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VOL. 1, ISSUE 1 (2025)
The rise of forensic accounting in India: A game changer in financial fraud detection
Authors
Anjali
Abstract
Forensic accounting has emerged as a vital discipline in India,
bridging the gap between accounting, auditing, and investigative techniques to
detect and prevent financial fraud. With the rise of corporate scandals,
banking irregularities, and complex financial crimes, traditional auditing
mechanisms often fall short of uncovering hidden manipulations. Forensic
accounting addresses this gap by integrating legal knowledge, data analytics,
and specialized investigative skills. In recent years, India has witnessed a
surge in demand for forensic accountants, particularly following high-profile
frauds such as the Satyam scandal, Punjab National Bank (PNB) fraud, and
non-performing asset (NPA) crises. Regulatory bodies like SEBI, RBI, and the
Serious Fraud Investigation Office (SFIO) have increasingly recognized the
importance of forensic accounting in strengthening corporate governance and
financial transparency. Moreover, the advent of technology-driven forensic
tools—such as digital forensics, data mining, and AI-powered analytics—has
revolutionized fraud detection processes. This paper examines the rise of
forensic accounting in India, exploring its role as a game changer in combating
financial crimes, strengthening regulatory frameworks, and fostering investor
confidence. It also highlights the challenges of professional training, ethical
dilemmas, and regulatory gaps that need to be addressed for the discipline to
achieve its full potential in the Indian context.
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Pages:4-6
How to cite this article:
Anjali "The rise of forensic accounting in India: A game changer in financial fraud detection". World Journal of Applied Research, Vol 1, Issue 1, 2025, Pages 4-6
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