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The Reserve Bank of India has made forensic audits mandatory for large advances and restructuring of accounts. In light of this, the RBI recently came up with the concept of creating a 'forensic audit pool.
We usually see a range of $2,500 to $6,000, which is dependent upon each case and the complexity of the specifics involved. The good news a lot of times, they end up saving the client time and money, as their work oftentimes eliminates the need for unnecessary court litigation or trial.
We usually see a range of $2,500 to $6,000, which is dependent upon each case and the complexity of the specifics involved. The good news a lot of times, they end up saving the client time and money, as their work oftentimes eliminates the need for unnecessary court litigation or trial.
Any candidate who is a graduate and have at least one year of experience in the Nationalised Banks, Private sector banks, Co-operative banks or non-banking finance company, credit card company or a financial institution can apply for the examination of Certified Banking Forensic Accountant.
Chartered accountants and company secretaries are eligible for forensic accountancy. Graduates with two years of experience in fraud-related business processes are eligible for forensic accountancy.