forensic audit News

Exclusive: ICAI's High-Stakes Review of Gensol and BluSmart Audits Sparks Industry Buzz

The ICAI is reviewing audits of Gensol Engineering and BluSmart Mobility after a Sebi probe revealed fund diversion. BluSmart has engaged Grant Thornton for a forensic audit, while...

IndusInd Bank Faces 6% Stock Drop Amid Forensic Audit Over Rs 600 Crore Discrepancy

IndusInd Bank's shares dropped 6% after appointing EY for a forensic audit on a Rs 600 crore discrepancy, raising governance concerns. The bank faces investor skepticism amid ongoi...

Gensol Engineering Promoters Face Market Ban Amid Allegations of Fund Misuse and Fraud

Sebi bans Gensol Engineering promoters from the securities market due to fund misappropriation and governance issues. A forensic audit is ordered to investigate further, highlighti...

IndusInd Bank Faces Rs 1,979 Cr Hit Due to Derivative Portfolio Accounting Lapses: What Went Wrong?

IndusInd Bank discloses a Rs 1,979 crore impact on its net worth due to derivative portfolio accounting lapses, with external audits underway to identify causes and remedial measur...