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What is Forensic Accounting?

According to Investopedia Forensic Accounting


utilizes accounting, auditing, and investigative skills
to conduct an examination into a company's
financial statements. Thus, providing an accounting
analysis that is suitable for court.
In India it is governed by the India Forensic, Pune
Job Responsibilities
Some responsibilities are:-
Performing research to trace funds and identify
assets for recovery
Conduct research of financial data
Preparation of accounting reports from financial
findings
Preparation of data for litigation and testification as
needed
Qualification Required
Graduate Degree from recognized university
Professional Experience of at least 3 years
Pass the Certified Forensic Accounting Professionals
which is the entrance exam with at least 75% marks
in aggregate
Skills Required
Knowledge about White collar crime, Money
Laundering, GAAP violation
Excellent Writing & Testifying skills
Interpersonal communication
Verbal communication
Analytical skills
Integrity
Objectivity
Why Forensic Accounting?
Demand of such professionals is high as compared to
the supply
Investigating mergers and acquisitions
Specialized audits in other kinds of:
Civil litigation support
Economic crime investigation
Tax investigation
Terrorist investigation

Some Good Institutes
The Institute of Chartered Accountants of India{ICAI},
New Delhi
The Institute of Chartered Financial Analysts of India
University{ICFAI}, West Tripura
India Forensic, Pune

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