FORENSIC AUDIT
A Forensic Audit is a detailed examination of financial records using investigative techniques to uncover evidence of fraud, embezzlement, or other financial misconduct, often with the intent of using the findings in legal proceedings.
Forensic Audit, unlike Statutory Audit is typically initiated in cases of employee fraud, embezzlement, disputes between parties, corruption, misappropriation of assets, etc.
Service Scope
Forensic Audit is a specialized engagement requiring specific skills and methodologies. The auditors at MBK investigate instances related to financial frauds and prepare reports as required by the Public Prosecutor. Our services are valuable when individuals or entities need to substantiate claims in a court of law or when a defendant has been erroneously charged.
Through systematic analysis of financial data, the intention of fraud or commission of misappropriation is established. The findings and evidence are compiled in a comprehensive report that can be utilized for internal investigations or legal proceedings.
Value Proposition
Selecting MBK Auditing means working with a firm that understands the complexities of UAE financial regulations and provides solutions to maintain business compliance and financial stability. The commitment to accuracy, efficiency, and transparency supports businesses in their financial management.
Benefits to Clients
- Provides litigation support to substantiate the client's claims
- Enables fraud detection and prevention through thorough investigation
- Serves as an effective risk mitigation framework for future incidents
- Ensures compliance with professional standards and ethical conduct
- Assists in dispute resolution or settlement negotiations
- Protects organizational reputation through proper investigation protocols
Registrations and Affiliations
- MBK Auditing LLC is registered as approved auditor in all major free zones in UAE including DIFC .
- MBK Auditing LLC is empanelled as auditor with major banking institutions in the UAE
- MBK Auditing LLC is registered as Offshore agent with JAFZA and RAKICC , the two offshore jurisdictions in UAE.
- MBK Auditing LLC is a member of GMNI , an association of legally independent accounting firms worldwide.
- Mr. Rajeev Kulkarni, Managing Partner is a qualified Chartered Accountant, registered with Ministry of Economy and Tourism (MoET).
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