A COMPREHENSIVE STUDY ON THE ROLE OF FORENSIC ACCOUNTING IN DETECTING FINANCIAL FRAUDS WITH REFERENCE TO KARNATAKA

Abstract

This study investigates the role of forensic accounting in spotting financial frauds and the efficiency of forensic accounting in dealing with problems involving financial statement manipulation in Karnataka and also understand the standards issued by ICAI.  This study seeks to analyze the services provided by forensic accountants in Karnataka as well as the future of forensic accounting in the state in light of increasing numbers of fraud. The questionnaire approach is one of the quantitative research techniques used in this study. Investigating, spotting, and proving the legal case against such crimes through the use of accounting knowledge is known as forensic accounting. The major goals of forensic accounting include presenting the results of an inquiry in a style that allows for interrogation in court and to give proof that financial fraud has occurred.