Question

An examination of a company's financial records to derive evidence which can be used in a court of law or legal proceeding is known as ________

Q: Answer-An examination of a company's financial records to derive evidence which can be used in a court of l...

A forensic audit is an analysis and review of the financial records of a company or person to extract facts, which can be used in a court of law. Forensic Audit is to conduct investigations, in case of embezzlement, financial misconduct, contract non-compliance and other fraud cases. The role of Forensic auditors is to identify the perpetrators of financial theft and frauds including tracing money laundering, identifying illegal unethical activities as well as tax evasions.