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Importance of Forensic Accountants Due to the increase in digital transactions and work from home opportunities, there is a significance to investing in forensic accountant teams in work places to mitigate risks associated with online financial activities.  Here are a few key notes; Fraud Detection Forensic accountants specialize in identifying financial discrepancies and fraudulent activities. Their expertise helps organizations detect fraud early, preventing significant financial losses. Enhancing financial transparency By promoting transparency and accountability, forensic accountants help organizations build trust with stakeholders, investors, and customers. Financial investigations They conduct thorough investigations into suspicious financial activities, tracing transactions and gathering evidence. This can include analyzing bank statements, invoices, and accounting records to uncover unauthorized behavior. Regulatory Compliance With increasing regulatory scrutiny, forensic accountants help organizations navigate compliance requirements. They ensure adherence to laws and regulations, minimizing the risk of penalties and reputational damage. Education and training Forensic accountants often conduct training sessions for employees on recognizing fraud and ethical financial practices, fostering a culture of accountability within organizations. As a forensic accountant graduate, forensic accountants are vital in safeguarding financial integrity. Their skills in investigation, analysis, and compliance are essential for preventing fraud, supporting legal processes, and promoting ethical practices in the financial realm. #forensisaccounting #financialforensics

Ensuring Financial Compliance with Virtual Legal Financial Services In today’s complex financial environment, ensuring compliance with financial regulations is crucial for businesses to mitigate risks and avoid penalties. Lexis And Company offers virtual legal financial services to assist attorneys, law firms, and businesses in the UK, USA, Canada, Singapore, Dubai, and Australia. Our cost-effective and comprehensive financial legal solutions help businesses navigate the intricate landscape of financial regulations while ensuring they meet compliance requirements. Our services include financial compliance audits, taxation advisory, corporate governance assessments, and regulatory reporting. We assist businesses in understanding and adhering to the financial regulations governing their industry, including AML (Anti-Money Laundering), FCPA (Foreign Corrupt Practices Act), and financial reporting standards. By outsourcing financial legal services, businesses can reduce the risk of financial mismanagement, ensure accurate reporting, and maintain a strong compliance framework. #FinancialCompliance #VirtualLegalServices #CostEffectiveSolutions #TaxAdvisory #FinancialAudits #RegulatoryReporting #AML #CorporateGovernance #LexisAndCompany Trending Keywords: financial legal services, virtual financial services, financial compliance audits, taxation advisory, corporate governance assessments, regulatory reporting, AML compliance, FCPA compliance, cost-effective financial services, legal outsourcing, financial regulations, business compliance. For more details, visit our website www.lexisandcompany.in or contact us at +91-9051112233 or email us at support@lexisandcompany.in. In our next post, we’ll explore virtual legal risk management services and how they help businesses identify and mitigate potential legal risks. Stay tuned!

🌟 Forensic Accounting in India: A High-Demand Career Path 🌟 Forensic accounting is rapidly gaining prominence in India, driven by the need to detect and prevent financial fraud in an evolving business landscape. This specialized field combines accounting skills with investigative techniques, positioning forensic accountants as key players in cases of fraud detection, litigation support, and risk management. Key Roles of Forensic Accountants: 1. Fraud Detection & Prevention: Forensic accountants analyze financial records to uncover fraudulent activities. 2. Litigation Support: They provide expert testimony and financial analysis in court cases. 3. Financial Crime Investigation: Forensic accountants investigate embezzlement, bribery, and cybercrimes. 4. Compliance Auditing: They ensure that organizations adhere to financial regulations, minimizing risk. Career Pathways and Educational Path: Popular certifications include Chartered Accountant (CA), Certified Fraud Examiner (CFE), and specialized forensic accounting courses, preparing professionals for high-impact roles in sectors like banking, insurance, and government agencies. For those interested in a challenging, impactful career, forensic accounting offers broad opportunities and growth in India's fast-evolving financial sector. Check out the full blog here: https://bit.ly/3YRr7lz #ForensicAccounting #FinancialFraud #CareerInFinance #JaroEducation #FraudDetection

Further to our announcement released on 3 October 2024 relating to the submission of the Data and Compliance Report (DCR) 2024 to Bank Negara Malaysia (BNM) starting from 15 October 2024 to 15 January 2025, BNM issued the AML/CFT/CPF Newsletter 03/2024, on the issuance of DCR 2024. Members who are Reporting Institutions (RIs) are advised to visit https://lnkd.in/gqJUQxRy to submit the DCR 2024. Members are advised to check their applicability status to determine whether require submitting the DCR 2024. Helpful resources such as a step-by-step guide, DCR Information Kit, FAQs, and tutorial videos (releasing soon) are available on the portal to guide RIs. Declaration of Non-applicability of DCR2024 i. Company secretarial firm who does not provide any of the listed Gazetted Activities in 2022 and 2023 are required to declare non-provision of Gazetted Activities; ii. Dormant firms, including firms in the process of striking off, winding up and liquidating (still legally exist); or iii. The firm has no new and existing transaction or client for 2022 and 2023, i.e. inactive firm, newly incorporated/ registered firm in 2024, etc DCR 2024 does NOT apply to: i. Any RI which has been selected and informed for on-site examination or thematic review for 2024; ii. Lawyers, accountants or company secretaries who are 'internal’ professionals that are employees of other types of businesses, or professionals working with government agencies. iii. Firms that have ceased to operate i.e. no longer an RI as per First Schedule of the AMLA. Refer to the AML/CFT/CPF Newsletter 03/2024 here: https://lnkd.in/gMQeCZHP #MAICSA

"8 Years of Legal Expertise: Elevating Banking Operations through Strategic Legal Solutions" As a Law Officer with 8 years of experience in the banking sector, I’ve honed my skills across every facet of legal management, from contract vetting to handling complex litigation. My journey has been both challenging and rewarding, and my passion for the law continues to drive me toward new heights in my career. Key areas of my expertise include: Loan Recovery & SARFAESI: Spearheading recovery actions and mitigating risks associated with NPAs, protecting the bank’s financial stability. Regulatory Compliance: Ensuring the bank’s adherence to RBI guidelines and industry regulations. Consumer & Civil Litigation: Handling high-stakes cases in civil and consumer courts, striving for efficient resolutions. Legal Advisory: Providing strategic legal opinions on loan transactions, contract vetting, and compliance issues. Fraud & Risk Mitigation: Developing legal strategies to manage fraud cases and safeguard assets. I’m continuously driven by a desire to reach new professional heights and make impactful contributions to the banking and financial sector. As I look to the future, I remain committed to advancing my career through strategic legal insights, innovative problem-solving, and fostering long-term partnerships. Let’s connect and explore how legal expertise can drive operational success and risk management for your organization. #BankingLaw #SARFAESI #RegulatoryCompliance #RiskManagement #LegalAdvisory #CorporateLaw #CareerGrowth #LegalExpertise

Forensic accounting is a specialized field of accounting that involves the use of investigative and analytical skills to examine financial records for use in legal proceedings. It integrates accounting, auditing, and investigative skills to uncover fraud, embezzlement, or other financial discrepancies. Forensic accountants often work closely with law enforcement, legal teams, and corporate management to investigate and resolve financial crimes. Key Functions of Forensic Accounting: 1. Fraud Detection and Prevention: Identifying fraudulent activities such as embezzlement, financial statement manipulation, or misappropriation of assets. Implementing systems and controls to reduce the risk of fraud. 2. Litigation Support: Assisting legal teams by providing expert testimony and preparing financial evidence for court. Quantifying damages in cases such as breaches of contract, business disputes, or insurance claims. 3. Asset Tracing: Investigating and identifying the flow of funds and hidden assets in cases like money laundering, bankruptcy, or divorce settlements. 4. Corporate Investigations: Analyzing internal operations and financial reports to detect misconduct or compliance violations within organizations. 5. Valuation Services: Evaluating financial losses or the value of assets in cases of business interruption, shareholder disputes, or mergers and acquisitions. Skills and Tools Required: Accounting and Auditing Knowledge: Strong foundation in accounting principles and practices. Investigative Techniques: Ability to analyze financial records and identify irregularities. Legal Knowledge: Understanding of laws and regulations related to financial crimes. Analytical Tools: Proficiency in using forensic software and data analytics tools like ACL, IDEA, or Excel. Application Areas: Fraud investigations White-collar crime cases Bankruptcy and insolvency investigations Tax evasion and compliance cases Dispute resolution in business or divorce cases #snsinstitutions #snsdesignthinking #designthinkers

🚨Seeing lots of social media posts and press releases about new Partners in accounting firms. While it is easy to get caught up in the excitement of a new career stage, its important that you don't land straight into regulatory hot water. Start off correctly by ensuring you: ✅ are approved by your firms AML Supervisor as a BOOM (required by legislation to have been done BEFORE becoming a partner) ✅have a practising certificate if an ICAS - The Professional Body of CAs member https://buff.ly/3QWaEYc 🏫If you're new to partnership, or likely to become a partner in the next 12 months, come along to our Practice Management Course to learn about the responsibilities of being a partner. Practical and going beyond just the regulatory side, this will help you set off on your journey with a positive destination. Find out more and book 👉https://buff.ly/3upnCGK

🎶We’re looking for a DPO in finance…. While the world of TikTok might be obsessed with 6”5, blue eyes finance guy – we’re more interested in speaking to the finance DPOs interested in improving their subject access request processes. We’ve seen a 15% increase in the number of SAR complaints about the finance sector and have advice for the sector on how to improve: 1) Assess your current compliance. Data protection is more than a tick box exercise, and you need to ensure that the processes and approaches you’ve put in place really work. Our Accountability Framework has a number of questions to help you assess your approach and work out where you may need to make changes. https://lnkd.in/eX3JrpcW 2) Think about records management. If you know what information your organisation holds about people, where you keep it and how you can search for it, you’ll find it easier to handle your next SAR. You should have: • a well-structured file plan; • standard file-naming conventions for electronic documents; and • a clear retention policy about when to keep and delete documents. Read our guide to finding information: https://lnkd.in/etJDnsS2 Assess your approach with our Accountability Framework: https://lnkd.in/enpZcPvd 3) Consider your company culture. Information management and successful SARs rely on the whole organisation – not just the information management team. Do your colleagues understand the role they have to play? Our accountability framework has questions to help you assess yourself and case studies to learn from others best practice: https://lnkd.in/eMFTuvdV

Interesting stats from the ICO re 15% increase in the number of SAR related complaints about the finance sector. I know many FS institutions have seen an increase in SARs in the last 12months or so which is likely to have had an impact but clearly there are some structural imropvements needed. The ICO shares some useful tips on improving existing processes. Clearly over arching message is the importance of embedding any process to meet your business need and ensuring your people are brought along on that journey. Get in touch with me, our SARs gurus Stephanie Baker and Lauren McKeever or any of the team if you would like our top tips. We also have a webinar coming up later in the year on this topic so get in touch if you're interested in joining us. Orla Middlemiss Lucas Saric Stephanie Baker Karmen Yee Jan-Alexander Greiwe Shivani Shenoy Rebecca Vernon Michelle Yee Loo Lee Jack Pickering Lauren McKeever

💢 30th September !! A Critical Deadline for CAs and CSs, 1. Audited Financial Statements: Ensure timely audit and submission of financial statements for the previous financial year. 2. Annual General Meeting (AGM): Conduct the AGM on or before 30th September, adhering to statutory requirements. 3. Director KYC: Complete KYC verification for all directors, ensuring regulatory compliance. 4. CSR Compliance: For companies with unspent Corporate Social Responsibility (CSR) amounts as on 31st March 2024, other than ongoing projects then companies are required to transfer the funds to specified schedules under the Companies Act, 2013. Remember, meeting these deadlines is essential to avoid penalties and maintain compliance. #MCA #Audit #IT Stay Connected and Stay Updated CA Shefali Thakkar