Forensic Accounting has existed for many years. With the growing complexity of the business environment and the growing number of business related investigations, Forensic Accounting professionals are increasingly asked to assist in the investigation of financial and business related issues.
In India Forensic Accounting is still in nascent stage and it becomes very difficult to find and retain the forensic accounting resources in India. Bank Forensic Accounting is an endeavor to meet the growing demand of the forensic accountants in the country. India has witnessed many frauds in Banks, BPO’s, Cyber, Stock Market, etc.
Forensic accounting is the application of a specialized knowledge and specific skills to stumble upon the evidence of economic transactions. The job demands reporting, where the accountability of the fraud is established and the report is considered as evidence in the court of law or in the administrative proceeding. It is an important aspect to any business that forensic accountants are responsible for examining and providing information that is used to determine the present and future economic stability of the organization.
This conference will provide a good opportunity to the corporate industry especially the large accounting firms to identify the most common ways financial statements are fraudulently manipulated. To stay competitive and to comply with evolving regulations, measures must be taken to mitigate risk and maintain business integrity.
The events we do in Yoogma is well researched and then delivered after speaking to not less than 40 to 50 professionals from the industry about the current trends in the changing business environment.
About four weeks of research was done for Forensic Accounting. The research was conducted with industry professionals.
Most of them were Head’s, VP’s & Chief GM’s from Internal audit, risk, fraud, compliance and accounts departments, and law firms.