FORENSIC AUDIT

The concept of Forensic Audit may be defined as “a concentrated audit of all the transactions of the entity to find the genuineness of such transactions and to report whether or not any financial benefit has been attained by way of presenting an unreal picture”.

Forensic Auditing aims at legal determination of whether fraud has actually occurred. In the process, it also aims at naming the persons involved (with a view to take legal action).

Objective

Objective of Forensic Audit is to find whether or not a fraud has taken place. Forensic auditor shall have to examine voluminous and in totality, records and witnesses, if permitted by law. Proper documentation is vital in substantiating the findings. The outcome shall focus on the following, in case of fraud:

WE ARE EMPANELLED WITH FOR CONDUCTING FORENSIC AUDIT

The main focus would be identification of information not disclosed to the Banks which will facilitate in recovery of assets and asset tracing to a certain extent.

We provide additional services related to Forensic Audit as per the requirement of the Banks—

OUR VALUE PROPOSITIONS

Presence & Infrastructure

Significant geographic presence in India, with offices in Hyderabad, Bangalore Pune and Delhi

Marketplace recognition

YPA LLP Forensic & Investigative Services is based on an in-depth study and is a well-recognized name in the professional peer group

Expertise & Experience

Highly talented and competitive workforce with experience and expertise in a wide range of services viz

a)   complex auditing assignments PAN India.

b)   Diligence and compliance reviews.

Flexibility and Scalability

Flexibility and scalability to quickly ramp up to support bigger projects.

Proven Delivery Model

Proven delivery model based on client requirements.

Technology

Advanced technology to collect, process and analyze information in support of forensic investigations

Forensic Audit/ Investigative Audits Undertaken

Year

(No. of Accounts)

Nationalised

Private
New Generation and
Foreign Banks

Co-Op. Banks

Total

2018-19

03

02

 

05

2017-18

 

01

03

04

2016-17

05

02

 

07

2015-16

01

01

 

01

2014-15

03

   

03

2013-14

01

   

01

2012-13

03

   

03

2011-12

01

   

01

2010-11

00

0

0

0


@ 2018 Yardi Prabhu & Associates LLP - All rights Reserved.