Services
Insolvency & Transaction Audit
Specialised services under the Insolvency and Bankruptcy Code (IBC) to assist Resolution Professionals, lenders, creditors, and other stakeholders in analysing financial transactions and identifying potential irregularities. Our partners hold IBC certifications and our forensic practice has direct experience in insolvency-related audit and investigation work.
Who This Is For
Resolution Professionals managing Corporate Insolvency Resolution Processes (CIRP), lenders and financial creditors assessing transaction history, and other stakeholders who need an independent transactional review under the IBC framework.
What's Included
- ✓Transaction Audit under IBC
- ✓Preferential Transactions Review
- ✓Undervalued Transactions Review
- ✓Fraudulent Transactions Review
- ✓Extortionate Credit Transactions Review
- ✓Avoidance Transaction Analysis
- ✓Fund Flow Analysis
- ✓Related Party Analysis
- ✓Financial Statement Review
- ✓Asset & Liability Verification
- ✓Forensic Investigation
- ✓Assistance to Resolution Professionals
Our Approach
Map the look-back period.
Transaction audits under IBC require analysis of specific periods before insolvency commencement. We identify the relevant window and gather all available transactional data for the review.
Examine transactions against IBC categories.
Preferential, undervalued, fraudulent, and extortionate transactions are assessed against the IBC definitions under Sections 43–51. Related party flows and fund diversion are examined alongside.
Report to the standard the process demands.
Transaction audit reports under IBC are submitted to Resolution Professionals, the NCLT, and creditors. We produce reports that satisfy those requirements and hold up to scrutiny.
Why SASVA & Associates
- ✓Partners certified in IBC (ICAI)
- ✓We are IBA-empanelled as Forensic Auditor - covering forensic investigation within insolvency proceedings
- ✓75+ forensic and transaction audit assignments since 2018, including IBC-related engagements
- ✓Experience with insolvency resolution and rehabilitation of companies
- ✓Partners well-versed in IBBI valuation alongside transaction audit
Related Services
Frequently Asked Questions
What is a transaction audit under IBC and when is it required?
A transaction audit under IBC reviews transactions entered into by a company before the insolvency commencement date to identify those that may be preferential, undervalued, fraudulent, or extortionate. It is typically commissioned by the Resolution Professional or ordered by the NCLT.
Do your partners hold IBC certifications?
Yes, several of our partners hold IBC certifications from ICAI.
Can you assist Resolution Professionals directly during a CIRP?
Yes. Assistance to Resolution Professionals is a specific part of our insolvency and transaction audit services.
Do you conduct related party analysis as part of a transaction audit?
Yes. Related party analysis and fund flow analysis are standard components of our IBC transaction audit work.
Do you also handle valuation for insolvency proceedings?
Yes. Valuation for insolvency proceedings is covered under our Valuation Services, and our partners hold relevant IBBI valuation qualifications.