Dr. S. Rajalakshmi


Financial institutions worldwide are facing escalating challenges posed by economic crime, particularly in the form of financial fraud. Forensic accounting emerges as a critical tool in combating such criminal activities, offering a comprehensive approach to fraud detection, investigation, and litigation support. This paper presents innovative frameworks for implementing forensic accounting within financial institutions to mitigate fraud effectively. Drawing on existing literature, two conceptual models are developed: one for integrating forensic accounting into organizational structures and another for conducting detailed investigations and data analysis to uncover fraud. The study underscores the importance of forensic accounting in addressing the rising tide of financial crime and proposes actionable strategies for its implementation within organizational control systems.

Keyword : Forensic accounting, financial fraud, Organizational control systems, Fraud detection, Investigation techniques

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May 25, 2024
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