Compare forensic investigations and financial audits, Auditing

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Question 1:

"While their roles sometimes overlap, financial statement auditors and forensic accounting investigators tackle financial fraud issues from different perspectives, usually using different information that is documented in different ways for different purposes."

Compare and contrast forensic investigations and financial audits.

Question 2:

(a) Describe the term ‘fraud'.
(b) Explain, using appropriate examples, the types of fraud.
(c) Explain the root causes of fraud.
(d) Describe the precautionary steps that can be taken by organisations to deter fraudsters.

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