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Business booms for forensic auditors as firms head to bankruptcy court

The forensic business linked to the IBC has more than doubled in the past few months, and experts believe it will only increase

Ashley Coutinho  |  Mumbai 

Forensic departments of large audit firms and independent investigation agencies have been inundated with requests for forensic work following the push to clean up the bad debt mess under the Insolvency and Bankruptcy Code (IBC). According to some estimates, the forensic business linked to the IBC has more than doubled in the past few months, and experts believe it will only increase.

The work primarily includes doing background checks on promoters, asset searches, verification of creditors, and forensic monitoring of cash flows. For big accounting firms, this is the icing on ...

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First Published: Tue, January 23 2018. 00:21 IST
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