BINJOY Auditors L.L.C

Forensic Audit

Forensic Audit in UAE

Our Forensic Audits in the UAE involve a detailed scrutiny of financial records beyond standard auditing. While regular audits verify financial records, forensic audits investigate specific financial activities to uncover the truth. These audits are comprehensive and meticulous, aiming to provide conclusive evidence rather than persuasive findings.

Key Aspects of Forensic Audits

Professional Forensic audits, also known as investigative audits, use specialized accounting procedures to detect financial irregularities and trace the movement of assets and funds within organizations. Swift and effective action is crucial when addressing allegations or suspicions of fraud to safeguard a company's reputation and operations.

Reasons For Forensic Audit:

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery. Key areas of focus include :

  • Conflicts of interest– Personal gain at the expense of the company.
  • Bribery – Offering money to influence decision.
  • Extortion – Obtaining something through force or threats.
Asset Misappropriation

The most prevalent form of fraud, involving tactics such as:

  • Cash embezzlement
  • Inventory theft
  • Creation of fictitious invoices or payments to non-existent vendors
Financial Statement Fraud

Manipulating financial records to portray a more favorable financial position. Motivations include:

  • Securing bank loans
  • Gaining regulatory approvals by falsely adjusting liquidity ratios and reserves balances
Why Choose BINJOY for Forensic Audits ?

BINJOY specializes in conducting thorough top forensic audits services to uncover fraudulent activities and ensure regulatory compliance. Our expert auditors employ a range of tailored investigative procedures, including:

  • Detailed examination of financial records
  • Identification and tracing of asset and fund movements
  • Comprehensive analysis of transactions and documentation
  • Assessment of internal controls and identification of vulnerabilities
 Contact BINJOY

For expert forensic audit services in the UAE, contact BINJOY today. We provide thorough investigations to uncover fraudulent activities and ensure your organization’s compliance and integrity.