The Rising Need and Importance of Forensic Audit to Detect Banking Frauds and to Protect the Interest of Shareholders in India

Abstract

With the development in technological and digital innovation in recent years, there has been a rise in fraudulent activities in the banking and corporate sectors. Hence, the relevance of forensic audit in the recent scenario is of immense importance to detect such frauds that will protect the interest of the shareholders. Therefore, an attempt has been made in the study to find out the importance of forensic audit in the current scenario.