Fearing frauds, auditors hire forensic investigators

During the Covid pandemic and on and off lockdowns, auditors are finding it increasingly difficult to verify bank statements, third-party sales orders and other documents on which sales, profits and general health of a company is determined. With several regulators already coming down hard on audit firms, the fear is also that if they do not raise enough red flags, they could be stranded with a fraud situation.

via Economictimes