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 The lack of respect and belief in Indiaandrsquo;s law enforcement agencies and the rate at which white-collar crimes have increased has prompted the development of Forensic Accounting in India. The fraud detecting agencies seems to lack time and devotion needed for detecting and prevention of errors and fraud. According to a large global accounting firm, the market is sufficiently big enough to maintain an unit devoted entirely towards forensic accounting.


Many large as well as small accounting firms as well as the tiny firms have inculcated or rather developed separate forensic accounting departments.The litmus test of investigation,first introduced by the ever great Sherlock-Homes(considered by many as the father of Forensic Accounting)is perhaps the first ever application of forensic accounting . Though ,the contribution of the other few great historians to the field of forensic accounting cannot be overlooked.


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They used various tricks to investigate various crimes.The word andldquo;forensicandrdquo; means andldquo;suitable for use in courtandrdquo;.The forensic accounting work is tailor made according to the situation and need. The gathering of information and evidences is done according to the need and situation. We can say, it is customized according to the situation.The forensic-accountants give expert evidence at the ultimate trial.All the modern medium-sized as well as the large-sized accounting firms have specialized forensic accounting departments.

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