Forensic audit is well establish demand of today business when control over business activities and transaction control are weak. The BAMS Lahore has well trained team to examine business matters under umbrella of Forensic audit experts. A forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims.
Why it is conducted?
Forensic audit investigations are made for several reasons, including the following:
In a Forensic Audit, while investigating fraud BAMS Lahore should look out for
Conflicts of interest
The BAMS LAHORE team is act on behalf of client on common misappropriation of cash, raising fake invoices, payments made to non-existing suppliers or employees, misuse of assets, or theft of Inventory which are operational nature of fraud.
Financial statement fraud
Companies get into this type of fraud to try to show the company’s financial performance as better than what it actually is. The goal of presenting fraudulent numbers may be to improve liquidity, ensure top management continue receiving bonuses, or to deal with pressure for market performance.
The BAMS LAHORE is also actively investigate and gather evidence for fraudulent financial statements specially prepare in partnership business or investment by salient partner.
The BAMS Lahore is registered firm to perform forensic audit in Lahore, Karachi, Islamabad, Sialkot, Faisalabad, Gujranwala and Peshawar