The Difference between Auditors and Forensic Accountants | Uncover Fraud

You think an auditor and a forensic accountant are the same? Let me tell you that they are not. You might think you are safe because you have had an auditor come and look at your books once a year, but an audit is not looking at data in the same way as a forensic accountant.

In this video I am going explain the differences between auditors and forensic accountants. Explain the similarities between the two roles. Explain why CPAs in forensics are at risk and how compare the auditor and forensic accountant’s objectives, responsibilities, professional standards, and engagement terms.

Other Notable Differences
• Timing – Audits are planned periodically and on a recurring basis. Forensic
investigations are unforeseen, reactive and nonrecurring.
• Predication – A forensic investigation begins with an allegation or suspicion of fraud. The allegation or suspicion of fraud is not the basis of an audit.
• Obligation – Forensic investigations are typically conducted voluntarily
because a company has a suspicion or allegation of fraud. An audit is an
obligated engagement for which a company must hire an auditor to provide
an opinion on the truthfulness and fairness of its financial statements.
• Performance – An audit is performed by auditors who are CPAs. A forensic
investigation is typically performed by a multidiscipline team of experts that
often includes CPAs.
• Appointment – The appointment of an auditor is made by the shareholders of the company. A forensic accountant is appointed by the owners/ management, counsel or a third party.

About me: My name is David Malamed. I am an experienced forensic accountant and fraud investigator that has investigated, reported, testified and authored expert Forensic Accounting and Investigative reports accepted and used in civil, criminal and public inquiry proceedings.

Contact me at:
Call: 1(888) 777-4416

#fraudster #forensicaccountant #fraud

[rmn]

Love the information. I was hired as an accounting projectect analyst my CPA firm. I have always struggled to convay what I do and why it is important. Thank you for giving me the knowledge I need to better market my skills in the workplace.

[asimghafoor]

Clearly differentiated an auditor and a forensic accountant, thanks.

[almas]

I'm a chartered accountant student but i found your video to be very insightful thank you sir.

[Lukito_]

An in-depth yet understandable explanation of an old dilemma. Great Job David!

[rohansharma]

Very thoroughly put and detailed. Glad to have watched the video as it cleared some important concepts about the auditors and forensic accountants.

[charlesoparah]

Great video Dave. Do you have any books to recommend? Thank you

[jaimealvarez]

Hi David, at 4:57 Fraud. Isn’t it always the case when banks says that they(the banks) are going to lend you money, loans, credit cards, mortgages etc. when most people know that banks don’t lend anything but credit which is in their charter which is straight out fraud. Have you seen the 2046 balance sheet, FAS 125, 133, 140, 95?
This I believe is where the forensic paper trail should start. Thanks David 🙏👍

[silviucherloaba]

This can also help out in global call centers maybe, I regret not submitting this type of video or content in my gwc online class.

[melikzhu]

Hi David, I am in the midway of my CPA exam. After watching your video, I'm quite interested in being a forensic accountant. I have a business degree with a concentration in accounting, and I did data science in grad school (machine learning and pattern recognition). Do you think forensic accounting would be the right vehicle for me? And what are the core skills that are required if I want to be a forensic accountant after finishing the CPA exam?

[wardhaarif]

hi mr david the vedio is quiet informative and helpfull and easy to understand the topic

[gregppp]

Hi David, loved your video. Is it suitable to request the personal bank statements of the owners (majority shareholders) if there is a belief that they are hiding company money in personal accounts? Or are personal bank statements outside of what I could ask for?

[pacificreef]

Hi Dave, I am on my journey of becoming CPA and forensic accounting sometime interest me...

[apoorvkhera]

Could you please suggest a suitable certification/degree for Forensic accounting, considering the person is already a Chartered Accountant ?

[LoveAlways]

I do this for fun when someone gets on my nerves. Been doing it since i was 15. Its been my experience that when someone shows you who they are BELIEVE it... It also shows in their finances as FRAUD...

[bartolomeestebanmurillo]

Hi David, I was wondering what's the difference between a Forensic accountant and a Fraud Examiner? Is it inherently dangerous work? Informative video btw!

[akshayshah]

Sir, In india generally standard for audit you have to qualify the chartered accountant exam then you can participate as auditor.but now the new filled come in to picture as forensic accounting but in india what the chartered accountant association doing they change the name by forensic audit and hole authority is taken by CA. There is no scope of other students which are doing MBA course or other diploma course in forensic accounting.

[TejalLakhe]

What are the jobs of forensic investigation? And highest salary

[nikkyle]

Are UK qualifications enough to work towards forensic accountant.. Think I need to move to the next steps to make this a reality

[orvillecole]

Is digital forensic would relate in any way to these field or a complete different ares

[Firestriker]

I'd love to become an accountant but I don't have the money to go to university is there any way to become an accountant without a degree. Is a college diploma in business, marketing fine?