An Insight into Forensic Accounting
DOI:
https://doi.org/10.37506/ijfmt.v17i1.18887Keywords:
Forensic Accounting, economy, frauds, global economy, investigative skills, economic crime, forensic science etc.Abstract
Forensic accounting comes under the category of relatively new profession that utilizes various methodologies and
implementation of various techniques. This field of forensic science is structured and constructed by keeping in
mind the world’s economy, society and legislation. With the increasing number in financial accounting deceptions
and frauds in the global economy, forensic accounting has become the field tagged as savior for the safety for
the financial administration process of academic, research and commercial institutions. The total combination of
accounting, auditing and investigative skills signify this specific field. Just as forensic science has been implemented
to capture the criminals for long, forensic accounting is fast emerging in the arena of corporate accounting frauds
to play a similar role. The purpose of this study is to develop an innovative approach of combating economic crime
using the forensic accounting techniques by reviewing the previous studies made on this field of forensic science.
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