Role of Forensic accounting in India
Corporate frauds and Scams, Forensic Accounting, Forensic accountant, White-collar crimes.
The growing complexities of business and commercial operations, the financial irregularities and also increase of the mindless obsession for profit maximization at any cost when carried to any extreme can lead to failures like SATYAM, ENRON; WORLDCOM has extreme negative impact on the survival and growth of any economic entity. There are no appropriate conventional accounting and auditing procedures that can provide absolute assurance in preventing and detecting all fraudulent financial reporting. The idea of forensic accounting has gained popularity in India due to an unchecked rise in corporate frauds, financial reporting discrepancies, and other white-collar crimes. Forensic accounting has become a relatively new and successful instrument to accountants to uncover errors and malpractices in the accounting industry. Forensic accounting detects and prevents corporate frauds and scams. Forensic accounting has recently acquired popularity in India due to the sharp rise in white-collar crimes and the notion that our policing agencies lack the expertise to uncover frauds. The corporate framework, numerous provisions, and the application of forensic accounting in examining corporate frauds scams in India are the main topics of this research. This research is an exploratory and theoretical in nature and attempts to highlight the scope and the modus operandi of forensic accounting in the back drop of rising corporate frauds in India.
"Role of Forensic accounting in India", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 3, page no.c56-c67, March-2023, Available :https://ijnrd.org/papers/IJNRD2303210.pdf
Volume 8
Issue 3,
March-2023
Pages : c56-c67
Paper Reg. ID: IJNRD_188879
Published Paper Id: IJNRD2303210
Downloads: 000118862
Research Area: Commerce
Country: Bengaluru, Karnataka, India
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
