In the corporate world, audits and forensic accounting are used not just to identify fraud, but also to provide important financial information and transparency to stakeholders. So how does this work? What is the difference between forensic accounting and auditing? And how do forensic accountants identify red flags?
Joe Brazel, Jenkins’ Distinguished Professor of Accounting, joined NC State’s Audio Abstract podcast to explain.
“A forensic audit typically occurs after the fraud has occurred as sort of a postmortem analysis of, how did this happen, where did this happen, who was involved and so on,” he said.
Listen to the full episode from NC State’s Audio Abstract.
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