forensic audit

The Institute of Chartered Accountants of India is set to overhaul its curriculum. Future chartered accountants will likely study artificial intelligence, data analytics, ESG, and sustainability. These changes aim to equip students with skills for a technologically evolving profession. The new syllabus and training structure are expected to be implemented by 2028, preparing professionals for modern accounting demands.

NEET-UG was supposed to be fixed after the 2024 leak. Two official reports had already laid out where the system could break again

The Supreme Court ruled that banks are not required to provide personal oral hearings before classifying accounts as fraudulent. However, banks must furnish customers with a forensic audit report prior to such classification. This decision acknowledges the infeasibility of individual hearings given the significant rise in bank fraud cases.

The CBI has filed a new case against Anil Ambani and Reliance Communications, along with bank officials, following an LIC complaint. Allegations suggest LIC was misled into investing Rs 4,500 crore in Non-Convertible Debentures based on false financial representations. A forensic audit revealed alleged misuse of funds, including siphoning through subsidiaries and fictitious transactions, causing a Rs 3,750 crore loss.

The Economic Offences Wing (EOW) is intensifying its fight against white-collar crime, leading to a significant rise in FIR registrations and arrests. Leveraging advanced technology and close coordination with banks, the EOW is effectively tackling property fraud, bank fraud, and Ponzi schemes, while also focusing on public awareness and swift asset recovery.

Morena's Nandini Agrawal achieved a historic feat, becoming the world's youngest Chartered Accountant at 19 and securing a Guinness World Record. Excelling academically from a young age, she cleared Class 10 at 13 and Class 12 at 15. Now a successful CA, content creator, and advocate for early investment, Nandini inspires young individuals to pursue their dreams with dedication.

Markets regulator Sebi on Tuesday made it mandatory for all listed entities to disclose to the stock exchanges any forensic audit that a company carries out. The entity is also required to intimate to the exchanges when a forensic audit is initiated, the regulator said after its board meeting earlier in the day.

In a shocking turn of events, a trio of masked criminals pulled off a bold robbery at a vulnerable SBI ATM in Danapur, Patna, absconding with around Rs 30 lakh. They cleverly obstructed the CCTV cameras using paint before using a gas cutter to break into the cash chamber.

Illegal opium cultivators killed a rewilded, radio-collared tiger in Madhya Pradesh to deter forest patrols from discovering their illicit farms. The big cat's movements, tracked by its collar, brought officials too close, prompting the deadly act. The tiger was poisoned using a bull, and its collar was destroyed to hide evidence.

The central government on Tuesday said that Citibank has initiated a forensic audit in the Rs 460.9-crore fraud that took place at its Gurgaon branch in December, 2010.

In order to address the gaps in availability of information, markets regulator Sebi's board on Tuesday decided that listed entities will have to make disclosures about initiation of forensic audit.

Markets regulator Sebi has ordered a forensic audit of the financial statements of Sun Pharmaceutical Industries Ltd for 2016, 2017 and 2018. The drug major said that the forensic audit is ongoing but did not provide any specific details on the reasons for the Sebi to order the forensic audit. A forensic audit derives evidence that can be used in a court of law.

Markets regulator Sebi is looking to appoint auditors for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds. In recent months, Sebi has ordered forensic audit of certain companies.

State Bank of India (SBI) has ordered a forensic audit of one of its borrowers which reportedly has a Rs 360-crore liability towards the bank and also happens to be a defaulter on the crisis-hit NSEL.