List the major differences between Cyber Audit and Forensic Audit.

Difference between Cyber Audit and Forensic Audit S. No. Cyber Audit Forensic Audit 1 In Cyber Audit team of professionals conducts an organizational review to ensure that the correct and most up to date cyber and IT processes and infrastructure are being applied. Forensic Audit is a dynamic and strategic tool in combating corruption, financial crimes and frauds through investigations and resolving allegations of fraud and embezzlement. 2 A cyber audit also includes a series of tests that guarantee that information security meets all expectations and requirements within an organization. Forensic is the application of science to crime concerns. Forensic science matters especially criminal matters. 3 In Cyber Audit the Internal auditors and risk management professionals have key roles to play in the Information Management function of the company. A Forensic Audit is a comprehensive and systematic process involving a series of activities and tasks undertaken for establishing the accuracy and authenticity of the transactions under review. 4 Audit helps enterprises with the challenges of managing cyber threats, by providing an objective evaluation of the controls and making recommendations to improve them as well as assisting the senior management and the board of directors understand and respond to cyber risks. The term Forensic Audit refers to the specific guidance carried out in order to produce evidence. 5 Internal Audit should support the board's need to understand the effectiveness of cyber security controls. Forensic Audit task involves an investigation into the financial affairs of the entity and is often associated with investigation into the alleged fraudulent activity. 6 A cyber security assessment drives a risk-based IT internal audit plan. Audit frequency should correspond to the level of risk identified, and applicable regulatory requirements / expectations. The object of forensic auditing is to relate the findings of audit by examining and gathering legally tenable evidence and producing it to the Court. 7 Cyber Audit frequency should correspond to the level of risk identified, and applicable regulatory requirements/expectations. An assessment of the organization's cyber security should evaluate specific capabilities across multiple domains. Forensic auditing involves application of audit skills to legally determine whether fraud has actually occurred. The entire process includes planning, gathering evidence, reviewing the evidence and reporting of the same.