Hrm & Legal
Accounts, Crisis Management, Visualiser And
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A very good afternoon to all.
I'm Nitin...I came accross the term forensic accounting and I'm interested in getting some knowledge on it.
I wanted to know few details on Forensic accounting, namely:
- its scope for employment
- prospects in India
- course content
- who can do it (any basic qualification requirement)
- status of forensic accountants in India
- any other details that might be of help.
Your esteem guidance would certainly help on this matter.
Thanks in advance.
Warm regards
Nitin Nagalkar.

From India
Litigation Support & Forensic Accounting
From India, Rohtak
The demand will be there and supply will be poor – no professional would like to lose his perks by pointing out frauds in a company – which were mostly well known to the top management.
Fraud – per se – is of two kinds. One is not a fraud so far the company is concerned and another is fraud which affects the foundation of a company. If the accounts and finance get together and weave the final accounts on which the company’s tax liability is much lesser than the actual accounts – it affects no body. If cenvat is drawn or duty drawback is claimed through different methods, it will not affect the organization. But it is fraud. Whereas the accounts are manufactured to loot the company – it will affect the organization and it is a fraud.

You go and catch the duplicate gate pass of excise and show it to MD, he will take you to cleaners.
You can’t recruit a young professional to do the dirty job and he doesn’t want to spoil his resume by explaining his present position. If he did he will become “untouchable”

Most important is that – the person recruited for that purpose – should have no designation which has got any resemblance to the accounts or finance. He can be any thing – say Executive Assistant to the Vice President – Human Resources. He can be even attached to Human Resources – itself with confidential note to the HR Chief that he will be reporting to VP Finance.

Essentially these forensic accountants - should be who has got many years experience in two or more organizations. A vigilance inspector will do no good. But a retired IRS official can do a better job – but he should be warned that there will be no bribes and he can not boast his expertise to any one. The people in Central Excise – particularly the staff belongs to Revenue Intelligence are experts. I have excellent rapport with them and I even worked in their office for two weeks – day and night – to unravel a major excise fraud.

From India, Hyderabad
Do not get trapped into this new innovative designation - In Indian companies and companies which are run by Indian Americans - you will be like a police dog. You search and locate and the company auditor will take the name. Nothing will move or change or implemented in accounts unless it is at par or below the intelligence of knowledge of the auditors - in-house or outside - in India. Tiy will become a mad dog and will be shot at.. if you think you can unearth the frauds.
From India, Hyderabad
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