Forensic auditing
Forensic auditing differs from external financial auditing, which produces audited financial statements as required by law but does not necessarily reveal fraud or irregularities within the audited organization. Forensic auditing is conducted from the outset to ensure that the organization’s procedures are efficient enough to prevent fraud and irregularities. It also aims to investigate specific issues outlined by management, either to provide reassurance or to detect fraud and irregularities within the company.
It follows that internal auditing with investigative characteristics is primarily performed when there is reasonable suspicion of fraud or activities that go against the organization’s interests, or any other type of irregularity. While internal audits generally assess the efficiency of processes and work procedures, forensic audits are goal-oriented, highly focused, and contain investigative elements.
Our firm, Michael Weizman & Co. – Certified Public Accountants, has extensive experience in conducting forensic and internal audits for various entities, including business clients, cooperatives, non-profits, and government offices. This includes carrying out forensic audits in complex national projects, performed by a broad team of auditors over many work hours. Our firm is registered as a specialist in both internal and forensic auditing in the Accountant General’s (AG) registry at the Ministry of Finance.
Given the breadth of our auditing department, which includes certified accountants with academic degrees in economics, we can conduct forensic and internal audits with immediate availability, at large scales, and throughout the year. This capability is independent of the workload involved in the routine financial statement audits performed by our department’s teams.
An accountant from our firm will be happy to assist you with this service. Contact us today for a no-obligation consultation.
