Forensic accounting and Corporate Governance

The integration of accounting, auditing and investigative skills creates the specialty, known as forensic accounting. Forensic accounting has come into limelight due to rapid increase in financial frauds and white-collar crimes. In the current reporting environment, forensic accountants are in great demand for their accounting, auditing, legal, and investigative skills. They can play a vital role in coordinating company efforts to achieve a cohesive policy of ethical behavior within an organization. It uses accounting, auditing, and investigative skills to conduct investigations, and thefts and frauds cases. The article explains the major financial scams in India and also explains the role and importance of forensic accounting in protecting corporate governance.