phd in forensic accounting in india

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Student's services, school of business, ph.d. in forensic accounting and audit.

The Ph.D. in Forensic Accounting and Audit is meticulously designed to impart extensive knowledge and skills in the realms of forensic accounting and auditing. Covering forensic accounting techniques, fraud detection, data management, cyber forensics, business valuation, and ethical considerations, this program ensures a comprehensive understanding of the profession. By integrating case studies and real-world exercises, it prepares professionals to tackle the complexities of forensic accounting and auditing with practical expertise.

• Identify and apply ethics, laws, rules, and procedures to forensic accounting practices.
• Investigate and uncover accounting and auditing fraud through forensic methodologies.
• Effectively communicate the results of forensic investigations, both orally and in writing.
• Design strategies to detect and prevent fraudulent activities.

Ph.D. graduates in Forensic Accounting and Audit emerge as leaders in financial integrity. Armed with advanced skills in forensic techniques, fraud detection, and ethical considerations, they play pivotal roles in uncovering and preventing fraudulent activities. These experts are well-equipped to communicate investigation results effectively, contributing to the transparency and integrity of financial practices in various sectors. Their impact extends across industries, from finance to law enforcement, where they serve as ethical leaders upholding the highest standards in forensic accounting and auditing.

Program Structure

Total Credits required for Doctor of Philosophy (Ph.D.) in Forensic Accounting and Audit is 73.

Students must complete all the required foundation courses. Each course is valued as 4 Credits.

Detecting Accounting Fraud: Analysis and Ethics

(4 Credits)

Accounting Ethics and Professional Responsibilities

Forensic Accounting Analytics

Forensic Valuation

Financial Statement Fraud

Accounting Fraud Risk Assessments

Criminal Investigative Techniques in Forensic Accounting

Accounting Fraud in Government

Internal Controls and Accounting Systems

The Expert’s Roles and Reports

Auditing for Financial Reporting Fraud

Complex Discovery and Data Management

Allegations of Audit Failure

The Internship Course provides students with a hands-on opportunity to apply theoretical knowledge gained in their academic studies within a real-world professional setting

Internship in Forensic Accounting

(6 Credits)

Students intending to pursue doctoral degrees must take and pass a comprehensive examination after they have completed their non-dissertation courses, because it is a pre-requisite of the dissertation courses. One of the purposes of this examination is to sufficiently assess students’ full knowledge on the dissertation title they wish to research.

Comprehensive examination is valued as 1 credit.

Completion of the following courses in the dissertation course is mandatory for obtaining a Doctor of Philosophy (Ph.D.) in Business Administration. The dissertation itself must be undertaken only after the successful completion of all non-dissertation courses. It is essential to note that not more than one dissertation course can be pursued in a single session.

For detailed Dissertation guidelines, please click here .

Each dissertation course carries a value of 4 credits, with the exception of the “Dissertation Complete” and “Oral Defense” courses, which are valued at 2 credits each.

Dissertation – Practical Research IV (Dissertation complete and Oral Defense)

(2 Credits)

Dissertation – Practical Research III (Data Collection & Analysis)

Dissertation – Practical Research II (Review of Related Literature & Methodology)

ACCT 960a :

Dissertation – Practical Research I (Proposal)

Tuition and Financial Aid

For comprehensive information on tuition costs and associated fees, please visit our dedicated Tuition and Fees page .

Looking to find your perfect fit? Learn more about this program from our detailed program brochure. Download our comprehensive program brochure now.

How to Apply

Find detailed information about application requirements and important deadlines for enrollment. Ready to begin your journey? Start your application now at our Online Application Portal.

Please visit our  Admission Requirements page for detailed information on the institution-wide application requirements.

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Forensic Accounting in India: An Exploration of Education, Practice, and Career Opportunities

Forensic accounting gained popularity in India following the Enron, Rajat Gupta, and Satyam cases. Few chartered accounting firms specialize in fraud investigation as a practice area. The big four consulting firms Deloitte, KPMG, PricewaterhouseCoopers, and Ernst & Young control a large portion of this industry. Forensic accounting should be included in the curriculum at undergraduate and postgraduate levels across the country. This will help corporations and governments keep a lid on crime at the outset, writes Shashank Joshi. Forensic accounting is an area where forensic accountant examines financial information to detect and investigate financial fraud. ICAI has incorporated a Certified Course on Forensic Accounting and Fraud Detection for practicing CAs. 40% of the top American accounting firms are expanding their offerings to include fraud and forensics. Many accountants in India lack the expertise and knowledge required to conduct forensic accounting or fraud detection effecti...

Related Papers

Dr.Anitha H.s and Praphulla Chandra N

Praphulla Sunil

This paper presents the current scenario of offerings and availability of Forensic Accounting education in universities in India. This study is useful in gaining a complete understanding of available courses on Forensic Accounting at the graduate and postgraduate level, especially in accounting specialization. The results will help provide an insight into the direction of Forensic Accounting education in the India, where developing and improving Forensic Accounting education offerings has created serious buzz across the globe. Because of the increasing number of various corporate scandals all over the world, Forensic Accounting education has become the order of the day, and every accounting student needs to be trained in this field and every university has to offer it as part of the curriculum. The results of this study show that very few Institutions like ICAI, ICSI and CMA are offering and focus on this course as part of their curriculum in professional levels. This study takes into consideration the current scenario of this course's offerings among Indian Professional bodies, and the second outcome of this paper provides a comparison of course contents with the recommendations of the National Institute of Justice (NIJ) in the USA.

Management Journal for Advanced Research

PAWAN KUMAR GUPTA

Forensic accounting is the prominent instrument in the field of accounting area to tackle the rampant situation of financial fraud. Forensic accounting is a specific branch of accounting. It involves the application of special skills such as accounting, auditing procedures, finance, quantitative methods, research, and investigations in accounting activities. With the rapid growth of technology in India after globalization, the trend of accounting is also changing as per the demand of stakeholders due to facing these complex natures of fraud. Forensic accounting is one of the transcendent examples in the area of accounting. It is capable to find out all kinds of fraud; if we use it attentively. The techniques of forensic accounting are also developing with the need of time. Modern technologies are more powerful in comparison to conventional technologies. In the dynamic cyber world, the complex natures of frauds are creating a need for research in the forensic accounting area. Since independence, the Incremental growth of voluminous financial scams is a black spot in the Indian economy. Moreover, the list of challenges to better practices of forensic accounting in India is too extensive. There are few agencies in India, which are dedicated to the mission of combating fraud for example-SFIO, FEMA, RBI, CBI (Economic Office Wing) deals with big financial scams, Central Vigilance Commission deals with corruption. In view of India, the better practices of forensic accounting should be observed by stakeholders carefully to boost economic growth. The present study discusses the conceptual framework of forensic accounting, the implementation & progress of forensic accounting, the authorities involved, and suggestions for better implementation of forensic accounting from the Indian perspective.

South Asian Law and Economic Review

Dr Sharad Kumar

Accounting is a complex method since it is a piece of an economy's real and managerial structure. It is worried about making straightforwardness and caring the accomplices of economy honestly or by implication. This moment, Forensic accounting is the specific kind of accounting. "Forensic" means "proper for use in a courtroom", infers work to be cultivated for the norm and potential outcome can be used in or sensible to courts of judicature or to start discussion. Forensic accounting investigates cash related bad behavior and record financial deception and expert bad behavior. Analyst attempted to comprehend the idea of forensic accounting while it appears to be that examining additionally works same as forensic accounting. The inquiry here emerges that what is the need of forensic accounting. To get this, this investigation illuminated the distinction between forensic accounting and forensic reviewing and furthermore analyzed the degree and need of forensic accounting. The incorporation of accounting, examining and insightful abilities yields the forte known as forensic accounting. Suit backing and examinations are the two primary regions in forensic accounting. The information and abilities are acids that can advance appropriate treatment of proof, precise detailing, and the conveyance of equity for those that have succumbed to monetary violations. Forensic accounting imparts monetary data plainly and compactly in a court setting where the specialists of the forensic region come in unfurling the misrepresentation. A monetary revealing arrangement of overall standard is a necessity for drawing in unfamiliar just as present and planned financial backers at home the same. Forensic accounting is useful to break down, decipher, sum up and present complex monetary and

ramnath raja

Debarati Deb

Forensic accounting is emerging out to be an indispensable discipline in the modern world. India, along with the globe, is not at all ready to accept the frauds and scams taking place on an ongoing basis. Frauds are alarming notifications for a country’s degradation. Hence India is also not lagging behind in the race to incorporate forensic accounting in its operational activities. Thus this study has been conducted on the basis of Indian scams events during the period from 2008 to 2018. The forensic accounting process works with the help of specific techniques that have enhanced the urge to conduct the research work. The objective of this research study is to critically evaluate the applicability and effectiveness of modern forensic accounting process. The selected respondents for this study consists of auditors, forensic accountants, people belonging to corporate firms, banks, insurance companies and web developers in India. The focused frauds in this study are those of banks, cor...

Euro Asia International Journals

IJMSBR Open Access Journal

The accounting scandals during the last three decades have induced a crisis of confidence in financial reporting practices and effectiveness of corporate governance (CG) mechanisms. Indeed, Forensic Accounting (FA) integrates accounting, auditing and investigative skills to conduct investigations in variety of fraud cases. An increasing number of researchers are finding that " poor " CG is a leading factor in dismal performance, manipulated financial reports, and unhappy stakeholders. Some leading corporations and regulatory bodies, however, are trying their best efforts to analyze and correct the existing loopholes in the reporting system. Undoubtedly, qualified, trained and mature Chartered Forensic Accountants (CFA " s) can prove to be a valuable asset to the corporate sector, and gradually help to improve their CG system. The CFA " s, being professional member of the CG and Audit Committees, can play a far greater role in coordinating company efforts to achieve a cohesive policy of ethical behavior within an organization. By helping companies to detect and prevent fraud, create a " positive " work environment, establish " effective " lines of communication, and be vigilant as a corporate " watchdog " , the CFA " s role can gradually evolve into a key component in the CG system. In the 21st century, the Forensic Chartered Accountants (FCAs) are in great demand and " FA is listed among the top-20 careers of the future. " The fundamental objective of this study is to find out " how can we integrate the expertise of the Forensic Accounting (FA) to improve the overall corporate governance (CG) scenario prevalent in India? " Since very little research exists in this area, present research is exploratory in nature. This is a preliminary investigation of the necessary skills, educational and training requirements for CFA " s to improve CG system. We surveyed academics, practicing fraud and forensic professionals in order determine the perceptions of the professional community. During 2011-12, a questionnaire-based survey was conducted in the National Capital Region of India using a sample size of 120 practicing chartered accountants, accounting academics, and potential users of FA services. In fact, this study is a " preliminary " investigation of the necessary skills, education and training requirements for the professional community. The results of this " exploratory " study, with few minor differences, indicate that potential practitioners, academics and users agree that " critical thinking, written & oral communication, legal knowledge, auditing skills, deductive analysis, investigative flexibility, analytical proficiency and unstructured problem-solving are the most important skills required for the CFAs. " Moreover, we found that all of the skills investigated in this study are " potentially " important for the CFAs, which the educators at the Universities should use as an overall guide while designing their FA curriculum. "

Financial frauds and scams affected diverse organizations irrespective of size, nature, and type. Regulatory bodies like SEBI, RBI assayed to minimize the number of frauds however the outcomes of the efforts are not in favor. In the present scenario, fraudsters are clever and tech-savvy and execute innovative ways for frauds. This situation demands for detection and prevention of financial fraud. The present study examined the significance of forensic accounting in detection and prevention of financial frauds in the Indian Corporate Sector. The study discussed the utility of diverse techniques viz. Benford’s Law, Theory of Relative Size Factor, and Data mining in detection and prevention of financial frauds. Responses from 100 accounting professionals were collected through snowball and judgment sampling. The study depicts the positive significance of forensic accounting practices in fraud detection and prevention in the Indian Corporate sector. The outcomes of the present study wil...

Mukt Shabd Journal

Hariharan Narayanan

Forensic accounting is also known as forensic accountancy or financial forensic which is defined as that part of accounting that recount every engagement that results from an anticipated or actual litigation. Financial accounting fraud has come into limelight due to the increase in White Collar Crimes witnessed in the competitive economic scenario. This study will present an outline of the concept of Forensic accounting, its evolution, the top service agencies in Forensic accounting, the professional bodies which certify FAs and the top companies which have a separate Forensic Department and the various emanation of risks.

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Forensic Accounting in India: Its Scope & Implementation (A Study on Banking Sector in Dehradun, Uttarakhand)

• February 2020

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Forensic Accounting and Fraud Detection: Courses, Syllabus, Jobs 2024

Forensic Accounting and Fraud Detection is a field that involves the usage of accounting techniques to find irregularities in financial statements.

As Forensic Accounting and Fraud Detection is a certification or diploma skill course for a duration of 3-6 months, one has to complete graduation in commerce, accounting, or finance ( BCom , MBA Finance , BSc Finance ). Candidates with a background in Business, Management, Engineering, Statistics, Maths, etc can pursue such courses for a career boost.

Financial Accountants work in financial institutions like RBI, Banks, etc. to investigate frauds. Internal Auditing Manager, Anti-Money Laundering Specialist, Senior Forensic Accountant, Operational Risk Consultant, Fraud Investigator, Financial Forensic Analyst are the popular job roles for those who have completed Forensic Accounting and Fraud Detection Courses. The average salary offered for such job roles is INR 5-10 lakhs per annum.

Forensic Accounting and Fraud Detection Courses: Quick Facts

Forensic accounting and fraud detection courses in india.

2.1   Certifications

2.2   Diploma

2.3   Undergraduate/Postgraduate

Forensic Accounting and Fraud Detection Courses Online

3.1   Coursera

3.2   Udemy

Forensic Accounting and Fraud Detection Specializations

• Course Syllabus
• Top Colleges
• Skills Required for Forensic Accounting and Fraud Detection
• Scope of Forensic Accounting and Fraud Detection
• Forensic Accounting and Fraud Detection: Salary
• Financial Accounting Courses teach you how to keep financial records, financial reports, updated and how to analyze financial frauds.
• The syllabus and course content includes the basics of internal audit and how to carry that audit. Students will learn how to prepare and conduct audit activities, initiate an audit, prepare audit reports, etc.
• This course emphasizes local financial laws and terminologies that are used by law enforcement managers. This course also throws light on financial crime risks in digital currencies, internet payments, etc.
• Financial Accountants work in financial institutions like RBI, SEBI, SFIO, Banks, etc. to investigate frauds.
• Forensic Accounting and Fraud Detection is ideal for candidates willing to make a career fighting financial frauds
• Candidates with a background in Business, Management, Engineering, Statistics, Maths, etc can also pursue the career of Forensic Accounting and Fraud Detection.

Members of ISACA, IIA, AICPA, or ACFE can also pursue Forensic Accounting and Fraud Detection Courses.

Forensic Accounting and Fraud Detection Certification and Diploma courses are usually of the duration of 3 months to 6 months. 

Forensic Accounting and Fraud Detection Certifications

Diploma in Forensic Accounting and Fraud Detection

Few colleges/Institutes offer Diplomas and PG Diplomas in Forensic Accounting. The duration of Diploma in Forensic Accounting and Fraud Detection is of 6 months whereas PG Diploma in Forensic Accounting and Fraud Detection is 12 months duration. Below table briefs about the institutes offering Diploma and PG Diploma in Forensic Accounting and Fraud Detection.

UG/ PG Forensic Accounting and Fraud Detection Courses

As Forensic Accounting and Fraud Detection is a specialization-based Skill one has to complete graduation or postgraduation in commerce or its related field in order to learn about the concepts of Accounting and Finance. 

• BCom: BCom is a 3-year undergraduate course offering study in the field of finance and accounting. The subjects taught under BCom are related to Banking, Economics, Business System Analysis, etc. A candidate can apply for BCom Admission 2024  if he has completed 10+2 with at least 50% with commerce stream. 
• BSc Finance: BSc Finance is a 3-year undergraduate course designed to impart knowledge on working the financial system of a country. BSc provides knowledge in Financial Management, Financial Markets, and Corporate Finance. A candidate can apply to any BSc Finance Colleges if he has completed 10+2 with a minimum of 50%. 
• MSc Finance: MSc is a 2-year post-graduate course in Finance with the objective of developing core knowledge in the field of finance. MSc imparts knowledge on Accounting, Econometrics, Corporate Finance, Investment Management, etc. A candidate can apply to any MSc Finance Colleges if he has completed graduation with at least 50% in Finance stream. 
• MBA Finance: MBA Finance is a postgraduate course of the duration of 2 years. MBA Finance imparts knowledge on Corporate Acquisitions and Mergers, Accounting and Banking, Corporate Financial Planning, etc. A candidate can apply for MBA Finance Admission 2024  if he has completed graduation with a minimum of 50%. 

Forensic Accounting and Fraud Detection Course is a small duration course and most of the institutes provide self-paced learning. Due to self-paced learning students can watch the lectures at their convenient time and can complete the course in their time frame. A study conducted by IBM found that students tend to learn five times more effective than traditional learning.

Some of the top online platforms that have numerous educators are listed below along with their courses.

Forensic Accounting and Fraud Detection Courses on Coursera 

Forensic Accounting and Fraud Detection Courses on Udemy 

Internal Auditing Manager, Anti-Money Laundering Specialist, Senior Forensic Accountant, Operational Risk Consultant, Fraud Investigator, Financial Forensic Analyst, Manager of Forensic Accounting, Senior Forensic Consultant are some of the top job profiles and specializations that a desirous candidate wanting to pursue a course in Research Analysis can do.

• Internal Auditing: Internal Auditing course teaches students the basics of internal audit and how to carry that audit. Students will learn how to prepare and conduct audit activities, initiate an audit, prepare audit reports, etc. A person wanting to pursue a course in Internal Audit should have completed graduation in Finance, Commerce, or Business. A fresh Internal Auditor earns INR 8,00,000 per annum.
• Anti-Money Laundering: AML is one of the popular and trending courses in India. This course emphasizes local financial laws and terminologies that are used by law enforcement managers. This course also throws light on financial crime risks in digital currencies, internet payments, etc. AML professional earns INR 5,00,000 per annum.
• Forensic Accountancy: Forensic Accountancy is the field that involves the usage of accounting techniques to find irregularities in financial statements. A forensic accountant may work with a bank, financial consultancies, government agencies, etc. A forensic accountant earns INR 9,00,000 per annum.
• Fraud Investigation: Fraud Investigation is similar to Forensic Accounting. Fraud Investigators interpret, analyze, and summarises complex financial reports and matters and present them in a simplified way to the authorities. They also conduct researches and investigations to determine financial fraud. Fraud Investigators earn INR 6,00,000 per annum at the start of their career.

Forensic Accounting and Fraud Detection Courses Syllabus

Forensic Accounting and Fraud Detection course is a short-term course usually of 3 months to 6 months. The course curriculum consists of different types of techniques, investigations, Accounting, Softwares, etc. The following tables give a brief idea of the topics covered in Forensic Accounting and Fraud Detection Training.

Forensic Accounting and Fraud Detection Colleges

We have curated a list of top Institutes from different parts of the country that teach Forensic Accounting and Fraud Detection Courses.

Forensic Accounting and Fraud Detection Skills

Below is the list of top skills an Analyst with knowledge of Forensic Accounting and Fraud Detection should have. One should have sound knowledge of the following software.

Scope of Forensic Accounting and Fraud Detection Courses

Roles offered to Forensic Accounting and Fraud Detections are Internal Auditing Manager, Anti-Money Laundering Specialist, Senior Forensic Accountant, Operational Risk Consultant, Fraud Investigator, Financial Forensic Analyst, Manager of Forensic Accounting, Senior Forensic Consultant. Some of the top job profiles along with top recruiters are curated below.

Forensic Accounting and Fraud Detection Courses: Salary

After completing a course in Forensic Accounting and Fraud Detections a person can choose from a varied field of employments. Following are the job profile a person who has done the Forensic Accounting and Fraud Detection course can get.

Company Wise

Different companies hire Forensic Accountants and Fraud Detectors for different profiles at different pay packages. A person who has done a Forensic Accounting and Fraud Detection course can be offered roles of Internal Auditing Manager, Anti-Money Laundering Specialist, Senior Forensic Accountant, Fraud Investigator, Financial Forensic Analyst, and alike.

City Wise 

Companies offer Salaries based on the location also. Some of the high-paying cities are Bengaluru, Pune, Mumbai, Delhi, Noida, Hyderabad, etc. Employees in these cities earn more than the national average of the country.

Experience Wise 

As a person gain knowledge, he/she moves up the ladder and gets promoted with higher job profiles/roles with good Income. A person as a Fresher can earn INR 5,00,000 per annum whereas a person with experience of more than 5 years can earn INR 8,00,000.

Forensic Accounting and Fraud Detection Courses: FAQs 

Ques. What makes a person a good Forensic Accountant and Fraud Detector?

Ans. Forensic Accountant and Fraud Detector are detail-oriented, often work with raw materials and draws the conclusion, has good quantitative and analytical skills, is good at gathering data, is great with investigative skills.

Ques. What are the duties and responsibilities of a Forensic Accountant and Fraud Detector?

Ans. The responsibilities of Forensic Accounting and Fraud Detection are as follows

• He/she should be able to thoroughly analyze the record/data
• Analyze past data and investigate the fraud.
• Act as a consultant for in-house issues.
• Assist in breaking down complex financial findings in simplified language.
• Conduct audits for investigations.
• Using Economical, Statistical, and data modeling tools and techniques.
• Conduct fact-finding interviews.

Testing the processes, protocols for improvement, and efficiency.

Ques. What are the future prospects of Forensic Accounting and Fraud Detections?

Ans . After completing a course in Forensic Accounting and Fraud Detections a person can choose from a varied field of employments. He/she can choose to be

• Internal Auditing Manager.
• Anti-Money Laundering Specialist.
• Senior Forensic Accountant.
• Operational Risk Consultant.
• Fraud Investigator.
• Financial Forensic Analyst.
• Manager of Forensic Accounting.
• Senior Forensic Consultant.

Ques. What are the employment sectors for Forensic Accountant and Fraud Detector?

Ans. Forensic Accountants and Fraud Detectors are employed by Banks, Insurance companies, Government Agencies, Accounting Firms, Law Firms, Financial Consulting Firms.

Ques. Which books can I refer to for being a successful Forensic Accountant and Fraud Detector?

Ans. Following are the books you can refer to for being a successful Forensic Accountant and Fraud Detector

• Forensic Accounting and Fraud Examination by Richard Riley, and Joseph T. Wells
• Essential of forensic accounting by Michael A. Crain
• Forensic Accounting and Fraud Examination by Jeremy Perler and Howard Schilit
• Forensic Accounting and Finance: Principles and Practice by Bee-Lean Chew
• Financial Investigation and Forensic Accounting by George A. Manning
• Forensic Accounting for Dummies by Frimette Kass-Shraibman and Vijay S. Sampath

Ques. What is the duration of the various courses for Forensic Accounting and Fraud Detections?

Ans. The course duration of Forensic Accounting and Fraud Detection depends on the type of course chosen and the type of field. Usually, the course is of the duration of 06 months to 12 months

Ques. How do I prepare for the Forensic Accounting and Fraud Detection Job Interview?

Ans. Keep track of the company’s performance in past years or months. Keep noticing the new products and services launched by the company and know the leaders behind the making of that company. Be resourceful of the company’s background. Have a good knowledge and understanding of the basic concepts taught during the course.

Ques. Can I do any other bachelor's degree along with the bachelor's degree for Forensic Accounting and Fraud Detections?

Ans. Yes, there is an option of pursuing two courses at the same time but only one of the courses can be regular and the course has to be either online or distance education.

Ques. What are the examinations to be a certified Forensic Accounting and Fraud Detection?

Ans. CFAP is one of the qualifying exams after clearing the CFAP exam a person is called certified Forensic Accounting and Fraud Detection.

Ques. What is the difference between a CA and a Forensic Accountant?

Ans. A CA is a type of Accountant that provides general accounting services, tax advising, and returns to corporations and individuals. A Forensic Accountant will dig into the financial records of a company or an individual to find irregularities in the financial transactions. 

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First ever MBA in FORENSIC ACCOUNTING in India

Corporate fraud and white-collar crime have shown a relentless increase in India and the world despite all attempts by Governments and regulators to curb it. Enron and Satyam are two high-profile examples. To curb this, laws are being tightened in India.

Under the new Companies Act of 2013, shareholders and depositors can claim damages from corporates and their auditors for any wrongdoing. Demand for experts in Forensic Accounting and Corporate Fraud is bound to rise rapidly. To meet this demand, BMU has introduced, for the first time in India, an MBA in Finance with a specialization in Forensic Accounting and Corporate Fraud.

FORENSIC ACCOUNTING

For this course, it has tied up with KPMG – one of the top 4 accounting firms in the world. As a part of the agreement, KPMG will prepare the course structure, develop and procure course content, make suitable technical faculty available for delivering training to participants on KPMG ‘Forensic Accounting and Corporate Fraud’. A team from KPMG, led by Mr. Akhil Bansal, Dy CEO, KPMG in India, and Mr. Sunil Kant Munjal, Chancellor, BMU, officially announced this academic partnership.

In addition to preparing the course structure, developing or procuring the course content, and providing training in Forensic Accounting and Corporate Fraud for the MBA course, KPMG will also provide the students access to its LMS (Learning Management System) support covering session videos and presentations, features like “Ask an Expert” and assessments. Traditionally jobs in accounts have been considered boring but these will be anything but – what with tracking down fraudsters, embezzlers, and money launderers!

Announcing the launch, Mr.Sunil Kant Munjal said, “We are happy to engage with KPMG for the Forensic Accounting and Corporate Fraud specialisation for our MBA course, which shall be the first course of its kind in India. KPMG’s credentials in this domain are exemplary and I sincerely believe that together we can develop a world class programme to fulfil a deficit in professional manpower in the area of forensic accounting.”

Commenting on the collaboration, Mr. Akshay Munjal, President, BML Munjal University said, “There is an unprecedented opportunity for entry-level and seasoned practitioners in the fraud examination and financial forensics fields globally. Our engagement with KPMG will allow our MBA students to gain knowledge from experts with practical experience in forensic services, thereby improving their employability prospects upon graduating from the University.

MBAs in this specialization will be able to get jobs in Government, Banking, Insurance, Consultancy, and the Corporate sector.

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4 thoughts on “First ever MBA in FORENSIC ACCOUNTING in India”

I wish a nice future for the students of this new stream and thanks to the members who launch a new branch for the students.

Although many business owners think that their marketing and accounting departments work completely independently of one another, aside from when the marketing department needs money and the accounting department needs to verify that costs can be covered, the truth is that these two actually work hand in hand.

This looks to be an interesting course. Please send me all the details regarding this MBA.

MBA in forensic accounting is an important steps for students who belongs to accounting background and those who wanted to MBA in forensic accounting.

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Post Graduate Diploma In Forensic Accounting & Financial Fraud Investigation

The Post Graduate Diploma in Forensic Accounting & Financial Fraud Investigation is a specialized program that dives deep into the intricacies of financial forensics, marrying the principles of accounting with investigative techniques. Designed for those who seek to uncover financial discrepancies, this program offers rigorous training in detecting, preventing, and resolving financial fraud.

Forensic accounting is not just about numbers; it's about the stories behind those numbers. This program empowers students to identify signs of financial misrepresentation, ensuring accountability in financial practices. With the rise of complex financial instruments and sophisticated fraud techniques, the need for experts who can navigate this challenging landscape has never been greater.

At the heart of this diploma is its focus on real-world applications. Students are trained to handle real-life scenarios, from embezzlement to money laundering, learning the nuances of forensic data analysis. Equipped with these skills, graduates can dissect financial statements, identify red flags, and build substantial evidence to support their findings.

Another significant component of this program is its emphasis on technological tools and software . In a digital age, fraud often transcends traditional boundaries, necessitating a blend of classic investigative techniques with advanced digital forensics. Through hands-on exposure to industry-standard software and platforms, students are primed to tackle challenges in both the physical and digital realms.

Ethical considerations also play a central role. The program ensures that while students are adept at identifying fraud, they also understand the moral implications and responsibilities that come with this knowledge. Adhering to ethical standards and ensuring fair practices is the cornerstone of effective forensic accounting.

In essence, the Post Graduate Diploma in Forensic Accounting & Financial Fraud Investigation equips professionals with a unique skill set, bridging the gap between accounting, investigation, and justice. As financial systems grow more complex and globalized, the expertise of forensic accountants becomes increasingly indispensable, making graduates of this program highly sought after in both public and private sectors.

Specializations

The Post Graduate Diploma in Forensic Accounting & Financial Fraud Investigation encompasses several areas of specialization, allowing graduates to focus on niche segments within the broader domain of financial forensics. Delving into these specialized tracks provides professionals with a refined skill set tailored to specific investigative scenarios.

Digital Financial Forensics : As the financial world increasingly goes digital, there's a rising need for experts who can navigate the digital realm. This specialization focuses on investigating electronic data, decoding cyber frauds, and understanding the intricacies of digital financial transactions. These professionals are adept at using specialized software and tools to track and analyze digital financial footprints, making them invaluable in the modern, tech-centric financial landscape.

Corporate Fraud Analysis : Tailored for those who operate within the corporate environment, this specialization emphasizes detecting and preventing frauds specific to businesses. From understanding manipulated financial statements to uncovering asset misappropriation or detecting bribery schemes, these forensic accountants play a pivotal role in safeguarding businesses against internal and external financial threats.

Insurance Fraud Investigation : Given the complexities and the vast sums involved in insurance cla...

Eligibility Criteria

The eligibility criteria for a Post Graduate Diploma in Forensic Accounting & Financial Fraud Investigation can vary based on the region, institution, and specific nuances of the program. However, a general overview of commonly accepted eligibility requirements includes:

Educational Qualification : A Bachelor's degree from a recognized university is typically required. While candidates with a background in commerce, accounting, finance, or business administration might be preferred, many institutions accept graduates from various disciplines, provided they have strong quantitative aptitude.

Minimum Aggregate Marks : Institutions often set a minimum percentage or GPA threshold for undergraduate courses. For instance, many institutions might require a minimum of 50% aggregate marks or its equivalent in the Bachelor's degree.

Entrance Exam : Some in...

• Analytical Skills
• Technological Proficiency
• Investigative Mindset
• Discretion and Confidentiality
• Crisis Management
• Report Writing

The Post Graduate Diploma in Forensic Accounting & Financial Fraud Investigation opens up a plethora of opportunities for professionals in the dynamic and ever-evolving realm of financial forensics. The increasing complexity of the global financial landscape and the unfortunate rise in financial frauds have made forensic accountants more relevant than ever. Here's a look at the scope of this qualification:

Corporate Fraud Investigator : Large corporations, given their vast financial dealings, are prime grounds for financial inconsistencies. Forensic accountants can work internally or as external consultants to identify and investigate any suspicious activities.

Public Practice : Many accounting firms, especially the "Big Four," offer forensic accounting services, helping clients detect and prevent fraud. These roles often involve meticulous audits and financial reviews.

• Financial Advisor
• Finance Manager
• Introduction to Forensic Accounting and Fraud Examination
• Fundamentals of Accounting and Finance
• Basic Principles of Law and Ethics in Accounting
• Quantitative Methods and Statistical Analysis in Finance
• Digital and Financial Technologies: An Overview

Most programs include case studies, simulations, or internships to give students hands-on experience in forensic investigation techniques.

Yes, certifications like the Certified Fraud Examiner (CFE) or the Certified Forensic Accountant (CFA) can further bolster your credentials in the field.

Absolutely! Many law enforcement agencies value the expertise of forensic accountants in tackling white-collar crimes and financial fraud.

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Certified anti money laundering expert.

Certified Anti Money Laundering Expert is the crown jewel of the global compliance certifications. It offers the best in industry syllabus, content and return on investment in the certification program. CAME is also offered in all the value added AML certification programs.

Value Added AML Certifications

Enhanced AML Certification program combines CAME with the two customised programs viz. Certification in Risk Based AML and Shell Company investigations.

This value added certification offers MSB Guidelines and Crypto Currency Laundering Certification in addition to the traditional CAME Certification program.

This Value Added Certification program offers CAME along with specially designed Trade Based Money Laundering Certification, Videos and Study Material.

Forensic Accounting Certifications

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Defining Forensic Accounting

In India, Forensic Accounting was defined by CA Mayur Joshi in the year 2003. Here is the article published in 2005 ( Defining Forensic Accounting )

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Forensic Accounting in India started with one word - Indiaforensic. With 12 Certifications in forensic accounting, Anti Money Laundering and Financial Crime Compliance, Indiaforensic are the pioneers of forensic accounting education in India.

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