E-pharma company: Avoid any legal issues that could harm business
Akgvg & Associates Blog » Forensic
by admin
3M ago
E-pharma companies have gained significant attention in India in recent years. These companies have provided customers with an easy and convenient way to purchase medicines online. However, with the current strict show cause notice issued to top e-pharma companies regarding state licenses and other related regulations, it has become clear that these companies need to be vigilant about following the law. This article will discuss why e-pharma companies must remain on the correct side of the law and avoid any legal issues that could harm their business. (Read also: Emphasize compliance with rel ..read more
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Forensic auditing in corporate governance
Akgvg & Associates Blog » Forensic
by admin
3M ago
Forensic auditing is a critical process investigating financial fraud and mismanagement within a company. With the growing demand for improved corporate governance practices, the importance of forensic auditing has become increasingly prominent in recent years. In this blog post, we would examine the role of forensic auditing in corporate governance, its significance in detecting and preventing financial irregularities, and its benefits to organizations. An overview of forensic auditing  Forensic auditing is a specialized branch of accounting that employs investigative techniques to unco ..read more
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Forensic Accounting: The solution for the economic security of the organization
Akgvg & Associates Blog » Forensic
by admin
6M ago
The behaviour of management influences the culture of the company. Incorrect accounting practices, insufficient internal controls, incomplete or outdated documentation of procedures, and ineffective or absent auditors pave the way for fraudulent behaviour. The evolution of society has also brought changes in business models. Economic development, the emergence of new technologies, and digitization has led to a radical transformation of the business concept and the way a business is run. In this context, risk management and mitigation tools are vital for any organization. Effective control ove ..read more
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Forensic Accounting: How to perform it?
Akgvg & Associates Blog » Forensic
by admin
6M ago
Many operational measures are extremely important to detect failures within a company. One such measure is to hire an accounting expertise service. If you are an entrepreneur and want to increase production capacity, detect internal errors and optimize the structure of your business, forensic accounting may be the ideal solution to make it all work. For companies, maximizing the potential of your enterprise can be a necessary step to stand out economically and financially. And for that, nothing better than hiring an accounting expert. But do you know what this forensic accounting service is ..read more
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5 Crucial tips for performing a forensic audit
Akgvg & Associates Blog » Forensic
by admin
6M ago
A forensic audit, also known as an independent audit, is one of the many ways businesses can ensure they are accountable to their customers, suppliers, and investors. It involves an outside company or auditor looking through a company’s books and records to ensure there aren’t any problems with how funds are being spent or how assets are being managed. Forensic accounting isn’t something you’ll find on the syllabus of your accounting courses. Still, it is a beneficial skill if you look at someone else’s finances and ensure they add up correctly. Suppose you have reason to believe that fraudul ..read more
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Necessity of forensic audit
Akgvg & Associates Blog » Forensic
by admin
7M ago
An inspection and assessment of a company’s or person’s financial records are done as part of a forensic audit to use them as evidence in a court of law or legal proceeding. It assists in the detection of fraud in a high-risk setting at work. A party accused of fraud, embezzlement, or other financial offenses may be prosecuted using the results of a forensic audit. Forensic audits require a specialist understanding of the legal framework of the audit as well as accounting and auditing procedures. A wide range of investigation procedures aimed at reducing corporate fraud are included in forensi ..read more
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Corporate fraud: Consequences and monitoring
Akgvg & Associates Blog » Forensic
by admin
9M ago
Corporate fraud is an unfortunate but too-common occurrence, especially when it comes to large corporations and businesses. Corporate fraud—whether intentional or accidental—can have extremely negative consequences on a company’s reputation, financial status, and more. While most companies work hard to ensure that they are doing everything they can to remain honest and transparent in their business dealings, sometimes the temptation can be too great to resist, resulting in an embezzlement scheme or other form of corporate fraud being put into play by the higher-ups in the company. If you care ..read more
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Fraud occurrence and placebo effect
Akgvg & Associates Blog » Forensic
by admin
9M ago
The placebo effect term is very well known in the medical world as this term is used to provide make‐believe or an illusionary treatment to the identified patients. With the usage of certain substances like sterile water or a pill of sugar, a perceived beneficial impact is created. It does not have any medical significance however, in some cases, they tend to produce real responses. What works and a key element is the expectations of the patient. The more they expect the treatment to work, the more chances of exhibiting a placebo response are higher. It makes the patient comfortable, however ..read more
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How Forensic Analysis is Conducted?
Akgvg & Associates Blog » Forensic
by admin
10M ago
Forensic accounting services In Delhi use various investigative techniques and tools. The process of determining the cause, progression, and effects of a security incident, as well as any violations of federal, state, or local laws, is known as forensic analysis. In court hearings, forensic analysis is frequently utilized to present evidence, particularly in criminal investigations. The Procedure for Carrying Out Forensic Analysis Conducting a thorough forensic analysis involves five essential components, all of which are essential to a successful inquiry. Investigators can link digital ..read more
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Financial Due Diligence- A Brief Insight
Akgvg & Associates Blog » Forensic
by admin
10M ago
What understands with Financial Due Diligence? The term “financial due diligence” refers to an investigation of a company’s financial affairs. It is a thorough examination of a company’s past and projected patterns in order to verify their relevance and accuracy. Primary Focus area of Financial Due Diligence Revenue generation is examined, as well as the quality of earnings, cash flows, and margins. Revenue continuity factors such as working capital, financial debts and liabilities, taxes, interest, depreciation, and projected financial numbers. Identifying possible obligations and liabilitie ..read more
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