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...
As you are aware, you to our organisation Serious Fraud Investigation Office (SF10) is a multi-disciplinary organization under the Ministry of Corporate Affairs, Government of India, manned by experts in the fields of accountancy, forensic audit, general law, information technology, investigation, company law, capital market, Income Tax and Customs & Central Excise etc.
With reference to the media reports regarding Govt. asks fraud-hit Punjab National Bank to conduct forensic audits. We submit as under: Since our bank has not received any instruction from any investigating/Govt. authority, we at present cannot comment on media reports.
Reading the current headlines such as Sebi has directed the exchange to appoint an independent forensic auditor to verify any misrepresentation of financials and business of VDPL as well as any misuse of the funds or books of accounts’ and Sebi has directed the NSE to conduct forensic audit on two companies — ARSS Infrastructure Projects and Nu Tek India makes us question what forensic audit is all about.
PUNJAB NATIONAL BANK invites applications for empanelment of Forensic Auditors for the period 2018-2019. Criteria of qualifications, experience, scope of work, application forms, undertakings, addresses of the Zonal Offices etc. are enclosed. Auditors already empanelled with the bank need not apply again. Please note that applications and copies of the qualification, experience, undertakings etc. be […]
There are numerous reasons to analyze BRS prepared by an entity. One major reason why should an auditor has to be vigilant while performing BRS audit is discussed below. BRS is a statement prepared to reconcile or tally the balance shown in cash book of an entity with that of bank statement.
Forensic Accounting is a relatively new profession that uses ideas and techniques started centuries ago. The profession has been molded and shaped by many aspects of the shifting world including the economy, society, and legislation.
Indian Bank’s Association (IBA) invites applications from eligible Chartered Accountant Firms for empanelment to take up assignments relating to forensic audit of Frauds upto Rs. 50 crores & Frauds above Rs. 50 crores in the Banking Industry.
Last Date : Feb 13, 2017 Application for Empanelment of Forensic Auditors with Oriental Bank of Commerce Terms & Conditions for empanelment of Forensic Auditors a) Eligibility Criteria The eligibility criteria shall be as under:‑ Firm/Company must be in existent for at least 10 years. Firm/Company must have 5 FCA with one of them DISA(Diploma […]
SEBI- Empanelment of auditors for conducting forensic audit of SEBI registered Registrar to an Issue and Share Transfer Agent(RTA/STA) Securities and Exchange Board of India (“hereinafter referred to as “SEBI”) invites applications from eligible Chartered Accountant Firms for empanelment to take up assignments relating to forensic audit of SEBI registered RTA/STA. 1. Criteria for empanelment […]
Central Bureau of Investigation (CBI) has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments. Chartered Accountants firms having prior sufficient experience and expertise in forensic auditing may submit their details at the earliest preferably in a week’s time.
