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What is the difference between forensic accounting and forensic auditing?

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Question added by Aden Maalim , Licensing Officer. , National Transport and Safety Authority.
Date Posted: 2013/07/27
mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Forensic Accounting and Forensic Auditing both are one and the same.Forensic Auditing is known in these two names one actually ,another colloquially.

 -Forensic Accountoing.

Mohammad Usman akhtar
by Mohammad Usman akhtar , Senior Accountant , GTA Accounting Professional Corporation

Audit is an independent examination of financial statements to give a reasonable assurance that they present a true & fair view.So audit is not forensic bcs its for going on companies.
Forensic accounting is a practice of reviewing the books of a failed business operation or fraudalent one in order to determine what went wrong, where cash left, how much cash left and how the fraud was committed.

SALIK RAFIQUE
by SALIK RAFIQUE , GM FINANCE , SWISS PRO MANUFACTURING CO.

Forensic audit is an audit of values.
And Forensic accounting is accounting of values  

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