Role of Forensic Accounting in Corporate Scams (With special reference to Satyam Case)

In recent times, series of frauds have been committed in corporate sectors of the economy. This study intends to find out how the knowledge of forensic accounting can reduce corporate fraud and mismanagement. The main objective of this paper is to gauge white collar crimes, financial through forensic accounting and complexities of the corporate environment. Forensic Accounting is a combination of accounting, auditing and investigative skills to conduct an examination of company's financial statements. This paper seeks to examine the role of Forensic Accounting in solving corporate scams. Forensic accounting seems to provide the needed solution to the problem of fraud and financial mismanagement in corporate organizations. This article discusses the concept of forensic accounting, the need for it and its role in providing solution to the problem of fraud in corporate organizations.