Forensic audits are becoming increasingly popular in India. The forensic audit is a form of investigative audit that is used to uncover any potential fraud or mismanagement of funds. It is a detailed review and analysis of financial records, documents, books, and other material that are essential to making sure that a company is not engaging in any form of fraudulent activities.

The cost of a forensic audit in India can vary greatly, depending on the complexity of the case and the size of the business. Generally, the cost of a forensic audit in India is determined by the number of documents and records that need to be analyzed, the extent of the research and investigation that needs to be conducted, the complexity of the case, and the expertise of the audit team.

For the most basic forensic audit, the cost in India can range from Rs. 5,000 to Rs. 10,000 per hour. However, this cost can vary greatly depending on the size of the business, the complexity of the case, and the expertise of the audit team. For a more complex forensic audit, the cost can range from Rs. 50,000 to Rs. 1 lakh per hour.

There are also several other factors that can affect the cost of a forensic audit in India, such as the number of documents and records that need to be analyzed, the extent of the research and investigation that needs to be conducted, and the complexity of the case. In addition, the cost of the audit also depends on the reputation and experience of the audit team.

The cost of a forensic audit in India also depends on the type of audit required. If the audit is being conducted to detect fraud or irregularities, then the cost of the audit is likely to be higher than for a compliance audit. The other factors that can influence the cost of a forensic audit in India include the quality of the auditor, the number of days that the audit is conducted and the complexity of the financials of the organisation. In general, the cost of a forensic audit in India can range from Rs. 25,000 to Rs. 8 lakhs, depending on the scope and complexity of the audit. Therefore, it is important to ensure that the scope of the audit is clearly defined and that the auditor chosen has the necessary qualifications and experience to conduct the audit.

Ultimately, it is important to understand that the cost of a forensic audit in India can vary greatly depending on the complexity of the case and the expertise of the audit team. It is important to discuss all of these factors with the audit team before the audit is conducted in order to ensure that the best and most cost-effective option is chosen.