Bharat’s New Era of Forensic Accounting by CA. Jyot Baxi – 1st Edition June 2021.

Bharat’s New Era of Forensic Accounting by CA. Jyot Baxi – 1st Edition June 2021.

About New Era of Forensic Accounting

About New Era of FORENSIC ACCOUNTING

Chapter 1        History and Evolution of Forensic Accounting and Investigation

Chapter 2        Revolution in this space

Chapter 3        Forensic Accounting and Investigation – In and Out

Part 1

Bridge between Theory and Practical

Chapter 4        The Whys and Whats of these Standards

Chapter 5        Basic Principles of Forensic Accounting and Investigation Standards

Chapter 6        Standards – Interpretation and Practice Guide

6.1    FAIS-110: Nature of Engagement
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.2    FAIS-120: Fraud Risk
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.3    FAIS-130: Laws and Regulations
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.4    FAIS-140: Applying Hypotheses
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.5    FAIS-210: Engagement Objectives
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.6    FAIS-220: Engagement Acceptance and Appointment
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.7    FAIS-230: Using the Work of an Expert
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.8    FAIS-240: Engaging with Agencies
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.9    FAIS-310: Planning the Assignment
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.10 FAIS-320: Evidence and Documentation
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.11 FAIS-330: Conducting Work Procedures
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.12 FAIS-340: Conducting Interviews
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
6.13 FAIS-350: Review and Supervision
1.   Setting up the tone
2.   Background and Rationale
3.   Applicability
4.   Simplification of compliance requirement of the standard
5.   Step-by-Step guide to understanding and implementation of the standard along with practical approach
6.   How to support and document the compliance
Chapter 7        Cross references noted in the Standards

Chapter 8        Comparison with Standards of Auditing

Chapter 9        Laws and Regulations referred

1.   Indian Contracts Act, 1872

2.   Information Technology Act, 2000

3.   Indian Penal Code, 1860

4.   Code of Criminal Procedure Act, 1973

5.   Indian Evidence Act, 1872

6.   The Companies Act, 2013

7.   Insolvency and Bankruptcy Code, 2016

Part 2

Exploring the spectrum of Forensic Accounting

Chapter 10      Research in this Practice – Food for thought on Contemporary Topics

1.     Whistleblowing – How a boon, How not to make it a bane

2.     Prevention is better than cure – Anti-Fraud Framework should work!

3.     Integrity – at the core of Ethics and Corporate Governance

4.     Nuances of Interviewing Techniques

5.     79 illustrative indicators and early warning signals towards Fraud and Business Risk

6.     40 places to look at/suspect/formulate hypotheses with while detecting an irregularity

7.     Emerging trends vis-à-vis forensic accounting and fraud

8.     Fraud with Family? Research and Study on Consumer and Investors Fraud

9.     Most infamous modus operandi in a Bank Fraud

10.   Fraud triangle forecast in COVID-19 era

Bibliography

Part 3

We learn from the past

Chapter 11      Case Studies – A Practical Way to Broaden the Perspective

1.     Two giants almost became victims of a fraud

2.     Not-so-sweet case of one of the favourite chocolate makers

3.     To b(rib)e, or not to b(rib)e?

4.     How to book our flights for free? Not anymore, though, I guess!

5.     Age is not always just a state of mind!

6.     Quick case, about whom?

7.     Global investment bank possibly defrauded??

8.     No discount in fraud….

9.     The story behind how a soaring company was brought crashing down by its owner

10.   Insurance fraud – who is being covered?

11.   Not so good history about one of the most trusted brand

Chapter 12      Qualitative and non-academic takeaways

Chapter 13      Acronyms

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