Fraud and Forensic Audit

Fraud and Forensic Audit

In a fraud audit, one searches for the point where the numbers and/or financial statements do not mesh. It is a meticulous review of financial documents conducted when fraud is suspected. Some entities do them as a precaution to prevent fraud from happening and to catch it before the loss magnifies. A Fraud Audit however is not an Investigation. Fraud auditing is used to identify fraudulent transactions, not to figure out how they were created.

The integration of accounting, auditing and investigative skills yields the specialty known as Forensic Accounting. It is the study and interpretation of accounting evidence. It is the application of accounting methods to the tracking and collection of forensic evidence, usually for investigation and prosecution of criminal acts such as embezzlement or fraud.

SIGMAC & Co. have experienced and certified partner who have vast knowledge and experience in field of Forensic Audit and Fraud Detection. We believe that Forensic and Fraud Audit is also very important part from the Company point of view.