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...
This Practitioner’s Guide to Forensic Auditing will discuss what it is, its different types, how to start it, and an audit plan. Learn more here.
Discover what makes forensic auditors essential in uncovering financial fraud or wrongdoings. Get insight into the crucial role of the forensic auditor in law and justice.
RED Flag is an essential tool for forensic audit to uncover potential fraud and unethical activities. Use RED Flag to detect fraud, financial mismanagement & legal risk.
To be a Forensic Accountant, it is not mandatory for one to be a Chartered Accountant/CPA. An ideal forensic team comprises of professionals from many industries, including Chartered Accountants, Engineers, MBA’s, MBE’s, Lawyers, and other professionals.
Introduction In 2002, the world had observed the collapse of US energy sector giant Enron Corporation when it was at the peak of business with the reputation of ‘America’s most innovative companies’ for six consecutive years by Fortune. In 2016, the world had observed a series of paper leak, known as Panama Papers, which revealed […]
SEBI’s order appointing GTB as a forensic auditor challenged. High Court quashes decision due to bias concerns, orders new auditor appointment
FORENSIC AUDIT – MEANING The term ‘forensic audit’ has not been defined under any statue, therefore for the meaning of the same reliance has been placed on dictionary meaning. In general, Forensic Audit represents an area of finance that combines detective skills and financial acuity. Forensic audit also known as forensic accounting is an examination […]
With an increasing number of Accounting, Financial and Loan irregularities, there is a pressing need of Forensic Accounting and Investigation professionals in India to conduct their professional assignments in a manner which is based on the comprehensive, qualitative and prudent set of Standards, and also to collect evidences which may be subject to high level of scrutiny in a court of law.
Transactions specifically related to Sections 43 to 46 and Section 66 of the Insolvency and Bankruptcy Code, 2016 are being looked at by the forensic experts. These sections deal with identifying preferential and undervalued transactions, and those deliberately entered into to defraud creditors. These sections also deal with identifying undisclosed relationship(s) between the entities of […]
Indian bankruptcy Code 2016 is set to be a game changer providing an efficient framework to deal with business failures. The Code deals with insolvency and liquidation proceedings in a time bound and efficient manner in order to maximize best possible value of stress assets. Sections 43 to 51 and Section 66 of the Code […]
