Fraud auditing and forensic accounting pdf

Copy and paste this code into your Wikipedia page. Need help? Fraud auditing and forensic accounting Jack Bologna. Donate this book to the Internet Archive library.

If you own this book, you can mail it to our address below. Not in Library. Want to Read. Check nearby libraries Library. Share this book Facebook. November 20, History. An edition of Fraud auditing and forensic accounting This edition was published in by Wiley in New York.

Written in English — pages. Subjects White collar crime investigation , Forensic accounting , Fraud investigation. Fraud auditing and forensic accounting: new tools and techniques , Wiley. Libraries near you: WorldCat. Borrow Listen. Download for print-disabled. Fraud auditing and forensic accounting First published in Subjects White collar crime investigation , Forensic accounting , Fraud investigation.

Places United States. Edition Notes Includes bibliographical references and index. Kabir Ibrahim. A short summary of this paper. Forensic auditing is relatively a new concept especially in developing countries like Nigeria. As such forensic auditing is an examination and evaluation of a firm's or individual's financial information for use as an evidence in a court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims.

Forensic auditing is generally acclaimed to be capable of preventing, detecting and controlling fraud. Forensic auditing is a specialization within the field of accounting, and forensic auditors often provide expert testimony during trial proceedings. Forensic tools, techniques and procedures conducted aid auditors in detecting abnormalities such as misstatement of financial facts, prevention and detection of fraud. Forensic audit techniques, tools and procedures are used to identify and to gather evidence to prove a case at a court of law.

Forensic auditing procedures target mostly financial and operational fraud, discovery of hidden assets, and adherence to federal regulations. In forensic auditing specific procedures are carried out in order to produce evidence. Audit techniques and procedures are used to identify and to gather evidence to prove, for example, how long have fraudulent activities existed and carried out in the organization, and how it was conducted and concealed by the perpetrators.

Evidence may also be gathered to support other issues which would be relevant in the event of a court case. Furthermore Forensic thinking is a mind shift where the auditor believes that the possibility of fraud or financial irregularity may exist and the controls may be overridden to accomplish that possibility.

Forensic thinking is used throughout the audit work i. According to Donald R. The vulnerability that an organisation has to those capable of overcoming all three elements of the fraud triangle is fraud risk. Fraud risk can come from sources both internal and external to the organisation. For a fire to exist you need to have fuel, oxygen, and heat. You could stop the fire by removing the fuel or removing the oxygen. You could also remove the heat to prevent or stop a fire.

According to Association of Certified Fraud Examiners, Fraud Risk assessment is a process aimed at proactively identifying and addressing an organization's vulnerabilities to internal and external fraud. Richard 1. Public document reviews and background investigations 2. Interviews of knowledgeable persons the witness and the accused 3. Confidential sources and informants 4.

Electronic and physical surveillance. Undercover operations 7. Analytical procedures Using of Ratio analysis, Trend or time series analysis , Horizontal and vertical analysis and use of 12 work-back ratios techniques to analyze financial statement. Forensic Data Analysis Forensic data analysis is the process of gathering, summarizing, comparing, and aggregating existing different sets of data that organizations routinely collect in the normal course of business with the goal of detecting anomalies that are traditionally indicative of fraud or other misconduct Donald, Benefits of Forensic Data Analysis The following are some of the benefits of using forensic data analysis tools and techniques; 1.

Can help identify potential control environment weaknesses. Can assist with the assessment of the effectiveness of existing anti-fraud and fraud risk management programs and practices.