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FORENSIC AUDITING TOOLS
Forensic experts call for AI-driven playbook to counter deepfakes and digital scamsFinancial crime is evolving rapidly with AI-generated deepfakes and complex fraud rings. Traditional methods are no longer sufficient. Expe...- ICAI to set up advanced forensic lab for small, medium practitionersThe Institute of Chartered Accountants of India (ICAI) is establishing an advanced forensic auditing lab in Hyderabad on a 'pay and use' mo...
- CCI to onboard analysts and data scientistsThe Competition Commission of India is enhancing its capabilities to understand digital markets and artificial intelligence. The regulator ...
- CAG developing institutional capacity for new age needsIndia should use data and technology to detect corruption and unfair practices in government tenders, with stronger coordination between th...
- CAG pushes AI, digital tools to detect frauds in auditsCAG K Sanjay Murthy highlighted the use of technology in audits, leading to fraud detection in government schemes across states. The instit...
- CAG for extensive use of digital tools in forensic audit to check fraudulent casesThe CAG said that state governments are making advances in the adoption of technology in bringing about greater efficiency in the public fi...
- RBI asks IndusInd Bank board to fix accountability over accounting lapses that shook investor trustThe Reserve Bank of India (RBI) has directed the board of IndusInd Bank to ensure accountability for accounting lapses that triggered a ste...
- Regulatory tightening creates demand for senior roles in forensic functionsThe article discusses the growing importance of forensic roles in corporate governance, spanning various domains such as finance, complianc...
- To prevent corporate frauds, more needs to be done: EY surveyMany senior executives feel that more needs to be done, such as increasing the use of forensic tools, to detect as well as prevent frauds a...
- Greater due diligence, fund utilisation audits can check bank frauds, say expertsThe Reserve Bank in its latest annual report revealed that bank frauds, both in terms of numbers and volume, have gone up substantially dur...
- SEBI orderes forensic audit of Indian Commodity ExchangeThe ICEX board has been directed to appoint an auditor for conducting the forensic audit . It is expected to meet shortly to take a decisio...
- Big 4 audit companies scramble for forensic assignments of scam-hit corporatesPlayers see up to 25% growth in forensic business in past 3 years even as strict regulatory action hits audit operations.
- Indian Banks' Association looking for forensic auditors to check bank fraudsBesides, such firms are required to employ email cracking tools voice interpreter, mobile call interpreter, big data analysing tools and li...
- Modi government, RBI may look at penal action, one-time settlement to fix bank defaultersGovernment and the central bank are awaiting the report from banks post completion of forensic audit on big defaulters, an official told ET...
- What does a forensic audit achieve?The auditors often provide expert testimony during trial proceedings. Most large accounting firms have a forensic auditing department.
- KPMG, Deloitte helping domestic banks in detecting NPAsA growing number of domestic banks are deploying systems that pick up early signs of stress in loans, a move they hope will help keep a tig...
- Food and beverage joints adopt stricter auditing practiceCome January, KPMG will conduct weekly external food cost audit of Massive Restaurants that owns premium dining brands like Masala Library,...
- F&B joints like Manchester United Restaurant & Bar, Made In Punjab & others conduct strict auditing practice“Nowadays, it is the investor's mandate to the brand to conduct such audits even if the brand is profitable or otherwise.” WeMark's Gaurav ...
- CAs being equipped to fight Madoff-like corporate dupingCorporate duping through a complex use of exotic financial market instruments like the USD 50-bn scam masterminded by US stock dealer Berna...
- Cos may have to focus more on fraud risk managementEven as business leaders are aware of the need for addressing fraud and fraud-prevention initiatives, implementing a comprehensive and inte...
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