Forensic Audit - Strengthening the Banking System

Abstract

In any forensic audit assignment gathering data and information is the most difficult task. Major hindrance in conducting forensic audit is collection of required data or information. Requirement for information or data changes as the audit progress. Some information/data gets difficult to obtain due to resistance from those who have access to such data/information. Sometimes legal remedies have to be taken to obtain the data/information for completing the forensic audit assignment. Since most of the data in any bank is maintained on computers and servers, knowledge of computer forensics has become important for a forensic auditor. Forensic audit reports does not contain opinion of the forensic auditor, it is always based on facts and documentary evidence that can be scrutinized in courts. Since such report can be submitted in court and be a basis for a court case, it should be precise, conclusive and must be error free.