Independent Investigations Aligned with Regulatory & Legal Needs
At Lekshmi N Iyer & Associates, we conduct forensic audits to assess suspected irregularities, financial misrepresentation, or internal control lapses.
Our approach blends data analytics, documentary examination, and system walkthroughs to uncover patterns of financial anomalies or non-compliance. Findings are compiled in detailed reports that may assist in internal decision-making, regulatory submissions, or legal proceedings—depending on the assignment’s scope.
We also assist in the review and advisory on anti-fraud frameworks, helping organisations strengthen their internal controls, whistleblower mechanisms, and fraud prevention protocols in alignment with legal and regulatory expectations.
Our Forensic Audit Services Include
Scope of Work (Tailored to Each Mandate)
- Digital Ledger & Transaction Pattern Review
Transactional analysis to detect fund diversion, duplicate payments, circular flows, or unsupported ledger entries. - Related Party & Shell Entity Detection
Review of vendor relationships, indirect transactions, and layering to uncover potential conflict-of-interest or misappropriation risks. - Communication & Metadata Review
Support in analyzing available digital communications (where authorized) for red flags, intent, and document trail. - Legal & Regulatory Documentation
Preparation of structured findings that may support internal disciplinary actions, regulatory responses, or legal proceedings. - Corrective & Risk Mitigation Advisory
Post-investigation guidance to help strengthen internal controls and limit recurrence of the issue.
Engagements are scoped discreetly and may involve coordination with legal counsel or compliance teams, based on the client’s instruction.
- Digital Ledger & Transaction Pattern Review
Why Forensic Audits Matter in Sensitive Situations
When financial discrepancies, employee misconduct, or unexplained transactions arise, a forensic audit helps uncover facts through independent examination. Timely action—supported by well-documented findings—enables more effective internal control, stakeholder assurance, or legal response.
From Preliminary Concerns to Final Documentation
- Preliminary Assessment
Understand the nature of concern, authorization boundaries, and confidentiality expectations. - Data Access & Collection
Review relevant records, accounting systems, and communications—based on documented permission. - Red Flag Analysis
Identify anomalies such as round-tripping, override of controls, or transaction trails inconsistent with policy. - Corroboration & Interview Support
Correlate data patterns with employee roles, third-party involvement, or process gaps (within the permitted scope).
Reporting & Documentation
Submit a findings report summarizing observations, limitations, and, if requested, forensic support materials for legal or regulatory use.
Why a Forensic Audit May Be Critical
Suspected Misappropriation or Fraud
Assess unrecorded liabilities, ghost transactions, or vendor fraud.
Legal or Regulatory Response
Support litigation or enforcement actions with evidence-based financial findings.
Independent Reporting for Boards/Investors
Provide fact-based assessment free from internal bias.
Prevent Further Losses
Early intervention may reduce the risk of continued financial or reputational damage.
Forensic Audit FAQs
Common questions about income tax, compliance, and litigation support in India.
Is forensic audit different from internal/statutory audit?
Yes. Forensic audits are investigative in nature, focused on identifying irregularities or establishing fact patterns—not regular financial reporting.
Will the audit be kept confidential?
Yes, engagements are handled with strict confidentiality and in accordance with professional ethical standards.
How long does a forensic audit take?
It depends on the complexity and scope—typically ranging from a few days to several weeks.
Can you help us file police or regulatory complaints?
We support clients in preparing documentation. Filing complaints or representing before enforcement bodies is typically handled by legal.
