Aakancha Dixit
Uncovering Financial Frauds
Thane
Summary
An astute professional with over 10.5 years of experience in servicing large and medium sized clients in the areas of Forensic Investigation, Anti-Fraud Consulting, Arbitrations, Fraud Risk Management Controls, Forensic Audits and ASM audits of Banks and Internal Audit, Process Controls Reviews and IFC reviews. Has led and managed the execution of several high-profile fraud investigations engagements including those for Government Agency and Multinational Corporations. Deft at conducting risk assessment, testing / evaluation of records and designing /conducting the internal audit process. Skilled in documentation review, maintaining and filing documents, performing quality check procedures, research on companies and details thereof. Expertise in performing fraud investigations, fraud risk assessments, data analytics and FCPA compliances. Adept at developing an understanding and application of fraud investigation/ internal audit approach, methodology and tools. Expertise at performing in-depth control assessments, document test requirements and suggesting remediation alternatives where necessary. Skilled in improving operations, enhancing business growth & maximizing profits through the achievements in finance management, internal controls & productivity improvements. Excellent analytical, relationship management and communication skills with proven ability in liaising with banks, financial institutions and regulatory authorities.
Versatile Senior Manager specializing in forensic investigations and skilled at planning, implementing and overseeing key improvements to drive business growth and efficiency. History of cultivating an open culture with free exchange of information. Pursuing new professional challenges with a growth-oriented company.
Experienced leader with strong background in guiding teams, managing complex projects, and achieving strategic objectives. Excels in developing efficient processes, ensuring high standards, and aligning efforts with organizational goals. Known for collaborative approach and commitment to excellence.
Overview
2025
2025
years of professional experience
2011
2011
years of post-secondary education
4
4
Languages
Work History
Senior Manager
Baker Tilly ASA India LLP
Mumbai
09.2023 - Current
- Highly motivated and results-oriented forensic professional with 10+ years of experience in investigating and uncovering financial frauds. Possesses a deep understanding of financial regulations, accounting principles, and investigative techniques. Adept at collecting and analyzing complex financial data, identifying anomalies, and preparing comprehensive reports for legal proceedings. Proven ability to collaborate effectively with law enforcement, legal teams, and internal stakeholders. Seeking a challenging role to leverage my expertise in combating financial crime and upholding ethical business practices.
- Established strong relationships with clients and stakeholders, ensuring long-term partnerships and repeat business.
- Implemented and developed operational standards, policies and procedures.
- Held monthly meetings to create business plans and workshops to drive successful business.
- Provided strong leadership to enhance team productivity and morale.
- Collaborated closely with peers from other departments to drive organizational success jointly as one cohesive unit.
- Consistently met or exceeded annual performance targets set by senior leadership.
- Reduced costs, optimized resource allocation, and improved efficiency in managing projects.
Associate Director
Baker Tilly Advisors Pvt. Ltd
Mumbai
8 2019 - 08.2023
- Spearhead the business development activity for law firms
- Role includes identifying potential leads, liaison with them, set up meetings, managed and maintained a structured analysis of target markets, potential clients, and documentation for the same
- Created and managed a database of lawyers, Private equity firms and companies for reaching out for synergies
- Preparation of service related brochures, proposals etc., for prospective clients
- Leading and managing multiple engagements related to disputes, whistle-blower investigations, ASM and Forensic Audit, Asset Tracing, Integrity Due Diligence, etc
- Independently managed multiple fact-finding projects for Mazars UK, Mazars USA, Mazars Canada and Mazars Vietnam
- The projects involved extensive document review (Invoices, bank statements, credit card statements etc.) and calculation of financial obligation for the clients
- The engagements also involved managing team ranging between 3 to 15 team members
- Conducted multiple whistle-blower investigations (domestic and international), identifying Vendor-Employee nexus and fraudulent payments and claims for Media and Market Research clients
- Managed forensic data analytics project for Mazars Vietnam, wherein the client was contemplating acquiring a food delivery business
- Mazars Vietnam was performing the Financial due diligence, while the data analytics activity was carried out by the India team
- Managed engagements related to Level 1 background searches for clients on their investee companies to identify any negative concerns related the entity or its promoter
- The scope included checks related to profiling, status, regulatory, credit, litigation etc., checks on open source and subscribed databases, social media searches and negative strings
- Managed Forensic Audits and ASM audits for Banks (Domestic and International) for select NPA accounts to identify potential diversion of funds
- The engagements involved review of Financial documents of Target companies and its subsidiaries, review of bank statements and preparation of fund trail to identify end use of funds, performing Fraud Data Analytics to identify movement of funds and potential diversification of funds through related business entities, conducting comprehensive desktop searches to Identifying directorship and other business interest and gathering information on litigation, anti-money laundering, government provided information, Registrar of companies etc
- To identify any red flags
- Managed engagements related to asset tracing for domestic as well as international clients, wherein assets owned by the target (additional and through other entities/relatives) and review of financial data was to be performed to identify potential diversion of funds
- Preparation of reports and MIS, budgeting and forecasting for client
- Comparing historical results against budgets and forecasts, and performing variance analysis to explain differences in performance and make improvements going forward
- Conducted a data analytics assignment for a Chemical Multinational Company wherein advanced analytics were to be performed on multiple scripts and the results were to be presented as a dashboard in a graphical AI tool
- Independently handling audit assignments pertaining to procure to pay function, commercial, Marcomm expenses audit, revenue, capex review, waivers and adjustments, asset lifecycle review for Telecom and IT clients
- End to end management of projects starting from team formation, carrying out data analytics for red flags identification, preparation of summary of issues for team briefing, audit execution, documents review, identification of process gaps and finding red flags therein, preparation and finalization of report along with discussion of the same with the client
- Co-managed more than 3 tax evasion engagements with federal tax agencies unearthing evasions of more than 1500 crores and lead a team of up to 10 professionals which consist of forensic technology and forensic accountants and also helped federal tax agencies in their search & seizure operations as well as post search forensic analysis
- Experience in Fraud Investigation, Forensic Reviews, FCPA Compliances, Anti-Bribery Reviews Email Reviews, Data Analytics, Transaction Testing and Document Review for red flags identification across multiple sectors, such as Telecom, Media, Infrastructure, Manufacturing, IT, FMCG etc
- Conducted financial due diligence for 'Expert Testimony' for a large arbitration engagement for an Oil and Gas Conglomerate
- The engagement involved review of financial data pertaining to taxes and vendor payments and documentation of workings thereof
- Co-managed a large vendor fraud investigation for a Power Infrastructure Company pertaining to inflation of vendor invoices and establishment of vendor-employee nexus by performing data analytics and electronic media review
- Conducted Fraud Risk Assessment / internal audit in the areas of procurement, and sales and revenue for IT, Telecom, FMCG and healthcare Companies
- Performing pre-audit, procurement review, verification and authorization of payments to be made by the client along with dealing with bankers for query resolution
- Carrying out process review across multiple functions in the organization, reviewing and evaluating the efficiency of internal controls and identifying areas with weakness/ areas susceptible to fraud
- Carrying out fraud risk assessment along with control review
- Organizing and implementing the internal audit function by preparing an effective audit plan and delegation of teams for audit function
- Drafting, preparing and finalizing the audit reports, SOP's and Process Notes
- Complying with the internal policies and controls and external standards, ROC and Statutory Authorities
- Making recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
- Identifying the controls and process related weaknesses, documentation of main control points and support for report recommendations
Assistant Manager
BDO LLP
11.2018 - 08.2019
Senior Consultant
ANB GLOBAL Solutions Pvt. Ltd
01.2017 - 10.2018
Consultant
Ernst & Young LLP, Mumbai
07.2014 - 06.2016
ERS Consultant
Deloitte Haskins & Sells Mumbai
05.2013 - 07.2014
Assistant Audit Manager
N M Kapadia & Co, Chartered Accountants, Mumbai
09.2011 - 04.2013
Education
CA Final -
ICAI
PCC - undefined
ICAI
CPT - undefined
ICAI
M.Com. - undefined
Calcutta University
B.Com. (Hons) - undefined
Shri Shikshayatan College
Skills
Analytical and Investigative Skills
Executivesummary
Forensic Investigation, Anti-Fraud Consulting, Arbitrations, Fraud Risk Management Controls, Forensic Audits, ASM audits of Banks, Internal Audit, Process Controls Reviews, IFC reviews, Risk assessment, Testing / evaluation of records, Internal audit process, Documentation review, Quality check procedures, Research on companies
Extramuralengagements
- Bagged prize for class topper in class X
- Regular participant in school sports and cultural programs
Personal Information
Date of Birth: 04/03/88
Key Deliverables
- Spearhead business development activity for law firms
- Created and managed a database of lawyers and corporates
- Preparation of service-related brochures and proposals
- Leading multiple engagements related to disputes and investigations
- Managed multiple fact-finding projects for Mazars across various countries
- Conducted whistleblower investigations
- Managed forensic data analytics projects
- Managed engagements related to background searches
- Managed forensic audits and ASM audits for banks
- Managed asset tracing engagements
- Preparation of reports and MIS
- Conducted data analytics assignments
- Handled audit assignments for various clients
- Co-managed tax evasion engagements
- Experience in Fraud Investigation and Forensic Reviews
- Conducted financial due diligence for arbitration engagements
- Co-managed vendor fraud investigations
- Conducted Fraud Risk Assessment/internal audits
- Carried out process reviews and fraud risk assessments
- Organized and implemented internal audit functions
- Drafted and finalized audit reports and SOPs
- Made recommendations on systems and procedures
Reading, Travelling, Painting
Love to read books, travel and explore new places and like to paint in my free time
Timeline
Senior Manager
Baker Tilly ASA India LLP
09.2023 - Current
Assistant Manager
BDO LLP
11.2018 - 08.2019
Senior Consultant
ANB GLOBAL Solutions Pvt. Ltd
01.2017 - 10.2018
Consultant
Ernst & Young LLP, Mumbai
07.2014 - 06.2016
ERS Consultant
Deloitte Haskins & Sells Mumbai
05.2013 - 07.2014
Assistant Audit Manager
N M Kapadia & Co, Chartered Accountants, Mumbai
09.2011 - 04.2013
PCC - undefined
ICAI
CPT - undefined
ICAI
M.Com. - undefined
Calcutta University
B.Com. (Hons) - undefined
Shri Shikshayatan College
Associate Director
Baker Tilly Advisors Pvt. Ltd
8 2019 - 08.2023
CA Final -
ICAI
Similar Profiles
Varun ShettyVarun Shetty
Delivery Manager at Baker Tilly Pierian Managed Services LLPDelivery Manager at Baker Tilly Pierian Managed Services LLP
Karen SanchaKaren Sancha
Tax Accounting Intern at Baker Tilly US LLPTax Accounting Intern at Baker Tilly US LLP
Nazifa IkromovaNazifa Ikromova
Tax Preparer at Baker Tilly LLPTax Preparer at Baker Tilly LLP