Forensic accounting involves legal investigation and analysis of financial documents of any firm or client, who is involved in a legal dispute. A forensic accountant is an experienced auditor, who acts as a watch-dog of accounts of a company, in order to keep a check on the frauds. His/her job is to determine the accuracy of financial statements of an organization. With the growing number of fraud cases, the demand of good forensic accountants is on rise. The job of forensic accountants is quite challenging. It requires commitment, loyalty and devotion. Understanding of psychological theories, analytical/investigative skills is a must for the person. His/her conclusion should not be based on any assumption or opinion. Proper research work and detailed study of accounts is required to draw a fair and unbiased conclusion. Keeping in view the increasing demand for forensic accountants, many institutes in India are offering courses to build a career in the same. Forensic accountant is a specialist, who needs to possess in-depth knowledge and understanding of business reality and the working of the legal system in India. Numerous programs are offered at under graduate as well as post graduate levels. Considering the increase in incidents and diverse nature of forgery in the documents, specialized certificate programs have also been started.
Institutes Offering
In the current scenario, career in forensic accounting has emerged as a lucrative option in India. Several institutions are offering training and education to become a good forensic accountant. The institute of Chartered Accountants of India is amount the few, which conduct certificate course on forensic accounting and fraud detection. The institute of Chartered Financial Analysts of India University Tripura also offers post graduate diploma program in forensic accounting.
