More than being a statutory requirement an IS Audit is recommended for organisations relying heavily on technology, like using an integrated ERP System, software programs for operations, etc.
While implementing a new ERP System, utmost care is to be taken while migrating data from legacy system to the new system for ensuring a smooth transition without hampering the ongoing business processes.
Forensic Audit or Investigation services focuses on a specific fraudulent event. Fraud investigations often entail interviews of personnel who had access to funds or data and a detailed review of the documentary evidence. However, the same may also be performed without alerting the suspect.