When it comes to auditing, many of organizations consider it is as simply a statutory requirement for getting the financials examined by a certified accountant to ensure compliance However, this type of audit (financial audit) is just one of many other types of audits that any organization would undergo, Forensic audit is one among such audits which involves an examination of past financial records of an entity to detect any illegal action, manipulation in the books of accounts, siphoning of funds, etc. The forensic audit begins with the suspicion and doubt and ends with the performance of investigation procedures either to confirm the case or dispel the Suspicion.

Unlike financial audits which are focused more on statutory compliance, the forensic audits ore designed to investigate the financial records of an entity to derive evidences in support of fraud that can be used in court of law or legal proceedings. In general, Forensic Audit represents an area of finance that combines detective skills and financial acuity. The forensic audit professionals dig deep into financial reports, locate financial transactions and figure out what really happened of various companies and who is the real culprit behind any fraud which has taken place in the company.