India, April 7 -- Forensic audits serve a critical function in modern corporate governance, offering a structured mechanism to uncover financial irregularities and support legal proceedings with credible, admissible evidence

Forensic audits, though crucial in uncovering financial wrongdoing, can also be misused by management for political, retaliatory, or self-serving purposes. At its core, a forensic audit is a specialised examination of financial records, combining accounting expertise with investigative techniques. Its goal is to uncover evidence that can be presented in legal proceedings - be it fraud, embezzlement, money laundering, or other financial crimes. These audits aim to produce legally admissible evidence to support civil o...