Page 247 - AAA Integrated Workbook STUDENT S18-J19

Forensic audits

The accountant should also:

 Confirm that the investigation team will have full access to the information
required, and are able to discuss the matter with the police without fear of
breaching confidentiality.

 Confirm the output of the investigation and to whom the report will be
addressed. It should be clarified that the report is not to be distributed to any
other parties.

 Confirm whether they would be required to act as an expert witness in the event
of a prosecution.

 Consider the resources and skills that will be needed to conduct the work. If the
firm has a forensic accounting department it is likely they will have staff with
relevant skills, but the specific type of investigation must be considered as each
will be different.

3.3 Reporting

A basic report will include:

 a summary of the procedures performed

 a summary of the results of procedures

 any limitations in the scope of the engagement

 a conclusion.

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