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Forensic audits

Procedures: Fraud investigation

4.1 Objective of the engagement

 Identification of:

– the type of fraud that has occurred

– how long it has been occurring

– how the fraud was concealed

– the main suspects.

 Quantification of the financial losses.

 Gathering of evidence to support legal action/recovery of losses.

 Providing advice to prevent fraud.

4.2 Planning stage procedures

Planning stage:

 Determine the type of fraud that has taken place.

 Consider how the fraud could have taken place.

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