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When Is a Forensic Audit Required?

A forensic audit may be required in situations such as:

• Suspected financial fraud or embezzlement

• Manipulation of books of accounts

• Disputes among partners, directors, or shareholders

• Regulatory or statutory investigations

• Corporate governance concerns

• Internal control weaknesses

• Litigation or arbitration support

• Due diligence before mergers or acquisitions

Our Forensic Audit Approach

We follow a structured, confidential, and methodical approach:

1. Understanding the Scope

We begin by clearly defining the objectives, scope, and expectations of the forensic audit, based on the specific concerns or allegations.

2. Data Collection & Preservation

Relevant financial data, records, documents, and digital evidence are collected and preserved to maintain integrity and confidentiality.

3. Detailed Examination & Analysis

We conduct in-depth analysis of:

• Accounting records and ledgers

• Bank transactions and reconciliations

• Contracts and supporting documents

• Purchase and sales transactions

• Related-party transactions

• Internal controls and processes

Advanced analytical techniques are used to identify anomalies and irregular patterns.

4. Evidence Documentation

All findings are supported with proper documentation and verifiable evidence, ensuring clarity and legal validity.

5. Reporting & Findings

We prepare a clear, structured, and factual forensic audit report outlining observations, conclusions, and supporting evidence.

6. Advisory & Support

Where required, we assist management, legal advisors, or authorities with explanations, clarifications, and professional support.

Key Areas Covered in Forensic Audit

• Fraud detection and investigation

• Financial misstatements and manipulation

• Revenue leakage and expense irregularities

• Asset misappropriation

• Compliance failures

• Weak internal controls

• Conflict of interest and related-party issues

Why Choose TaxBharat for Forensic Audit?

• Experienced professionals with strong financial and compliance expertise

• Independent, objective, and confidential approach

• Evidence-based analysis and documentation

• Compliance with applicable laws and standards

• Clear and actionable reporting

• Ethical and transparent practices

Our focus is not only on identifying issues but also on helping organizations strengthen controls and prevent future risks.