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Forensic Accounting Introduction
Job Prospects Institutes
Introduction
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The growing number of cyber crimes, failure of regulators to track the security scams, successive busting of cooperative banks etc. lead to a rise in the need of Forensic accounting. Forensic accounting is the practice of utilizing accounting, auditing and investigative skills to assist in legal matters. Forensic accounting involves legal investigation and analysis of financial documents of any firm or client, who is involved in a legal dispute. It encompasses 3 main areas – litigation (law suit) support, investigation and dispute resolution. Litigation support represents the factual presentation of economic issues related to existing or pending litigation.
Job Prospects
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In India, in the wake of the Satyam scam, demand for forensic accountants have gone up. There is an increase in the rate of white collar crimes, such as securities fraud and banking and investments embezzlement. As a result, the demand for professionals, who are experts in financial procedures and have strong analytical as well as investigative skills, is on the rise. Those who have completed a forensic accounting program will work anywhere investigative accounting is needed. Forensic Accounting firms are everywhere and will exist as long as human beings exist.
Institutes
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Premier Forensic Science Institute,New Delhi , Delhi NCR. Department of Forensic Medicine, SRM University,Kancheepuram , Tamil Nadu. Institute of Forensic Science & Criminology, Bundelkhand University,Jhansi , Uttar Pradesh. School of Business Management Accounting and Finance,Anantapur , Andhra Pradesh.