CA, CS, CMA : Discover the crucial role of Forensic Accounting in legal and financial investigations. Learn how it aids in uncovering fraud, eli...
CA, CS, CMA : Explore the future of forensic auditing with tech advancements, AI, blockchain, cybersecurity, and human behavior analysis. Stay a...
CA, CS, CMA : The authors here have tried to make an attempt to reach out to the fellow Seniors, members, students, etc. that in this age of dig...
Corporate Law : Explore the case of Motel Rahans Pvt. Ltd. Vs JSM Devcons Pvt Ltd., where a secured financial creditor approached NCLT Indore Benc...
Corporate Law : Explore the necessity of Committee of Creditors approval for the appointment of Transaction/Forensic Auditor under Section 18 of t...
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...
CA, CS, CMA : This Guidance Note (GN) with reference to FAIS 350, deals with review and supervision as an integral part of the operational frame...
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...
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...
FORENSIC AUDIT-INVITATION FOR BIDS The Forensic Audit should investigate into the number of frauds perpetrated on the Bank by several borrowers (numbering about 300) in a specific product offered by the Bank during a course of 4 years. All the frauds were perpetrated in certain 8 branches in Andhra Pradesh. The investigation is expected to […]
Forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court and also to determine whether fraud has actually occurred. Whereas statutory audit is an independent examination of financial statements of a firm, irrespective of its size and legal perspectives with a view to express an […]
Forensic Audit can be termed as 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 in order to prosecute a party for fraud, embezzlement or other financial claims. The objective of forensic audit is to relate the findings of audit by gathering legally […]
In my Last Article titled ‘Statutory Audit may be replaced by Forensic Audit’ I have discussed about how companies are finding Forensic Audit more useful than statutory audit and need to adapt to the new tools and techniques. In this article I am discussing the meaning of Term Forensic / Forensic Science and its Origin.
Time is not far when Statutory Audits may be replaced by Forensic Audit and auditor will have to act as a bloodhound rather than a watchdog. Perhaps if the Auditors would have been given the rights and duties of a bloodhound as the CBI or such agencies have, no scams would have ever happened in the Financial World.
The article briefly explains the concept of Forensic Auditing and the use of the technique in the detection of the frauds. The relevance of the concept has been highlighted -especially in the emerging scenario of continuous development in the fields of accounting and auditing. The article also touches upon the various inter-related concepts and the vital areas where the technique of Forensic Auditing can be best used in detecting the misappropriations and manipulations in the financial as well as operational matters.
STATE BANK OF BIKANER & JAIPUR HEAD OFFICE, TILAK MARG JAIPUR Empanelment Of Chartered Accountants / Cost Accountants For Forensic Audit State Bank of Bikaner and Jaipur, Head Office, Jaipur invites application from eligible individuals! corporates! firms who display exceptional professional competence in forensic audit and are Members of Institute of Chartered Accountants of India […]
Introduction- With an upsurge in financial accounting fraud in the global economy, forensic accounting has become an emerging topic of great importance for academic, research and industries. Forensic accounting is perceived to have evolved in response to certain emerging fraud related cases. The scandals that shocked the corporate world with classical examples being the often […]
State Bank of India invites applications in the prescribed format from the Firms/Companies who are conducting forensic audit of high value accounts and willing to have their firm/company empanelled as Forensic Auditor for high value borrowal account of our Bank.
Forensic Accounting has existed for many years. Also known as “Investigative Accounting”, forensic accounting is a detailed examination and analysis of financial documents and records for use as evidence in a court of law. Forensic Accounting represents an area of finance that combines detective skills and financial activities. These accountants dig into the financial reports and […]
