Home › Archives ›

July 2014

Forensic Audit

john wrote on July 13, 2014 - 12:31pm
in

john wrote on December 20, 2010 - 11:57am
in asset misappropriation corruption fraud investigation
TO: FH
FROM: Dr John Vong

I know that you are anxious for some notes on this subject. Parts of the write-up were obtained from a technical paper published in Sept 2008 by ACCA UK, a very established accounting body.

The process of conducting a forensic audit is, in many ways, similar to the process of conducting a normal financial audit, but with some additional considerations. The main stages are described in brief below.

Accepting the audit

Samsung misses analyst estimates, reports $7.1 billion in operating profit for Q2

hoieshoosn wrote on July 8, 2014 - 3:51pm
in

After warning earlier this month that Q2 didn’t “look too good,” Samsung today released its earnings preview for the second quarter of 2014. The South Korean company reported an operating profit of $7.1 billion (7.2 trillion won), missing analyst estimates of $8 billion (8.1 trillion won). This comes out to a 24 percent drop year over year (via Bloomberg).