Investigation Report Audit
For financial misconduct, fraud, or embezzlement, the police department will first ask for a UAE-approved auditor “Investigation Report” in Arabic Language.
Al Fakher Accounting, being an approved auditor, can provide such reports with the modus operandi of the act (financial misconduct, fraud, or embezzlement), the supporting documents along the internal control support/deficiencies, so the legal authorities can make a proper decision based on the Auditor/Third-Party Report.
Why is an Investigation Audit Report Required?
Investigation audits are required to determine the precise extent of suspected fraudulent activities or any other irregularities by meticulously uncovering and gathering evidence of financial misconduct, fraud, embezzlement, or any suspected irregularities in financial activities that are carried out in response to specific suspicions or allegations of wrongdoing within an organisation.
Our investigation report helps businesses to:
Identify the areas affected by the fraud.
Identify the gaps in the internal control systems that are exposed to fraud.
Assess the actual loss incurred in terms of financial and non-financial aspects.
Serve as a foundation for legal proceedings against individuals or entities implicated in financial misconduct (if any).
Help take disciplinary measures or re-establish other remedies against weaknesses in the internal control systems to avoid future occurrences of fraudulent activities in the future.
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Who initiates an Investigation Audit?
Generally, businesses in the UAE hireAl Fakher Accounting’s investigation report services when they suspect activities such as:
Corporate fraud
Allegations raised by whistle-blowers
Misappropriation of assets
Violation of regulations
Inappropriate business relationship
Fraudulent financial reporting
Transactions that are suspicious
Corruption and bribery
Key Objectives of Investigation Report Services
Businesses generally hire Al Fakher Accounting’s investigative report services in the UAE to achieve the following goals:
To detect the suspected fraudulent activities
Assess the damage caused by fraudulent activities
Quantify the financial and non-financial losses
Uncover and gather evidence to support legal or disciplinary actions
Damage prevention
Our Steps in Investigation Audit
Al Fakher Accounting’s investigation auditors conduct the investigation audit by carrying out the following steps:
Case assessment to study the types of suspicious activity and parties involved
Setting up a team
Setting the timeline and strategy
Interview of employees, members of the organization, or external parties (if required)
Collecting evidence and supporting information
Detailed examination and due diligence
Matching the responses collected from the interview with the evidence gathered
Identification of gaps or differences
Compile the investigation report