Forensic Audit

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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)

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

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

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

  1.  

Reserve Bank of India

Special Audits

The Dealing Room of DEIO and Other Units-Concurrent Audit.

  1.  

SEBI

Special Audits

Inspection of Mutual Funds

  1.  

ICICI Bank Ltd

Special Branch

Dealing Room, Forex, Integrated Treasury and Investments.

  1.  

SBM (Mauritius) Ltd

Mumbai branches

Dealing Room, Forex, Treasury Operations under Internal Control Guidelines of RBI

  1.  

Shinhan Bank

Mumbai Branches

Dealing Room Operations under Internal Control Guidelines of RBI

  1.  

State Bank of India

Exceptionally Large Branches

CAG, Overseas, IFB, Commercial Branches- Concurrent Audit.

  1.  

Bank of Baroda

Exceptionally Large Branches

Treasury and Dealing Room Audits

  1.  

Union Bank of India

Mumbai Branches

Risk Based Internal Audit

  1.  

IDBI Bank Ltd

Exceptionally Large Branches

Treasury, Forex and Dealing Room

  1.  

IDBI Trusteeship Services Ltd

Certification

Asset Cover Certification

  1.  

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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