Computer Science & Electrical

Computer Science & Electrical

FINANCIAL INVESTIGATION AND FORENSIC ACCOUNTING TO AVERTING OF CORPORATE FRAUD

Pages: 0  ,  Volume: 1  ,  Issue: 1 , September   2017
Received: 05 Sep 2017  ,  Published: 10 October 2017
Views: 269  ,  Download: 103

Authors

# Author Name
1 Dr. Atul Bansal

Abstract

Financial investigation and Forensic Accounting have been in focus in recent years mainly due to 
an excess of frauds that have taken place in the corporate sectors. The value of frauds executed in 
these sectors has been very large and caused severe financial strain on individuals, corporations 
and  the  government.  Many  of  these  financial  frauds  could  have  been  detected  earlier  and 
possibly  avoided  by  the  use  of  forensic  accounting  techniques.  The  aim  of  this  study  is  to 
determine  the  financial  investigation  and  Forensic  Accounting  to  averting  the  frauds  and 
misrepresentations in the corporate houses. 
The  study  attempts  to  identify  the  cause  of  frauds,  the  psychology  of  the  typical  fraudster,  the 
warning signs of an impending or recurring fraud and measures to detect and prevent frauds. An 
analysis is made of Forensic Tools that can analyze data and detect unusual events that could act 
as  an  indicator  of  frauds.    The  study  seeks  to  establish  the  forensic  practices  in  vogue  in  the 
industry and its usage among the various professional categories of accounting professionals.  
The  prospects  of  the  profession,  the  educational  and  training  requirements  are  also  evaluated. 
The  study  also  uses  a  high  level  forensic  tool  in  a  case  study  into  the  major  Indian  Cement 
companies  to  detect  whether  prima  facie  there  has  been  a  likely  manipulation  of  the  books  of 
account.  

Keywords

  • Forensic accounting
  • financial frauds
  • misrepresentation
  • miscellaneous fraud
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