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...
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 ascertain the policy and operating framework in place for detection, reporting and monitoring of frauds as also the surveillance/ oversight process in operation so as to prevent the perpetration of frauds. The study has shown that while the banks do have certain policies and processes in this regard, they are not well structured and systematic to ensure proper focus on typical fraud events.
Even as India’s federal investigating agency last week stunningly doubled to US$3.02 billion the amount of money involved in the Satyam Computer Services scam exposed early this year, a tribe of forensic auditors is emerging to upgrade the country’s war against corporate crooks and book-keeping frauds.
With corporate accounting frauds on the rise, the ICAI has decided to promote forensic accounting to equip chartered accountants with adequate tools to detect white-collar crimes and identify malpractices like money laundering and routing terrorist funds.
