Regular audit vs Forensic audit

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3 Points Posted on 22 July 2021
What's the difference between forensic audit & regular audit?
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On 22 July 2021 at 12:09 Report
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Quick Summary
A regular audit primarily aims to provide assurance that financial statements are true and fair. In contrast, a forensic audit delves deeper to investigate specific transactions, uncovering any potential fraud. While a regular audit offers general financial statement verification, a forensic audit is a more specialised investigation.

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Chartered Accountant
24588 Points Posted on 22 July 2021
One of the main difference between both of them is that, the audit gives you the guarantee that the financial statements that have been checked are true and fair and are reasonable and forensic audit helps to analyze and investigate a certain set of transaction that if any fraud has been occurred
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On 22 July 2021 at 12:22
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Chartered Accountant
86505 Points Posted on 23 July 2021
Detailed clarification available on below link:

https://www.google.com/amp/s/riskprolearning.com/distinction-between-audit-and-forensic-audit/%3fv=6c8403f93333&
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On 23 July 2021 at 06:39

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