One major role of the external auditor is to ensure a true and fair of the financial statements. In line with this, is the going concern concept whereby it is critical that the continuing “survival” of the company be confirmed particularly if it has very high current ratio, gearing ratio and amount owing to its [...]

In my earlier article on how fraud can be committed, let’s us turn to a branch of accounting which focus very closely on detecting or preventing accounting fraud i.e. called Forensic Accounting. Interestingly, the word “forensic, will turn our mind immediately to the medical professions, whereby crimes are solved by examining dead bodies. We are [...]