Rise in NPAs Vis-Ã -Vis Forensic Audit

Abstract

Forensic Audit is now being resorted as the most productive tool to unfold many complicated issues w.r.t Financial Statements to ascertain the real intention behind every transaction.

Through its comprehensive investigative approach, the gaps in the Internal Financial Control mechanisms are eliminated and makes the entity future ready.

The importance of Forensic Audit is in a rising trend that the regulators have decided to analyze its result as a yard stick to measure the competitiveness and integrity of a Financial Institution.

Rather than investigation, Forensic Audit has become Stakeholder friendly tool to ensure Corporate Governance put in place by the entity.