The Function Of The Forensic Audit, The Attitude Of The Auditor, The Effectiveness Of The Auditor Procedures, The Auditor's Experience, and The Auditor's Ability to Identify Fraud In a Company

Abstract

Fraud, which includes financial statement manipulation, asset misuse, and corruption, is a serious problem that jeopardizes corporate continuation. Using descriptive qualitative research methodologies, this study evaluates literature from a variety of scientific papers and pertinent research reports in order to investigate the function of forensic auditing in identifying and preventing fraud. The material from numerous scientific publications and pertinent research reports is reviewed in this study. This study examines a number of publications about forensic audits, auditor attitudes, audit technique efficacy, experience, and the capacity of auditors to identify fraud. Investigation-based forensic auditing contributes to the methodical discovery, examination, and presentation of fraud evidence. Results indicate that the use of information technology, organized processes, and experienced, ethical auditors all contribute to successful forensic audits. Forensic audits can reduce the risk of fraud by comprehending important elements including pressure, opportunity, and rationalization (the so-called "fraud triangle"). In order to enable more effective fraud prevention, this research highlights the significance of enhancing the caliber of forensic audits through auditor training and development