Formal science is concerned with abstract structures described by formal systems, such as logic, mathematics, statistics, theoretical computer science, artificial intelligence, information theory, game theory, systems theory, decision theory, and theoretical linguistics. Whereas the natural sciences and social sciences seek to characterize physical systems and social systems, respectively, using empirical methods, the formal sciences use language tools concerned with characterizing abstract structures described by formal systems. The formal sciences aid the natural and social sciences by providing information about the structures used to describe the physical world, and what inferences may be made about them.
Financial forensic is the analysis of financial fraud related incidents and relevant evidences to justice. All financial institutes and industries facing the financial fraud and crime as there is digitization and volumes of data. In this case financial forensic play crucial roles. Financial forensic involves various financial auditing, accounting, quantification, volumetric and forensic test to manage the risk of financial fraud and to find the root cause of the financial fraud where the Forensic Experts work accordance with standard codes of financial forensic practice.
The incidents of frauds in the financial service sector are increasing. The fraud prevention and the management function in the organisation to prevent fraud stated the prevention, detection and deterrence of fraud and the roles and responsibilities of the senior management in fraud prevention and management function. The challenge for banks is to develop comprehensive fraud risk management controls that will not only prevent frauds, but also detect them as soon as they occur and respond. Our Forensic Experts team has the experience and tools to assist in the design, implementation, and assessment of anti-fraud programs and controls.
It provides advanced data analysis services within the public order and security sector who wish to extract essential information from large quantities of digital data. Developing new data analysis techniques and testing existing ones. Advising on the design of data analysis systems in an existing or new organisation. Forensic Big Data Analytics can also provide solutions tailored to the client’s specific problem. It includes Text mining, Data profiling, financial data analysis, social network analysis.
The aim of the organization is to meet challenges and provide high quality, on time and credible forensic services to fulfil the need of forensic services of the nation to help in justice.
KK Chamber, Ground floor,
Sir PT Marg, Fort,
Mumbai, Maharashtra 400001
Tel: 022 49743725