Fraud Detection Audit.
When you suspect fraud, or want to test whether it could be happening, a forensic review gathers and analyses evidence in a way that can stand up to scrutiny. We work under the ICAI's Forensic Accounting and Investigation Standards, using data analytics, document examination and interviews, and report facts and findings; legal conclusions remain for your lawyers and the courts.
Scope dependent, typically 3–8 weeks. The period under review, data volumes and access to people and records drive the time.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Businesses with a specific suspicion, complaint or whistle-blower report
- Companies seeing unexplained losses, stock shortages or falling margins
- Boards and audit committees responding to an auditor's fraud observation
- Owners wanting a proactive fraud-risk review of high-risk processes
What you receive at the end.
- 01Forensic findings report with supporting evidence
- 02Quantification of loss, where it can be measured
- 03Analysis of the control failures involved
- 04Recommendations to prevent recurrence
Fraud Detection Audit, step by step.
Scope dependent, typically 3–8 weeks. The period under review, data volumes and access to people and records drive the time.
- 1
Scoping and hypotheses
We agree the allegation or risk, the period and the questions to answer, and set out the fraud hypotheses to test.
- 2
Evidence preservation
We secure books, emails and system data with a documented chain of custody before analysis begins.
- 3
Data analytics
We test ledgers and transactions for duplicates, unusual patterns, related vendors and overrides of controls.
- 4
Documents and interviews
We examine source documents and interview the relevant people, recording what is said.
- 5
Findings report
We report what happened, how, the amounts involved and the control failures that allowed it.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Description of the suspicion or complaint
- Access to the accounting system, ERP logs and audit trail
- Bank statements and vendor and employee master data
- Relevant contracts and purchase and sales documents
- Email or document repositories, where you authorise access
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Fraud Detection Audit.
Ready to discuss Fraud Detection Audit?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.