Replies to post #32639 on Anything Technologies Media Inc. (EXMT)

[goodolboy]

Wrong. Certified audits are as close to forensic as it gets. CPA's aren't willing to risk their license to sign off on fraudulent returns. Had you looked at Enron, you would have seen it caused the collapse of one of the largest accounting firms at that time.

Try again.

[samplescave]

YIKES!!! There are several “levels” of corporate audits.
Basic Audit.
Certified Audit.
Forensic Audit.

Shareholders would consider themselves extremely lucky
when a Pink Scam like EXMT performs a Basic Audit.

A Certified Audit would allude to the possibility of Cleaning House
or an Up Listing of sorts. (EXMT will never do this)

A Forensic Audit would be something possibly needed for a
Law Suit or Court Proceedings ie., and such as FRT#??? ;)



https://www.investopedia.com/terms/f/forensic-audit.asp

_________

What is a Forensic Audit?
A forensic audit is an examination and evaluation of a firm's or individual's financial information for use as evidence in court. A forensic audit can be conducted to prosecute a party for fraud, embezzlement, or other financial claims. In addition, an audit may be conducted to determine negligence or even to determine how much spousal or child support an individual will have to pay.

How Forensic Audits Work
Forensic auditing is a specialization within the field of accounting. Forensic auditors often provide expert testimony during trial proceedings. Most large certified public accounting (CPA) firms have a forensic auditing department. A forensic audit covers a wide range of investigative activities. The process may also include serving as an expert witness in a fraud trial. It could also cover situations that do not involve fraud or embezzlement, such as disputes related to a bankruptcy, business closures, and divorces.

Don’t worry. Rick can’t pay for this!!!!

How much do forensic accountants cost?
That depends on the complexity of the work
but most forensic accountants require a
deposit of $3,000.00 to $5,000.00 just to get started.