Forensic accounting is the application of accounting principles, theories and disciplines to facts or hypothesis at issues in a legal dispute and encompasses every branch of accounting knowledge. In other words, forensic accounting is the assimilation of accounting, auditing and investigative skills. It is used for examination of fraud from inception to disposition, including obtaining evidence, interviewing, writing reports, and testifying. Although of recent origin, but in recent years, banks, insurance companies and even police have started taking help of forensic accountants. Significant increase in white collar crime now these days and the problems faced by the law enforcement agencies in resolving them have also contributed to the growth of the profession. In this backdrop the present study attempts to provide an insight into the development of forensic accounting in India as an effective measure to combat with surging number of financial scams and frauds these days.
Forensic Accounting, Financial Scams, Forensic Accounting Techniques
Dr. Basab Kumar Sil "A Review of Forensic Accounting in India" Iconic Research And Engineering Journals Volume 5 Issue 12 2022 Page 149-154
Dr. Basab Kumar Sil "A Review of Forensic Accounting in India" Iconic Research And Engineering Journals, 5(12)