It is generally said that the forensic accountant analyse 100% data as against the external auditors chosing the samples. But imagine as a certified forensic accounting professional you are required to analyze hundreds of thousands or even millions of line items of journal entries, invoice items, receipts and payments. How would you identify items to […]
In order to create awareness about the digital forensics, Indiaforensic offers the series of articles on the subject of digital forensic and its applications. An increasing number of forensic accountants are developing specializations and are obtaining the CFAP credentials. Indiaforensic enables CFAPs to gain a sound understanding of forensic and technology issues through these credentials […]
Auditronix – Audit Intelligence Tool US SEC has initiated actions against all the Big four accounting firms for the violations of various accounting norms and one of the Senior Audit Partner of KPMG was recently arrested for leaking the information about the client engagement to a golf buddy who made hefty profits from this insider […]
There are multiple reasons behind increasing frauds in the banking sector. Though the fraud control units are supposed to look into various facets of the frauds, in most of the private sector banks it was observed that the focus of fraud control units remained on Credit card frauds. Birth of technology has made all the […]
Forensic Due Diligence remains an integral part of any transaction that aims to strike a finite merger and acquisition deal. Proper and timely usage of the tool not only helps in saving substantial cost of carrying out micro level checks but also helps the other components of due diligence in addressing the threats arising out […]
Team of Riskpro was hired by a bank, to conduct the forensic accounting work for a remotely located branch. In a small branch of big bank advances shot up 100% in a particular year. Loan portfolio contained bill discounted. The perpetrator of the fraud in collusion with the branch manager opened 36 different Inland Letter […]
Riskpro team was hired to conduct the financial due diligence of the private limited company. This company was the acquisition target of a large software company. On field visit it was observed that there were very few computers in the office premises. The ones that were there were packed. Target software company had shown business […]
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