Fraud investigations/Forensic audits

A forensic audit is an examination and evaluation of an entity's financial and other business information in order to identify potential perpetrators for fraud, embezzlement or other financial claims.

Estimated Time

1-6 weeks

Price Range

INR 12,000-20,000/man day

Scope of Work

1. Understanding the business. 2. To understand the key business processes which drive business. 3. Carry out a detailed evaluation of the entity's controls in place to mitigate fraud risks which are inherent to a business. 4. To evaluate the background of the target personnel who could be involved in the fraud. 5. Independently verify the authenticity of external stakeholders like vendors/ customers and the transactions with such parties. 6. The procedure which entails will depend on the outcomes of the aforementioned procedures and will vary depending on the facts and circumstances on a case to case basis.

Documents Required

No specific information willl be requested at the start of the assignment. A general enquiry will be conducted with various stakeholders following which detailed information/documents will be sought for.