A Review of Forensic Audit

Forensic audit is considered to be an application of methodologies and technologies by an independent entity used to obtain a detailed understanding of the underlying economic risks facing an organization. Forensic audit services can significantly help in the detection, prevention as well as reduction of incidences of fraud in and businesses. Consequently, forensic audit was adjudged to be an efficient and effective tool against corporate fraud. The review also includes various other methods of fraud detection or bubble testing apart from forensic audit.