Forensic audit and financial audit are two frequently used terms in the Indian financial and accounting industry. However, both of these terms have different meanings and objectives. A financial audit is an independent examination of a company’s financial statements with…
Forensic audit and external audit are two important processes used to identify and investigate frauds and other financial irregularities in organizations. In India, both forensic audit and external audit are conducted by professional auditors who are certified and licensed to…
Risk audit and forensic audit are two separate audit processes that are often confused yet have distinct differences from an Indian perspective. Risk audit is a form of audit that focuses on evaluating the risk of a business or organization…
Forensic reports and financial statements are both important documents used in the financial world. They are both used to assess the financial status of an individual or organization and can be used in criminal investigations. However, there are key differences…
Forensics is a field of study that focuses on the collection, preservation, and analysis of evidence to be used in legal proceedings. In India, the terms “audit” and “investigation” are often used interchangeably in the forensic field. But, in reality,…
