09-26-2009, 10:47 PM
Thank you all for commenting.
Though I can find the definitions easily, what I haven't yet clearly understood is the difference between them.
The text book definitions are as follows
Forensic Audit The examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court.
Forensic Investigation Involve using specialized investigative skills to carry out enquiries conducted in such a manner that the outcome will have application to a court of law.
I understand that Forensic Audit and Forensic Investigation both fall under Forensic Accounting. But what distinguishes forensic audit from a forensic investigation? Both definitions essentially speak the same thing.
To put it in another manner, when will an activity be called forensic audit and when will it be called forensic investigation? or are they one and the same thing?
Though I can find the definitions easily, what I haven't yet clearly understood is the difference between them.
The text book definitions are as follows
Forensic Audit The examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court.
Forensic Investigation Involve using specialized investigative skills to carry out enquiries conducted in such a manner that the outcome will have application to a court of law.
I understand that Forensic Audit and Forensic Investigation both fall under Forensic Accounting. But what distinguishes forensic audit from a forensic investigation? Both definitions essentially speak the same thing.
To put it in another manner, when will an activity be called forensic audit and when will it be called forensic investigation? or are they one and the same thing?
