fraud related to tax evasion
- Appraisal frauds
- Customer and supplier fraud
- Procurement fraud
A forensic audit is concerned with understanding and testing the system of internal controls to discover whether there are loopholes in the system that would allow fraud to occur. In this way, the forensic audit acts as a preventive measure.
If the fraud has already occurred, the forensic audit focuses on providing evidence for legal proceedings, conducting an investigation within the company, identifying the fraud and helping to avoid major losses related to the fraud, so that the damage is minimal. Forensic audit helps to prove or disprove the allegations and suspicions raised against the company.
We conduct forensic audits with the help of advanced software tools based on artificial intelligence – AI, which allow us to access the necessary data with the help of certain algorithms.
In addition to the above, you can use forensic audit services for:
- detailed analysis of your business partners and giving recommendations
- analysis of potential business cooperation and giving recommendations
- support during the procurement process in order to avoid fraud and achieve savings,
- preparation of normative-methodological documents aimed at establishing a strong system of internal control
- support when participating in negotiations with partners and potential clients
