An Insight into Forensic Accounting

Abstract

Forensic accounting comes under the category of relatively new profession that utilizes various methodologies andimplementation of various techniques. This field of forensic science is structured and constructed by keeping inmind the world’s economy, society and legislation. With the increasing number in financial accounting deceptionsand frauds in the global economy, forensic accounting has become the field tagged as savior for the safety forthe financial administration process of academic, research and commercial institutions. The total combination ofaccounting, auditing and investigative skills signify this specific field. Just as forensic science has been implementedto capture the criminals for long, forensic accounting is fast emerging in the arena of corporate accounting fraudsto play a similar role. The purpose of this study is to develop an innovative approach of combating economic crimeusing the forensic accounting techniques by reviewing the previous studies made on this field of forensic science.