EconPapers    
Economics at your fingertips  
 

“Forensic Accounting in India: An Analysis of Regulatory Framework and Accounting Professionals Insights on Fais 2023â€

Mr. Rakesh Hosmani and Dr. Sathisha R K
Additional contact information
Mr. Rakesh Hosmani: Department of Studies in Commerce, Davangere University, Davangere, Karnataka, India.
Dr. Sathisha R K: Department of Studies in Commerce, Davangere University, Davangere, Karnataka, India.

International Journal of Latest Technology in Engineering, Management & Applied Science, 2025, vol. 14, issue 6, 191-197

Abstract: Forensic Accounting has emerged as vital method for detecting and mitigating corporate frauds and enhancing transparency in financial management of corporates. This study discusses the available theoretical framework of forensic accounting in India by probing the opinions of accounting professionals, particularly Chartered Accountants (CAs) in Karnataka. The study digs into key aspects like applicable legal framework and recently introduced Forensic Accounting and Investigation Standards (FAIS) 2023. With an extensive literature review and pragmatic analysis, the study highpoints the objectives of FAIS 2023 in fraud detection and mitigation. A survey conducted among accounting professionals reveals the perception about awareness of current framework and implementation challenges. The study ends with recommendations for strengthening the forensic accounting discipline to address corporate frauds more efficiently and effectively in India.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ijltemas.in/DigitalLibrary/Vol.14Issue6/191-197.pdf (application/pdf)
https://www.ijltemas.in/papers/volume-14-issue-6/191-197.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjb:journl:v:14:y:2025:i:6:p:191-197

Access Statistics for this article

International Journal of Latest Technology in Engineering, Management & Applied Science is currently edited by Dr. Pawan Verma

More articles in International Journal of Latest Technology in Engineering, Management & Applied Science from International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS)
Bibliographic data for series maintained by Dr. Pawan Verma ().

 
Page updated 2025-07-22
Handle: RePEc:bjb:journl:v:14:y:2025:i:6:p:191-197