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

Authors

  • Priyajit Ray Research Scholar, Department of Commerce, University of Calcutta, Kolkata

DOI:

https://doi.org/10.33516/maj.v56i10.69-71p

Keywords:

No Keywords.

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.

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Published

2021-10-31

How to Cite

Ray, P. (2021). The Rising Need and Importance of Forensic Audit to Detect Banking Frauds and to Protect the Interest of Shareholders in India. The Management Accountant Journal, 56(10), 69–71. https://doi.org/10.33516/maj.v56i10.69-71p

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References

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Bhasin, M. L. (2017). Integrating corporate governance and forensic accounting: a study of an Asian country. International Journal of Management Sciences and Business.

Nandini, N. S., & Ajay, R. (2021). A study on impact of forensic audit towards investigation and prevention of frauds. Asian Journal of Management, 12(2), 186-192.

Narang, D., & Kaveri, V. S. (2016). Annual Review and Forensic Audit of Corporate Borrowal Accounts and Early Warning Signals. Vinimaya, 37(2), 27.

https://cleartax.in/g/terms/forensic-audit

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https://m.economictimes.com/industry/services/consultancy-/audit/india-to-release-forensicaccountingand-investigationstandards-first-country-to-do-so/articleshow/77871761.cms

https://m.rbi.org.in/commonperson/English/Scripts/Notification.aspx?Id=578

https://timesofindia.indiatimes.com/business/india-business/sebitoempanel-auditors-for-forensicauditsof-listed-companies/articleshow/82943770.cms

https://www.financialexpress.com/industry/why-rising-forensicauditsneed-clear-set-of-rulesghostsof-sahara-satyam-scamsstillhaunt/2151297/

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