Forensic Audit: Theoretical Insights and Practical Applications

Authors

  • Sandip Sinha Associate Professor Budge Budge College Kolkata

Keywords:

No Keywords.

Abstract

This article explores the application of key forensic audit theoretical frameworks across various industries. By examining the fraud triangle, agency theory, internal control theory, red flags theory, and compliance theory, the study highlights how these frameworks are utilized to detect and prevent fraud. The analysis provides insights into the practical implications of these theories in enhancing financial integrity and organizational governance.

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Published

2024-11-14

How to Cite

Sinha, S. (2024). Forensic Audit: Theoretical Insights and Practical Applications. The Management Accountant Journal, 59(10), 32–35. Retrieved from https://icmai-rnj.in/index.php/maj/article/view/173710

Issue

Volume 59, Issue 10, October 2024

Section

Cover Story

References

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ICAI. Standard on Internal Audit (SIA) 120 Internal Controls.Council of the Institute of Chartered Accountants of India.https://kb.icai.org/pdfs/57915iasb47192sia120.pdf

ICAI. Standard on Auditing (SA) 250 Consideration of Laws and Regulations in an Audit of Financial Statements. Auditing and Assurance Standards, Institute of Chartered Accountants of India. https://kb.icai.org/pdfs/ PDFFile5b3b4e2b880640.44200490.pdf

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