Forensic audits cover a wide range of investigative activities. A forensic audit is often conducted to prosecute a party for fraud, embezzlement, or other financial crimes. In the process of a forensic audit, the auditor may be called to serve as an expert witness during trial proceedings.
Why Conduct Forensic Audits?
The purpose of a forensic audit can vary, but some common reasons for conducting one include the following:
Fraud investigation
A forensic audit may be conducted to investigate allegations of fraud or embezzlement.
Litigation support
A forensic audit may be conducted as part of a legal dispute to provide evidence in court or assist in settling a dispute.
Regulatory compliance
A forensic audit may be conducted to ensure that a company complies with laws and regulations or to assess the effectiveness of internal controls.
Due diligence
A forensic audit may be conducted as part of a merger or acquisition to assess the financial and operational aspects of the target company.
Forensic auditors in Dubai typically report their findings to the company's management and may also be required to provide testimony in court. The results of a forensic audit can have significant consequences for the company, including legal liabilities, reputation damage, and financial losses.
You need a team comprising a combination of accounting, auditing, and investigative skills to examine a company's financial records and transactions for evidence of wrongdoing. They may also interview employees, review documents, and perform other tasks as needed to gather information.
Why choose SPK auditors for Forensic Audit services in Dubai?
SPK Auditors' team in the forensic audit department has experienced investigators. We provide confidential personal feedback to our clients on a very regular basis. SPK supports companies in situations such as:
- Investigation of Facts.
- Forensic Technology Services.
- Anti-Money Laundering.
- Fraud prevention, Fraud Risk Management.
- Anti-Corruption Compliance & investigations.
- Investigation of Financial Reporting Fraud.
Our support in litigation, arbitration, and disputes provides you with a clear and independent report that can be used as a legal document in a dispute. Our forensic auditors support clients in litigation, arbitration, and disputes in the following situations:
- Civil claims
- (International) cases of arbitrage and giving evidence in court
- Shareholder disputes
- Calculation of damages
- Post-deal acquisition disputes
- Disputes on intellectual property
- Royalty license costs disputes
As experienced and professional forensic accountants, we are also very knowledgeable about setting up fraud prevention and risk management systems. We also provide training on compliance and ethics, both for top management teams and at executioner levels. Our consultants at SPK audits work on these issues daily. We are specialized in helping international companies to support them in litigation, fraud cases, and compliance issues.