© D.L. Crumbley
Comparison of Auditing and Forensic Examination
Proof to support or refute an allegation of fraud.
Fraud examination techniques include document examination, public record searches, and interviews.
Audit techniques applied primarily to financial data.
Affix blame: determine if fraud occurred and who is responsible. Adversarial in nature.
Opinion: express opinion on financial statements
Specific: the fraud examination is conducted to resolve specific allegations.
General: collection of sufficient, competent data to support the opinion rendered.
Nonrecurring: fraud examinations are nonrecurring. They are conducted only with sufficient predication.
Recurring: audits are conducted on a regular basis