FORENSIC ACCOUNTING IN INDIAN PERSPECTIVE

Abstract

The purpose of this article is to throw some light on the frauds in terms of account happens in India. From the available literature, the effective forensic accounting techniques are to be focused. There are two ways to implement the techniques which includes, first, introduce the forensic accounting methods in business and second, merge the traditional organizational control system with modern system of detecting forensic fraud with the help of forensic accountant. The conclusion of this article is detecting frauds and the causes behind not get detected on early stage. How to spot frauds by using different techniques and how to mitigate the fraud in India by using the techniques to spot the fraud timely.By focusing on the roots and avoiding the situation causing accounting frauds by implementing the forensic accounting. The novelty of this study is forensic accounting from view point of India. KEY WORDS: Forensic Accounting, Financial Scams, Fraud, Investigative Functions, Forensic Audit