CA, CS, CMA : This article explains how forensic accounting has exposed major corporate frauds that escaped traditional audits. The key takeaway...
Goods and Services Tax : The Court ruled that large gaps between GST returns and ITR figures cannot justify Section 74 demands without forensic verificatio...
CA, CS, CMA : This explains how internal audit focuses on ongoing risk prevention while forensic accounting investigates suspected fraud. The ke...
Corporate Law : Delayed forensic audits in insolvency cases reduce resolution value, discourage bidders, and increase liquidation risk, highlighti...
Corporate Law : Explore the methods forensic auditors use to detect financial fraud, from red flags to data analytics, and their critical role i...
CA, CS, CMA : ICAI seeks public comments by July 31, 2025, on proposed amendments to Regulation 204, introducing "Forensic Investigation" into C...
CA, CS, CMA : Guidance Note For Forensic Accounting And Investigation Standard No. 000 On Over Arching Documents provides technical clarificatio...
CA, CS, CMA : The Forensic Accounting and Investigation Standard (FAIS) 420 on Evidence Gathering in Digital Domain provides guidance to the Pro...
CA, CS, CMA : Data Analytics (DA) being a dynamics area of practise, a lot rapid developments are underway, especially in the tools and solution...
CA, CS, CMA : The Professional is generally engaged during the legal proceeding or may be called upon by the Competent Authorities to testify on...
Income Tax : NCLT Indore directed appointment of a forensic auditor to conduct audit on irregularities related to assets of corporate debtor in...
CA, CS, CMA : SEBI's order appointing GTB as a forensic auditor challenged. High Court quashes decision due to bias concerns, orders new auditor...
SEBI : SEBI clarifies its forensic auditor empanelment, detailing the transparent application process, eligibility criteria, and reasons ...
Fema / RBI : DBS. CO.FrMC.BC.No. 10/23.04.001/2010-11 - Based on the findings of the scrutinies, further study has been made across banks to as...
FAIS 130 on Laws and Regulations deals with the responsibility of the Professional to understand the provisions of laws and regulations and how these apply to Forensic Accounting and Investigation (FAI) engagements.
FAIS 120 on Fraud Risk expects the Professional to understand the fraud risk concepts and apply these in a Forensic Accounting and Investigation (FAI) engagement
Setting engagement objectives involves identifying the purpose of the engagement and establishing its goals and desired outcomes when conducting Forensic Accounting and Investigation (FAI) engagement. Setting objectives.
Guidance Note For Forensic Accounting And Investigation Standard No. 110 On Nature Of Engagement outlines the manner in which the Professional obtains clarity on the nature and purpose of the Forensic Accounting and Investigation (FAI) engagement for the purpose of implementing the Standard. Digital Accounting Assurance Board The Institute of Chartered Accountants of India 1st […]
Explore the case of Motel Rahans Pvt. Ltd. Vs JSM Devcons Pvt Ltd., where a secured financial creditor approached NCLT Indore Bench seeking a forensic audit of the Corporate Debtor. Learn about the scope of consideration by the Committee of Creditors (CoC) in appointing professionals, the role of the Resolution Professional, and the direction given by the court for a forensic audit. Understand the implications of the court’s decision and the limited role of CoC in approving fees for auditors.
NCLT Indore directed appointment of a forensic auditor to conduct audit on irregularities related to assets of corporate debtor in case of Motel Rahans Pvt Ltd Vs JSM Devcons Pvt Ltd.
Explore the necessity of Committee of Creditors approval for the appointment of Transaction/Forensic Auditor under Section 18 of the Insolvency and Bankruptcy Code, 2016. Understand the role of Forensic Auditors in identifying PUFE Transactions and ensuring compliance with IBC regulations.
This report summarizes our procedures, findings, and recommendations as it relates to our assistance with the evaluation of bookkeeping, records and internal control irregularities at Company in determining the fraud risk and the amount involved therein.
Forensic accounting in big organizations: A critical approach for detecting fraud, enhancing asset protection, and ensuring financial integrity. Essential for risk management and fraud prevention.
Explore the differences between a normal audit and forensic accounting and how it helps detect fraud. Forensic Accounting V/S Normal Auditing: An Comparative Analyses
