Laxmikant and Associates, Chartered Accountants provides professional forensic audit and fraud investigation services for corporates, co-operative banks, insolvency matters, financial disputes, regulatory reviews and legal proceedings.
Evidence-based analysis for fraud detection, fund flow tracing, internal control review and forensic reporting.
Forensic audit is a detailed and investigation-oriented review of financial records, accounting entries, bank transactions, supporting documents and transaction trails to identify fraud, misappropriation, fund diversion, manipulation of accounts or other financial irregularities.
Our forensic audit team assists corporates, banks, insolvency professionals, legal advisors, regulatory authorities and management teams with structured financial investigation, transaction analysis and professional forensic reporting.
Specialized forensic audit and financial investigation services designed 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 utilization, 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 investigation scope.
Forensic support for regulatory review, legal proceedings, arbitration and dispute-related matters.
Preparation of structured findings, observations and evidence-based forensic audit reports.
Our firm has experience in forensic audit assignments involving financial fraud investigations, fund flow tracing, co-operative bank reviews, corporate irregularities, insolvency-related matters and professional reporting for legal and regulatory use.
Our forensic review methodology is designed to ensure systematic analysis, accurate documentation and independent evaluation of financial records and transactions.
Initial confidential discussions to understand concerns, allegations, transaction patterns and investigation objectives.
Identification of investigation scope, key risk areas, records required and review priorities.
Collection and review of accounting records, bank statements, supporting documents and digital data.
Detailed examination of transactions, fund movement, accounting entries and related financial patterns.
Evaluation of irregularities, exceptions, suspicious indicators and operational control gaps.
Preparation of structured findings, observations and practical recommendations based on evidence reviewed.
| Area | Typical Issues Reviewed | Our Review Focus |
|---|---|---|
| Corporate Entities | Misappropriation, related party transactions, inflated expenses, fake 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 | Unauthorized 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 a peer-reviewed firm with experience in 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.
Statutory audit is performed to express an opinion on financial statements, whereas forensic audit focuses on investigation of specific allegations, financial irregularities, suspicious transactions and 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/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. The timeline is normally finalized after a preliminary review.
Connect with our forensic audit professionals to discuss financial irregularities, transaction concerns, internal control issues or investigation requirements with complete confidentiality and professional discretion.
Share a few details about the matter and our forensic audit team will reach out to discuss it privately. You can also reach any of our offices directly on the lines below.