Ms. Archana Kaushik,

Assistant Professor, Department of Commerce, IIMT College of Management, Greater Noida

Mr.Kishan Nigam

Assistant professor, IILM University, Greater Noida

Ms. Naina Tyagi

Assistant Professor, Lloyd Business School., Greater Noida

Abstract

This study has been prompted by the persistent and regular rise in financial crime and fraud in both public and private sector organizations, despite internal mechanisms. The impact of forensic accounting on fraud detection was examined in the study. In this study, a survey research design was used. In Madhya Pradesh State, there are one hundred accountants in total. Data were gathered using a standardized questionnaire. Ordinary least square regression analysis and descriptive statistics were used to analyze the data. This study examines how important forensic accounting is for spotting and stopping financial crime. Financial fraud is a serious risk to investors, companies, and the stability of the economy. With its specialized knowledge and methods, forensic accounting is essential to the detection, examination, and advertence of fraudulent activity. This essay examines the many facets of forensic accounting, as well as its approaches and efficacy in identifying financial fraud. The research also includes case studies and real-world examples to show how forensic accounting can be used practically in various situations. To increase fraud detection and prevention, the paper also addresses the difficulties faced by forensic accountants and makes recommendations for future developments in forensic accounting procedures.

Keywords- Forensic, Accounting, Detecting, Financial Fraud