Forensic audit definition

Forensic audit means an examination and evaluation of financial in formation of an institution or an individual;

Forensic audit means the presentation of information in the form of a financial statement that is performed in accordance with the Statements on Standards for Accounting and Review Services issued by American Institute of Certified Public Accountants by a certified public accountant licensed or with practice privileges in Maryland pursuant to Title 2 of the Business Occupations and Professions Code that is prepared in accordance with the Professional Standards of the American Institute of Certified Public Accountants, and in the case of a publicly

Forensic audit means an audit commenced pursuant to Regulation 30, Schedule III, Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI LODR Regulations”), which are initiated with the objective of detecting any mis-statement in financials or mis-appropriation/ siphoning or diversion of funds.

Examples of Forensic audit in a sentence

• An exploratory study, it primarily highlights the causes of NPAs in banks during appraisal, sanction and disbursal and post disbursal stage and the role of Forensic audit in controlling NPAs. Data was collected through survey sampling and information was obtained through Questionnaire.

• They were also asked about the role/importance of Forensic audit in reducing/controlling NPAs in Banks.The data was analyzed and percentages were computed to quantify the weight of the variables.

• This Affidavit is a Contract, and if you shall ignore this Affidavit by not responding by the terms, you agree to pay $10,000 per day if you fail to immediately make provisions for a Forensic audit.

• Forensic audit was conducted to ascertain the reasons for account turning bad and as such the branch initiated Audit by appointing a CA firm to conduct the same.

• Forensic audit methodologies can be used to obtain a more detailed understanding of the entity and its activities to identify areas of risk both in determining the direction of the audit and in expressing an opinion.

More Definitions of Forensic audit

Forensic audit means an examination and evaluation of a Entity's or individual's

Forensic audit means an audit conducted in a scientific fashion and in greater depth and

Forensic audit means audit aiming at prevention and detection of irregularities, such as fraud, embezzlement and corruption, and application of auditing skills to situations that have legal consequences;

Forensic audit means an audit conducted in a scientific fashion and in greater depth and specificity than the annual independent audit required by N.J.S.A. 18A:23-1, which is sufficiently thorough and complete so that an accountant, in his or her independent professional judgment, can deliver a finding as to accounts, inventories, or the presentation thereof that is of such high quality that it would be sustainable in an adversarial legal proceeding, or judicial or administrative review.]

Forensic audit means audit aiming at prevention and detection of irregularities, such as fraud, embezzlement and corruption, and application of auditing skills to situations that have legal consequences; "generally accepted accounting principles" means accounting principles and procedures recognized by accounting professional bodies as appropriate for reporting financial information relating to Government,

Forensic audit means an audit directed at specific cases of suspected or actual irregularities such fraud, theft, embezzlement, mismanagement of funds and similar others crimes;

Forensic audit means the forensic audit to be carried out by Qualified Consultant(s) in accordance with the Order and described in more detail in Section 2.7.4 of the Order.