Forensic Accounting: A New Investigative Approach in Accounting

Dr. Binod Shah

Abstract: Forensic accounting is not a new concept though it has grown in popularity in recent years. It has come into limelight due to rapid increase in financial frauds and white - collar crimes. Forensic accounting is the combination of accounting, auditing and investigative skills. It provides investigative functions and litigation support services to understand the depth and width of the financial scams happening in any economy. This research paper discusses the concept and history of forensic accounting, the need for it and services rendered by forensic accountants on the basis of secondary data collected from various sources.

Keywords: Financial Scams, Forensic Accounting, Fraud, Investigation, Investigative Accounting, Litigation, White Collar Crimes