FORENSIC AUDIT Definition

Bookmark and Share

FORENSIC AUDIT is an examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court. An example would be a Forensic Audit of sales records to determine the quantum of rent owing under a lease agreement, which is the subject of litigation.

Learn new Accounting Terms

UNFUNDED COMMITMENT is, as of any date of determination, the sum of legally binding calls upon current or future assets to where the assets or sums have not been identified or set aside to satisfy the commitment.

INDEX STOCK is a security listed on a stock index. See STOCK INDEX.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.