Forensic Accounting: An Emerging Approach to Deal with Corporate Frauds in India

Abstract

Corporate sector across the globe is facing challenge from frauds these days. Existing rules and regulations were not sufficient to curb the trend of frauds and a new concept called Forensic Accounting has taken over to fill the void. Few countries like initiated and adopted forensic accounting and other countries like India are yet to follow the suite. This paper discusses the importance of Forensic accounting in Indian scenario and need for India to promote it in the corporate sector. Secondary data was used for writing this paper.