by CA V. Viswanathan
FCA, ACS, CFE, Registered Valuer (S&FA) | Since 2012
Answer 15 Yes/No questions to generate a weighted forensic risk score. This preliminary screening tool identifies potential red flags that may warrant deeper investigation.
Red flags in financial and operational data are specific patterns that have historically correlated with fraud, misappropriation, or revenue / cost manipulation. ACFE (Association of Certified Fraud Examiners) classifies red flags across financial-statement-fraud, asset-misappropriation, and corruption categories.
Common red flags: round-amount entries above approval thresholds; reversal-and-rebooking patterns at period-ends; disproportionate manual journal entries vs system-generated; vendor master with high concentration of one-time payments; payroll with anomaly patterns (round amounts, post-cutoff additions, ghost employees with no UAN); customer credits at period-end without invoice support; and travel/entertainment expense patterns inconsistent with role/level.
This scanner evaluates submitted data against 50+ red flag patterns derived from ACFE methodology and our 100+ forensic engagement experience. For full forensic investigation under CFE-led methodology, consult CA V. Viswanathan at +91 99622 60333.