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Abstract
Forensic accounting is barely a new field, but in present years the increased in number of frauds and the helplessness of the professionals to combat them have brought the Forensic Accounting in the limelight. Forensic accounting is the province practice area of accounting that designates engagements which result from actual or anticipated litigation. Forensic accounting is very important mechanism to detect, investigate and prevent the frauds. In order to identify and prevent financial frauds and white-collar crimes Forensic accounting is creating use of various tools. Forensic Accountants are currently in great demand, with the public need for honesty, fairness and transparency in propagation and increasing exponentially. These Forensic accountants need accounting, finance, law, investigative and Research skills to identify, interpret, correspond and prevent fraud. As more and more companies look for forensic accountants and professional institutes offer certifications in the area, it is becoming apparent that the forensic accountant has a skill set that is very different from an auditor or a financial accountant. In India unfortunately it is being used as an exploratory tool, rather than a proactive tool. If forensic auditing is made mandatory in various sectors, many of the scams can be controlled. It has been suggested that appointment of forensic accountant should be made compulsory in public sectors and large-scale companies for the sustainable development of the country.
"Forensic Accounting: Improve Skillset and Forming Regulatory Body for Forensic Accountants in India", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.11, Issue 7, page no.a98-a104, July-2026, Available :http://www.ijrti.org/papers/IJRTI2607011.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator