Forensic Audit

Competition Commission's forensic experts will be scrutinising the digital data and documents collected during the raids at the offices of some advertising agencies in connection with certain commercial arrangements between the agencies and broadcasters, according to a source. It is suspected that there are alleged anti-competitive practices related to the arrangements with respect to pricing and other aspects. The dawn raids were conducted at various offices of the media agencies in Delhi-NCR and Mumbai that started from Tuesday early morning and ended on Wednesday early morning, the source aware of the development said on Tuesday. A query sent to the Competition Commission of India (CCI) seeking comments on the raids did not elicit any response. The source aware of the development said forensic experts at the CCI's DG office will be examining the digital data and documents collected during the raids. The Director General (DG) of the CCI has been probing alleged anti-competitive

TARC added that it will provide all information, assistance and cooperation, and that it remains committed to 'highest standards of corporate governance'

National Human Rights Commission (NHRC) chairperson Justice Arun Kumar Mishra on Sunday expressed concern about the Dark Web and the threat it poses to society, adding that there is a need to develop a digital forensic infrastructure to deal with it. Speaking at a Constitution Day event here, the former Supreme Court judge also said that public interest litigations (PILs) should not be used for political purposes. "We live in the digital era which is helpful for progress and development. There is a phenomenon of increasing the number of internet users. However, 96 per cent of the cyberspace is the Dark Web. It is used for criminal purposes such as exploitation of children, destroying the right to privacy, modern slavery, trafficking, and demanding ransom by data hacking...it must be stopped," the NHRC chief said. "We must invest and develop a broad-based digital forensic infrastructure to tackle the misuse of cyberspace and criminal commerce. At the same time we have to ensure the .

They want to be sure which entities used the loans granted by them to the airline: Sources

AMCs term it from 'positive development' to 'preventive exercise'

Shareholders of Kirloskar Brothers Ltd have rejected a resolution for forensic audit of the affairs of the company by an external agency, according to a regulatory filing on Monday. On December 8, an extraordinary general meeting of the company's shareholders was convened following requisition by Kirloskar Industries Ltd (KIL) along with Atul Kirloskar and Rahul Kirloskar, who together hold 24.92 per cent in Kirloskar Brothers Ltd (KBL), amid the simmering feud between Kirloskar siblings. The ordinary resolution was rejected with 63.99 per cent of votes against it while 36.01 per cent were in favour, the filing said. The resolution had called for the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. It had also sought investigation to verify all records, books of accounts, minutes books, and other ...

KIL raised questions whether the KBL Board, especially the independent directors of KBL, verified the claims made by Sanjay Kirloskar in relation to the Deed of Family Settlement

He alleged that the police are trying to mislead the people on the issue by stating that the video being circulated on social media is not original.

The agency officials have contacted all the bank authorities concerned and asked for statement details, following which they will be sent for forensic audit.

Jahangirpuri violence: The clashes broke out when the Shobha Yatra procession was passing through the road just next to Kusal Cinema Hall, on the opposite side of which is a mosque.

The Digital Accounting and Assurance Board of the ICAI has proposed eight new Forensic Accounting and Investigation Standards, which will be placed for final approval on August 13

The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit

Standards used now are not clear, resulting in hundreds of cases across India courts filed by borrowers, companies and individuals

The watchdog has requested BSE to nominate a forensic auditor to look at the books of accounts of the corporate for the interval from April 1, 2019 to December 31, 2020, as per a Sebi order

Sebi has directed Prabhat Dairy to despoist Rs 1,292 crore in an escrow bank account

In order to address the gaps in availability of information, markets regulator Sebi has asked listed companies to make disclosures about initiation of forensic audit to stock exchanges

Clarifies that employees who made investments in the six wound-up schemes continue to hold substantial investments in these schemes

To boost repo trading in corporate bonds, the board also approved the proposal to facilitate setting up of a limited purpose repo clearing corporation.

Experts have suggested ramping up such labs and introducing forensic study in MBBS course

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.