Credit decisions are made to find a way to make or to ensure all payments. Credit decisions help a company in protecting their assets. These include company financial condition, their competitive edge and any customer’s project size. A limited customer’s information is included in such decisions. Credit is the area where forensic auditors concentrate first and start their probe. A credit decision is a composite of interlinked decisions like to lend or not to lend – Accept / Reject, terms at which the bank should or is willing to lend – covenants or term sheet, the interest rate on the loan – Loan Pricing. A bank’s relationship with a customer, the customer’s credit history, track record, profile, future outlook and management team are big factors. We will come back to these in the session on credit decisions

Investment decisions taken are compared with the objectives of investments made and actual returns are compared with anticipated returns. Other aspects like loss incurred if any and its magnitude and whether such loss could have been prevented are also analysed. In lower profit, causes for the fall in profit are gone into. It may be remembered that many investments escape the attention and scrutiny of concurrent auditors and statutory auditors as of now, due to paucity of time. Investment decisions are often supported by decision tools. Investment patterns and financial decision making has always been of great interest to researchers and financial service providers and planners. Investment pattern of individuals and investment decisions are influenced by demographic variables and risk tolerance.

The possible connection between a series of transactions analysed. If the loss was deliberate, the forensic audit will probe the background of the true beneficiary in all such cases. Transactions involving both income and expenditure are taken up for investigation. Income/Revenue foregone/lost and Expenditure that exceeded the normal levels are specifically probed. Violation of Regulator’s guidelines and prescriptions: Instances of deviation from violation of the regulatory authority’s rules and guidelines are probed. The fall out of their image, reputation, discipline, financial risks and loss if any are examined.

Paint chips are transferred in car accidents, either from one car to another or, in the case of a hit-and-run, from the car to the victim. Paint chips on cars; it is often the undermost layer of the surrounding paint that is most informative; great care has to be taken to preserve it. Matching chips with flakes of paint that have been knocked off a vehicle can be important individualizing evidence, so great care must be taken not to disturb any features of the surface during evidence collection to allow an accurate match. An examination using spectrographic and X-ray diffraction methods may be made of the layers of the paint separately. These examinations yield evidence about the chemical identity of the various layers of the paints. In cases where both chemical and physical examinations are possible of a fragment of paint, the evidence is often conclusive.

Any illegalities or irregularities noticed in recruitment, promotion and transfers must be subjected to further probe for necessary corrective measures. Large scale transfer of resources from some sector to others in a system necessitated fundamental changes in its policies or objectives.

Every organisation has their different structures. These are arranged in a definite or fixed sequence of elements. Even same group of organisations decides their own structures as per their wishes and requirements. All the members of a structure considered as one integrated unit. It also depends upon organization-wide or economy-wide regular, recurring change caused by factors such as seasonal patterns or long time trends. Without recruiting adequate manpower and imparting necessary training to them and without investing adequate money in fixed assets and modern technology, indiscriminate branch expansion may result in huge loss.

Forensic audit into the systems and procedures followed by each bank or any organisation and compare them with the industry. Any deficiencies in the systems in the procedures will weaken the bank or an organisation. This is one sensitive area which if neglected will result in delays, growing customer complaints, monetary loss, frauds and uncertainty in many areas. So, forensic audit is to cover this topic.

Our experts from Clue4 Evidence Forensic Lab examine the online activities of an organization, including its website, digital marketing, and online transactions. In a forensic context, web audits may be used to investigate cybercrimes such as unauthorized access, data breaches, or online fraud. The audit may analyze web traffic, security logs, and the integrity of online transactions

Process audits evaluate the efficiency and effectiveness of business processes. Our experts at Clue4 Evidence Forensic Lab focus on identifying weaknesses or vulnerabilities in processes that could lead to fraud or other misconduct. For example, a forensic process audit might examine how financial transactions are processed to detect irregularities or ensure compliance with internal controls.

At Clue4 Evidence Forensic Lab, our experts examine the accuracy, consistency, and integrity of data within an organization. In forensic investigations, data audits are used to uncover discrepancies or manipulations in financial records, customer data, or other critical datasets. This type of audit often includes data validation, data reconciliation, and checks for data integrity.

At Clue4 Evidence Forensic Lab, our experts focus on identifying, managing, and protecting intellectual property assets. In a forensic context, they can help detect infringement, unauthorized use, or valuation disputes over intellectual property.