The importance of extensive Due Diligence in Land Transactions
The importance of extensive Due Diligence in Land Transactions; Introduction Due diligence is a phrase used in land transactions and entails establishing the identity of the proprietors of the land, the actual size of the land, whether the land is encumbered, whether the property exists, and whether or not the ownership documents are in order. […]
Teeming and lading – accounting for the miscounted
Teeming and lading – accounting for the miscounted Introduction; In the world of accounting and finance, issues of accounting fraud are a huge concern and can result in a distorted market where fraudsters drive out genuine businesses. Teeming and lading is one such form of fraud that accountants, managers, and business owners should keep a [...]
When should you consider a Forensic Audit and when should you consider an Internal Audit?
When should you consider a Forensic Audit and when should you consider an Internal Audit? Forensic audits entail the examination of a firm’s financial records to identify irregular activities while internal audits involve the independent and objective assurance of an organization’s operations. An organization should consider a Forensic Audit where: – There is suspicion of […]
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