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Chapter 18

Forensic audits

Outcome

By the end of this session you should be able to:

 define the terms ‘forensic accounting’, ‘forensic investigation’ and ‘forensic
audit’

 describe the major applications of forensic auditing (e.g. fraud, negligence,
insurance claims) and analyse the role of the forensic auditor as an expert
witness

 apply the fundamental ethical principles to professional accountants engaged in
forensic audit assignments

 plan a forensic audit engagement

 select investigative procedures and evaluate evidence appropriate to
determining the loss in a given situation

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 18 of your Study Text

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