In the specialist field of accounting known as "forensic accounting," financial knowledge is used to look into and settle legal disputes and financial crimes. The need for forensic accounting knowledge has increased in recent years as businesses and organizations are under more pressure to adhere to complicated standards and stop financial wrongdoing. The trend has been affected by a number of factors, including the growth of international trade, the rapid improvement of technology, as well as the threats posed by ransomware. As a result, many businesses now understand the value of having forensic accountants on staff or retainers to aid in the detection and avoidance of financial crime and investigate and resolve legal issues.The significance of forensic accounting is examined in this essay as the requirement that it be included in curricula for higher education. A brief history of forensic accounting is given at the outset, and then a review of the literature on the subject's significance and efficacy in identifying and preventing fraud follows. To do this, research will be done on the economic effects of fraud, the efficiency of forensic accounting in identifying and preventing fraud, and the state of forensic accounting education right now. Then, a survey of accounting professionals is undertaken to acquire information regarding the perceived significance of forensic accounting and the requirement of integrating it into higher education courses. The survey results are analyzed to ascertain the perceived significance of forensic accounting and the necessity for ongoing study in this field. This article will thoroughly evaluate the significance of forensic accounting, the necessity of incorporating it into higher education courses, and the need for ongoing forensic accounting research using the analyzed survey results.