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Forensic Accounting In early days, it was supposed that investigating and detecting white-collar transgression was a part of the general accounting function. Conventionally, it was the duty of either internal or external auditors to catch the frauds in an organization by performing periodic audits. It was however not the case to be. In fact, the auditors can only go by book and can check compliance of documents produced by the company to the general rules and regulations of the company. It was this bottleneck that brought forward the idea of a new branch of accounting to detect the fraud for companies that suspect fraudulent acts being performed in them. This area of accounting is known as forensic accounting. (FORENSIC ACCOUNTING DEFINED, http://www.cris.com/~dfillmer/forensic.htm, Retrieved on 28/06/2003). The specific field of accounting in which accounting, auditing and investigative skills are integrated together is called Forensic Accounting. The lateral meanings of term "Forensic"...

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