This document presents the first draft of the Forensic Accounting and Investigation Standard (FAIS) on Basic Principles, issued by the Digital Accounting and Assurance Board (DAAB) of India. It outlines fundamental principles for professionals conducting forensic accounting and investigation assignments, covering aspects like independence, objectivity, due professional care, confidentiality, skills, contextualisation, truth, rights, and quality. This draft is intended for public comment and is crucial for standardising work in this specialised area.