Wednesday 14 May 2014

Forensic Accounting

With the growing use of technology, complexity in the business environment there is an increase in the number of crimes committed in the company which the top level management is unable to detect or unable to prevent, hence the need for Forensic Accountant arise who can not only detect the crime but can also tell the ways to prevent such scams in the future.



Following are some of the reasons because of which FA is required:



1. Growing cyber crimes,

2. Rapid use of Information Technology,

3. Increase in the number of corporate scams,

4. Failure of the regulations to track the scams.



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