Forensic Audit
Fraud Investigation
Forensic audit or fraud investigation is not a new concept, the demand for fraud prevention & examination services is getting high because of the modern world crime.
Gnosis is a Forensic auditing firm in Dubai, UAE listed with free zones & banks. We offer fraud investigation & forensic auditing services to assist companies in investigating financial fraud with documental evidence.
Planning the Audit Investigation
i. Detailed and proper planning is must attain the objectives of Investigation
ii. Methods and techniques to be wont to be structured
iii. the amount during which the fraud has occurred to be identified
iv. Quantification of monetary loss suffered
v. Identifying controls & system gaps for the explanation of fraud
Collecting Evidence
i. Evidence gathered by the investigation team must provide the identity of the fraudster
ii. Evidence should be arranged in sequential order making it easy for the court to know
iii. It should help in revealing the small print of fraud and the corresponding loss
iv. Evidence should be concrete and will not be altered or modified
v. Evidence should be preserved and kept safe from any possible damage or attack
Reporting
i. The report should clearly mention the scope of the investigation
ii. Complete details on identified fraud
iv. Flow or explanation on how the Fraud was planned and perpetrated
v. Recommendations & suggestions on the way to avoid such frauds
Presentation in Court of Law
i. It’ll be the duty of the Forensic Auditor to present to Court the evidence collected and supply an evidence on how suspects were identified
ii. to elucidate complex accounting matters during a simplified approach
iii. Provide all the specified support by Court on the investigation done
How our Forensic Audit Services will help?
We help our clients take immediate and decisive action that can help prevent, detect and respond to potentially contentious or harmful situations.