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IJMIEApril 2016Volume 6, Issue 4ISSN: 22490558___ Role of Forensic Accounting in Corporate Scams (With special reference to Satyam Case) Tabassum Patel* Dr. J.C. Porwal** Abstract In recent times,
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How to fill out role of forensic accounting

01
Understand the fundamentals of accounting and auditing principles.
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Gain expertise in fraud detection techniques and forensic investigation methods.
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Acquire knowledge of relevant laws and regulations regarding financial crimes.
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Develop strong analytical skills to interpret financial data and identify anomalies.
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Obtain certification in forensic accounting, such as CPA or CFE.
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Practice effective communication skills to present findings in reports and court testimonies.
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Stay updated on industry trends, tools, and technology used in forensic accounting.

Who needs role of forensic accounting?

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Businesses facing financial discrepancies or fraud.
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Law enforcement agencies investigating financial crimes.
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Legal professionals requiring expert testimony in court cases.
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Insurance companies assessing claims related to fraud.
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Government agencies conducting audits or investigations.
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Forensic accounting involves the application of accounting principles and investigative techniques to examine financial statements and other financial data to determine whether fraud, mismanagement, or other financial misconduct has occurred.
Individuals or organizations involved in legal disputes, fraud investigations, or any form of litigation related to financial matters may be required to file reports or documentation related to forensic accounting.
Filling out a role of forensic accounting involves documenting financial transactions, analyzing financial records, and providing clear and detailed findings in a report format that meets legal standards.
The purpose of forensic accounting is to uncover, understand, and provide evidence regarding financial discrepancies, fraud, or criminal activity for use in legal proceedings or investigations.
The report should include detailed financial analysis, identification of fraudulent activities, documentation of evidence, methodologies used, and conclusions drawn from the investigation.
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