Integration of forensic accounting with corporate governance: A weapon to combat financial frauds
1 Department of Economics, Navyug kanya Mahavidalaya, Lucknow (U.P.) India.
2 Department of commerce, Govt. P.G. College, Jalaun, (U.P.) India.
Review Article
World Journal of Advanced Research and Reviews, 2022, 16(03), 299–307
Article DOI: 10.30574/wjarr.2022.16.3.1323
Publication history:
Received on 30 October 2022; revised on 02 Decemeber 2022; accepted on 05 December 2022
Abstract:
The ever-increasing numbers of myriad frauds and scams, and the failure to detect and prevent fraud, have increased the demand for forensic accounting services at an incredible rate. Keeping the above in view, this paper has focused on the role of forensic accounting in ensuring good corporate governance (CG) and tried to find out whether integration of forensic accounting with corporate governance is helpful in fraud prevention and detection. The study was theoretical research. Previous literature and reports were analysed to reach a conclusion in the study. From the studies conducted this paper concluded that the integration of forensic accounting with CG will help the organization to formulate a clear and optimal CG policy, maintain transparency by disclosing all material facts and establish an effective and efficient internal control system .
Keywords:
Frauds and scams; Forensic accounting; Corporate governance (CG); Internal control System
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