EFFECT OF FORENSIC ACCOUNTING ON THE FINANCIAL PERFORMANCE OF BANKS IN INDIA - A CASE ANALYSIS OF COMMERCIAL BANKS IN HYDERABAD REGION, TELANGANA STATE
Ms. Earanki Keerthana, Dr. R S Ch Murthy Chodisetty
Department of Management Studies, Vardhaman College of Engineering, Shamshabad, Hyderabad. Telangana
Abstract
Purpose
The role of forensic Accounting in the n Banking Industry is crucial for safeguarding financial integrity, enhancing corporate governance, and fostering a sustainable business environment. By studying its impact, stakeholders can develop more effective strategies to combat financial crimes and promote ethical practices in the corporate landscape.
Design/Methodology/Approach
The study employed used a Primary data, using a structured questionnaire administered through an online platform targeting a selection of forensic accounting investigators and forensic accountants. The reliability and validity of the instrument were confirmed with the use of Cronbach Alpha and descriptive statistics. The sample size is 260 from 10 various corporate financial companies
Findings
The study concluded that forensic Accounting as a veritable financial tool significantly affected the quality of financial reporting systems in. The study provided the reality and significance of forensic Accounting in reducing incidents of fraud, detection of fraudulent activities, and corruption that can harm a country's reputation and economic prosperity, forensic Accounting is essential in Nigeria, considering the deepening resentments resulting from unreliable audited reports, misstatements in financial statements, and reported fraud cases and increasing asymmetric information. Notwithstanding, there were some limitations.
Originality
The present study examined the significance of forensic Accounting in detection and prevention of financial frauds in the on Commercial Banks in India. We selected top ten Commercial banks in Hyderabad region Union Bank, Axis Bank, Bandhan Bank, Bank of Baroda, Bank Of India, Canara Bank, Dena Bank, SBI, ICICI Bank and City Union Bank.
Research Limitations/Implications
The study provided the reality and significance of forensic Accounting in reducing incidents of fraud, detection of fraudulent activities, and corruption that can harm a country's reputation and economic prosperity, forensic Accounting is essential in. In this article we discussed about Role or Impact of Forensic Accounting in selected corporate Accounting/ Accounting companies.
Practical Implications
The practical implications of forensic Accounting in extend beyond mere fraud detection; they encompass broader aspects of corporate governance, risk management, and regulatory compliance. By adopting forensic accounting practices, companies can create a more transparent, accountable, and resilient corporate environment.
Social Implications
The social implications of forensic Accounting in highlight its role in fostering trust, accountability, and ethical behavior within the corporate sector. By addressing financial misconduct, forensic Accounting not only protects individual and corporate interests but also contributes to a healthier, more transparent society.
Keywords: Forensic Accounting, Froud Detection, Corporate Companies, Economic Stability, Legal and Social Justice, Risk Assessment and Management
Journal Name :
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EPRA International Journal of Research & Development (IJRD)
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Published on : 2025-03-09
Vol | : | 10 |
Issue | : | 3 |
Month | : | March |
Year | : | 2025 |