Nature and purpose of forensic audits
You'll learn what forensic audits are, how they differ from standard assurance engagements, and why they require additional skills beyond traditional auditing.
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In this lesson
- 0:00 Forensic audits overview
- 0:30 Nature and purpose of forensic audit
- 1:01 Forensic accounting terminology explained
- 1:55 Procedures and additional expertise required
- 2:25 Types of forensic investigations
About this lesson
This lesson covers the nature and purpose of forensic investigations, the distinction between forensic auditing and forensic accounting, and the range of procedures involved—from evidence gathering and witness interviews to digital file recovery. You'll explore the different types of investigations forensic auditors undertake, including fraud cases, negligence claims, insurance disputes, and business valuations, and understand when and why organisations engage forensic auditors. This is essential knowledge for Advanced Audit and Assurance, equipping you to recognise forensic engagement scope and the specialist expertise required.
Duration: 3m
Transcript
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