In recent pandemic global economy has effected manufacturing sector seriously. Corona Viruswas detected in India in early March 2020 lockdown was initiated in the fourth week of March for 3 weeks and most of the non-essential manufacturing units were asked to stop producing and take strict measures before re-opening their units, which affected the sector…
Category: Forensic accounting & fraud detection
Difference Between Audit And Forensic Accounting
Forensic Accounting is not new, accountants have provided fraudulent financial records for investigation and litigation support to corporates, law enforcement agencies and states for decades. As a fraud investigator, I have been asked by many of my clients what is the difference between forensic accounting engagement and an audit engagement. Forensic accounting engagement applies accounting…
Fraud Risks In Manufacturing Sector Post CORONA Virus
In recent pandemic global economy has effected manufacturing sector seriously. Corona Virus was detected in India in early March 2020 lockdown was initiated in the fourth week of March for 3 weeks and most of the non-essential manufacturing units were asked to stop producing and take strict measures before re-opening their units, which affected the…
Frauds and Pandemic
Whenever a pandemic or a catastrophe strikes serial fraudsters become more active as they know that they can now target individuals globally by taking advantage of their lack of knowledge and awareness. Post Covid-19 many financial institutions, Banks, law enforcement and state departments have cautioned public in general on issues related to frauds. Fraudsters know…
Merging Banks and Risks Associated
In a couple of years, it’s likely that the majority of banks in Asia and Europe would look forward to merging or acquiring other smaller banks. Every bank in a growing economy is looking to either purchase another bank or be bought by a bigger bank. Many of such banks see acquisition or merger as…