Statutory audit versus forensic audit: impact on financial performance and position of the company. Evidence from Bangladesh

Ing. Hasnatul Noor E Rabbi

Diplomová práce

Anotace:

This thesis contains the audit procedures and the difference between statutory and forensic audits. It implies the importance of the internal control of a company. The theoretical part also explains the major accounting cycle. Based on the fraudulent activities some audit tests were carried out and later the impacted accounts were identified. To check the financial impact for the frauds various ratio analysis were conducted and compared with the statutory and forensic audit outcomes. To check the bankruptcy risk Z-score analysis was performed at the end. This study culminates with providing a set of recommendations for the companies in Bangladesh to prevent similar fraud cases identified in this study in future.

Abstract:

This thesis contains the audit procedures and the difference between statutory and forensic audits. It implies the importance of the internal control of a company. The theoretical part also explains the major accounting cycle. Based on the fraudulent activities some audit tests were carried out and later the impacted accounts were identified. To check the financial impact for the frauds various ratio analysis were conducted and compared with the statutory and forensic audit outcomes. To check the bankruptcy risk Z-score analysis was performed at the end. This study culminates with providing a set of recommendations for the companies in Bangladesh to prevent similar fraud cases identified in this study in future.

Keywords

Internal Control, Statutory Audit, ISAB, External Audit, Corporate Governance, Forensic Audit, Fraud, GAAP

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 16. 5. 2022

Obhajoba závěrečné práce

• Obhajoba proběhla 22. 6. 2022
• Vedoucí: Ing. Oleksandra Lemeshko
• Oponent: doc. Ing. Jana Vodáková, Ph.D.

Masarykova univerzita

Ekonomicko-správní fakulta

Magisterský studijní program / obor:
Finance / Finance