Audit & Assurance
Fraud Investigation Audit is necessary to fight fraud and is mandatory to identify the exact depth of committed fraud. It is also mandatory to identify the gaps that caused Fraud to occur. Fraud Investigation Audit would help a company to assess the actual loss suffered to the company in terms of financial and non-financial aspects. A detailed fraud investigation report with proper evidence can help with legal proceedings if carried out.
Fraud is forging records and documents to deceive others. It is generally against business and moral ethics which is at times done with a motive to take revenge on a specific person. Fraud is the biggest risk that businesses will face. It can have many negative effects such as financial loss, shame, and damage not to mention the loss of reputation. Fraud is conducted usually by vendors, employees, customers, etc. who are against the company to gain an undue advantage such as financial gain or simply an intention to ruin the company’s reputation in the market. Only with a minute inspection is fraud revealed.
Fraud can be classified as Civil or Criminal fraud. Here are different types of fraud that are done as per the nature and type of business. Some examples are:
Here are some of the benefits of a fraud audit service.
There is a very high demand for a skilled Fraud Examiner which is constantly increasing. There are a few things to keep in mind before using fraud Examination Audit services which include:
Reyson Badger is an auditing services firm in Dubai that provides accounting, auditing, software consulting, and management services. At Reyson Badger, we assist our clients in identifying suspected fraud by analyzing company controls, operations, and practices. Within a few days, we also generate a full fraud investigation report. We have been offering the best audit and assurance services in Dubai and other areas.