Forensic Audit
Ensuring Transparency and Trust: Conducting Forensic Audits to Uncover the Truth Behind Your Finances.
Forensic Audit Services
Does the term “forensic audit” make you uneasy? Don’t worry, Adam Global has your back. As one of the premier business setup advisories in Dubai, UAE, we offer a range of expert services to support your business operations, including forensic audits.
What is a Forensic Audit?
A forensic audit, in simple terms, is a thorough investigation and examination aimed at uncovering fraud, theft, or inaccuracies in financial records. This type of audit goes beyond the typical scope of regular financial reviews, focusing on identifying illegal financial activities and providing evidence that can be used in legal proceedings.
When Might You Need a Forensic Audit?
Your organization might require a forensic audit if there are suspicions of:
- Fraud
- Theft
- Inaccuracies in account balances (both positive and negative)
Key Areas of Investigation
Forensic audits can uncover various types of fraud, including:
- Manipulation, falsification, or alteration of records or documents
- Misappropriation of assets
- Suppression or omission of transactions from records
- Recording transactions without substance
- Misapplication of accounting policies knowingly
These audits are not limited to detecting financial fraud but can also be essential in resolving disputes related to bankruptcy filings, business closures, and divorces.
Why Choose Adam Global?
At Adam Global, our team of forensic auditors are specialists in forensic accounting. We meticulously analyze financial records to identify any illicit activities and provide concrete evidence for legal proceedings. Our expertise extends beyond simple financial reviews, offering in-depth investigations that can help resolve complex issues such as:
- Financial crimes
- Commercial disputes
Our firm acts as an independent third party, providing an unbiased perspective on the financial health and practices within your organization. With Adam Global, you can trust that your forensic audit will be handled with the utmost professionalism and expertise.
UAE's Fraud and Fraud Prevention
- UAE ranks second in the world's law and order index and is one of the world's safest places to live and work.
- Wealth often leads to criminal activity, attracting people to shady activities for quick gains.
- The UAE government established Penal Code Article No. 399 in 1987 to combat fraud.
- Businessmen should be aware of fraud to prevent being victims or practicing it.
- Even small fraudulent activities can damage a company's reputation if caught.
- Companies may fall victim to suspicion from shareholders, but not always.
- Forensic audits are required when businesses need to find evidence, determine root causes of financial errors, and ensure compliance with the law.
- Errors in data samples may not always indicate fraud, but could be due to faulty procedures or innocent errors.
Call us or visit our office.
Contact us today to learn more about our forensic audit services
and how we can assist in safeguarding your business against financial discrepancies and fraud.
