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Forensic Audit

Home / Forensic Audit

We provide additional services related to Forensic Audit as per the requirements of the Banks—
Asset Tracing and Background Checks.

Investigation,
Assets Held, Shares Held, Partnership Held by the Promoters
Link of Promoters, Partners, Directors in India/ Abroad
Details of offshore accounts etc.
Legal Due Diligence Reports on live litigation and Statutory Defaults.

Forensic Audit/ Investigative Audits Undertaken

Year	(No. of Accounts)
Year	Nationalised	Private New Generation and Foreign Banks	Co-Op. Banks	Total
2021-22	01			01
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

OTHER AUDITS
BANKING AND FINANCIAL SECTORS

ASSIGNMENTS EXECUTED

Nature of Assignments	No. of Banks/ Branches
Nature of Assignments	Nationalised Banks	Foreign Banks	Private and New Generation Banks	Co-Operative Banks	Total
Statutory Audit (Central)	--	02	--	25	27
Statutory Audits (Branch)	4 Banks/ 52 branches	--	10 Banks/ 85 Branches	--	14 Banks/ 137 branches
IS/ System Audits	15 Banks/ 90 Branches	1 Bank/ 2 Branches	6 Banks/ 35 Branches	20 Banks/ 100+ Branches	42 Banks/ 227+ Branches
Due Diligence, Mergers and Acquisitions	--	--	--	25 + Banks	25+ Banks

Nature of Assignments	No. of Banks/ Branches
Nature of Assignments	Nationalised Banks	Foreign Banks	Private and New Generation Banks	Co-Operative Banks	Total
Concurrent Audit of Integrated Treasury & Dealing Room	12 Banks	6 banks	11 Banks	5 Banks	34 Banks
Concurrent Audit of other Bank Branches	75+	10+	50+	25+	160+
Stock/Receivables Audit	500+	5+	100+	100+	705+ Borrowal accounts
Forensic Audit/ Investigative Audits of Bank’s Borrowal Accounts	10 Banks/ 15 Borrowal accounts	--	5 Banks	2 Banks/ 2 Borrowal accounts	17 Banks/ 17 Borrowal accounts
Agencies for Specialised Monitoring (ASM)	6 Banks/ 12 Borrowal accounts	--	--	--	6 Banks/ 12 Borrowal accounts

OTHER STRATEGIC ASSIGNMENTS

S. No	Institution	Type	Assignments handled
	Reserve Bank of India	Special Audits	The Dealing Room of DEIO and Other Units-Concurrent Audit.
	SEBI	Special Audits	Inspection of Mutual Funds
	ICICI Bank Ltd	Special Branch	Dealing Room, Forex, Integrated Treasury and Investments.
	SBM (Mauritius) Ltd	Mumbai branches	Dealing Room, Forex, Treasury Operations under Internal Control Guidelines of RBI
	Shinhan Bank	Mumbai Branches	Dealing Room Operations under Internal Control Guidelines of RBI
	State Bank of India	Exceptionally Large Branches	CAG, Overseas, IFB, Commercial Branches- Concurrent Audit.
	Bank of Baroda	Exceptionally Large Branches	Treasury and Dealing Room Audits
	Union Bank of India	Mumbai Branches	Risk Based Internal Audit
	IDBI Bank Ltd	Exceptionally Large Branches	Treasury, Forex and Dealing Room
	IDBI Trusteeship Services Ltd	Certification	Asset Cover Certification
	Axis Bank Ltd	Mumbai CPU Centre	CPU Audit/ SWIFT

CO-OPERATIVE SECTOR

Audit of Co-Operative Banks
Audit of Co-Operative Credit Societies
Audit of Co-Operative Housing Societies
Audit of Consumer Societies.

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