Forensic audits - level of assurance and reporting
In this lesson, you'll learn how forensic audits differ fundamentally from standard assurance engagements, and how to structure your reporting accordingly. Forensic audits operate on an agreed upon procedures basis, meaning you report factual findings rather than providing an assurance opinion.
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In this lesson
- 0:00 Forensic audit assurance and reporting overview
- 0:14 Why forensic audits aren't assurance engagements
- 0:24 Agreed upon procedures and factual findings
- 0:37 Forensic report structure and contents
- 1:10 Scope limitations and engagement conclusions
About this lesson
You'll discover what a forensic report must include—evidence summary, scope limitations, and conclusions—and understand why these reports are bespoke arrangements tailored to each engagement letter rather than following a standardised format. This is essential knowledge for the Audit and Assurance module, particularly when distinguishing between assurance and non-assurance engagements in exam scenarios.
Duration: 1m
Transcript
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