Forensic Accounting as a White-Collar Crime Detection Tool: A Study

Abstract

Thefnancial frauds are increasing at an alarming rate. The stake holders have lost a huge amount of money through these fnancial frauds. India is no way different. Even though it has a huge potential to grow the increasing fnancial frauds and white-collar crimes are a hindrance to it. To put an end to it we require a tool called forensic accounting. Forensic accounting is an integration of accounting, auditing and investigation. They keep on looking at the possibility of exposing frauds. They are meant for identifying the transactions which are not authentic and gathering evidence against the same which can be provided as a proof in the court of law. Forensic accounting is at an infant stage. And through our study we would like through analyse the extent to which forensic accounting act as a detection tool in reducing white collar crimes. And this study would throw light on the stakeholders who are still unaware of this concept and thus their chance of getting cheated become reduced. And there by a reduction in fnancial frauds and white-collar crimes.