Fraud Auditing

Our experience shows...
Fraud Auditing is the application of audit procedures to a population of business transactions in a manner to increase the propensity of identifying fraud in core business systems. The goal is to identify fraudulent transactions that warrant an investigation.

CLIENT ENGAGEMENT

Objective:
Uncover and identify fraudulent transactions in core business systems.

Results:
In five days, shell corporations were found in accounts payable. Revenue was overstated by $1 million dollars through journal entries.