Forensic Audit

Forensic audit is a one-time execution of intensive forensic analysis by an independent third party (auditor, audit firm). Audit is contrary to this form of analysis as this is more intense and always performed by an independent person. The result is evidence in the form of audit report designated usually to a court or investigative bodies.

Forensic audit in practice: Forensic audit is used for an intensive investigation of an incident, discovery of fraud or unlawful conduct. Unlike other audits, forensic audit is focused on finding the culprits and fraudsters. Forensic audit can be carried out in various areas, most often:

• Forensic accounting - focused on the detection of accounting fraud
• Forensic audit of property management - focused on the detection of fraud in the management of assets (particularly in large companies)
• Forensic audit of corruption - focused on corruption discovery
• Forensic audit of public procurement - focused on transparency of public procurement
• Forensic audit of connections between subjects - focused on illegal linking of organizations in trade
• and more

Forensic audit takes place roughly in the following steps:

• Definition of forensic analysis objectives, problem definition
• Selecting methods of forensic analysis and identification of objects of evidence
• Physical securing of objects of evidence
• Choosing exploring technique of the analysis subject
• Analysis of the data (visualization, decryption, breaking passwords)
• Interpretation of results
• Documentation and presentation of forensic analysis