Forensic audit and fraud investigation support for corporates, co-operative banks, insolvency matters, financial disputes, regulatory reviews and legal proceedings — delivered by Laxmikant and Associates, Chartered Accountants.
A forensic audit is a detailed, investigation-oriented review of financial records, accounting entries, bank transactions, supporting documents and transaction trails. Its purpose is to identify fraud, misappropriation, fund diversion, manipulation of accounts or other financial irregularities.
We assist corporates, banks, insolvency professionals, legal advisors, regulatory authorities and management teams with structured financial investigation, transaction analysis and forensic reporting.
Specialised services to identify irregularities, evaluate financial records, analyse transactions and support informed decision-making.
Review of suspected financial irregularities, manipulation of records and unusual transactions.
Tracing movement of funds across accounts, entities, related parties and layered transactions.
Detailed verification of financial transactions, supporting records, accounting entries and approvals.
Assessment of process gaps, control failures, approval weaknesses and financial risk exposure areas.
Examination of loan utilisation, banking transactions, disbursement patterns and financial irregularities.
Analysis of related party dealings, unusual transaction patterns and potential conflict-risk areas.
Review of accounting records, digital data and supporting documents relevant to the investigation scope.
Forensic support for regulatory reviews, legal proceedings, arbitration and dispute-related matters.
Structured findings, observations and evidence-based forensic audit reports.
The firm has handled forensic assignments covering fraud investigations, fund flow tracing, co-operative bank reviews, corporate irregularities, insolvency-related matters and reporting for legal and regulatory use.
A systematic process for analysing records, documenting evidence and independently evaluating financial transactions.
Confidential discussion of concerns, allegations, transaction patterns and objectives.
Defining scope, key risk areas, records required and review priorities.
Gathering accounting records, bank statements, supporting documents and digital data.
Examining transactions, fund movement, accounting entries and financial patterns.
Evaluating irregularities, exceptions, suspicious indicators and control gaps.
Structured findings, observations and practical recommendations based on evidence.
Typical situations, the issues reviewed and where our analysis focuses.
| Area | Typical Issues Reviewed | Our Review Focus |
|---|---|---|
| Corporate Entities | Misappropriation, related party transactions, inflated expenses, fictitious vendors and financial disputes | Ledger scrutiny, bank analysis, vendor review, document verification and transaction reconstruction |
| Co-operative Banks | Loan fraud, fund diversion, irregular sanctioning, misuse of credit facilities and suspicious repayments | Loan account review, sanction documentation, disbursement trail, end-use verification and fund tracing |
| Insolvency & NCLT Matters | Preferential transactions, suspicious fund movement, financial mismanagement and diversion of funds | Transaction testing, fund flow analysis, identification of irregular transactions and forensic reporting support |
| Promoter / Partner Disputes | Unauthorised withdrawals, diversion of business funds, hidden liabilities and manipulation of accounts | Independent review of books, bank accounts, capital accounts, related party transactions and supporting records |
| Legal / Regulatory Support | Fraud investigation, financial evidence review, money trail analysis and quantification of suspected loss | Evidence-based forensic analysis, supporting schedules and structured reporting for professional use |
Laxmikant and Associates, Chartered Accountants is an ICAI-registered, peer-reviewed firm undertaking forensic audits, fraud investigations, banking sector reviews and financial investigation assignments.
A forensic audit is an investigation-oriented review of financial records, transactions, bank statements, ledgers and supporting documents to identify fraud, misappropriation, fund diversion, financial manipulation or suspicious transactions.
A statutory audit expresses an opinion on financial statements. A forensic audit investigates specific allegations, financial irregularities and suspicious transactions, and presents evidence-based findings.
Yes. A properly documented forensic audit report can assist management, legal advisors, lenders, insolvency professionals, regulators and investigative agencies by presenting findings with transaction details and supporting evidence.
Commonly required documents include books of accounts, bank statements, ledgers, loan files, agreements, invoices, vouchers, approvals, emails, vendor and customer details, and other records relevant to the matter under investigation.
The timeline depends on the scope, period under review, volume of transactions, complexity of fund movement, availability of records and purpose of the report. It is normally finalised after a preliminary review.
Speak with our forensic audit team about financial irregularities, transaction concerns, internal control issues or investigation requirements — in confidence.
Share your requirement and our team will get in touch to understand the matter.
All information shared is handled with strict professional confidentiality.