eprintid: 482
rev_number: 11
eprint_status: archive
userid: 64
dir: disk0/00/00/04/82
datestamp: 2021-07-31 10:47:05
lastmod: 2021-07-31 10:51:24
status_changed: 2021-07-31 10:47:05
type: thesis
metadata_visibility: show
creators_name: Raja, Ramnath
corp_creators: Martin Quinn
title: Impact of Forensic Accounting and Audit in the Indian Banking Sector.
ispublished: submitted
subjects: H1
subjects: HM
divisions: MSCAF
full_text_status: public
keywords: Forensic accounting, Fraud, Fraud Triangle, Fraud diamond, Techniques, Investigation
abstract: Forensic accounting in India face an inefficient implementation especially in the banking sector due to various factors. Drawing on the fraud diamond model, this 
dissertation explores and discusses the factors and problems which distorts the effective implementation of forensic accounting in India based on primary and 
secondary data collected. The process of collecting data for this paper was through open-ended internet-mediated questionnaire sent to accounting professionals 
practicing in India. The results indicate that the present scenario of forensic audit is not effective, and it can be improved through establishment of proper regulatory 
authority and by imparting excellent training to the future forensic accountants. It is also recommended to establish a separate regulatory body for forensic accountants 
which produces and governs rules, laws and regulations relating to this field in India.
date: 2020-08-25
date_type: submitted
institution: Griffith College
department: Graduate Business School: MSc in Accounting and Finance Management
thesis_type: masters
referencetext: References:

Abdulrahman, M.H.A., Yajid, M.S.A., Khatibi, A., Azam, S.M.F., 2020. THE IMPACT OF 
FORENSIC ACCOUNTING ON FRAUD DETECTION IN THE UAE BANKING SECTOR: A 
STUDY ON ISLAMIC AND CONVENTIONAL BANKS. European Journal of Economic and 
Financial Research 3, 26. https://doi.org/10.5281/zenodo.3714186

AdedireTemitope, O., Muturi, W., Nasieku, T., 2016. FORENSIC ACCOUNTANT’S 
RESPONSIBILITY COMPETENCY A PANACEA TO NARROWING AUDIT EXPECTATION GAP 
AMONG NIGERIA MONEY DEPOSIT BANKS 4, 17.

Amiri, A.Y., 2018. An investigation of the effects of litigation and interrogation skills of 
forensic accounting on fraud risk valuations: an empirical study of government 
auditors in Dubai, United Arab Emirates. 167.

Chakrabarti, Dr.M., 2014. Problems and Prospects of Forensic Accounting Profession in 
India 2, 9.

Garrow, N.S., Awolowo, I.F., Growe, G.A., 2019. Annual Reports: Fact or Fiction? Are 
There Governance Implications? Journal of Leadership, Accountability and Ethics 16. 
https://doi.org/10.33423/jlae.v16i1.1360

Hammarberg, K., Kirkman, M., de Lacey, S., 2016. Qualitative research methods: when 
to use them and how to judge them. Hum Reprod 31, 498–501. 
https://doi.org/10.1093/humrep/dev334

Honigsberg, C., 2020. Forensic Accounting: Annual Review of Law and social science 16, 18.

KPMG, K., 2019. Forensic audit of Non Performing Assets: navigating hidden threats 16.

Kumar, C.M.G., Dr Devesh, 2020. FORENSIC ACCOUNTING A TOOL TO CURB FINANCIAL 
CRIMES | Studies in Indian Place Names [WWW Document]. URL 
https://archives.tpnsindia.org/index.php/sipn/article/view/4146 (accessed 6.21.20).

Kumar Das, Dr.P., 2020. Problems in implementing Forensic accounting in India.pdf 1, 8.

Kumar, R., 2018. RBI wants banks to create common pool of forensic audit firms - The 
Hindu BusinessLine [WWW Document]. URL 
https://www.thehindubusinessline.com/money-and-banking/rbi-wants-banks-to�create-common-pool-of-forensic-audit-firms/article9543250.ece# (accessed 5.29.20).

Lohana, P.M., 2013. FORENSIC ACCOUNTING - AT NASCENT STAGE IN INDIA.pdf 2, 3.

Manikandan, A., 2019. Rs 71,500 crore worth of bank frauds detected in FY19: RBI 
report [WWW Document]. The Economic Times. URL 
https://economictimes.indiatimes.com/news/economy/finance/bank-fraud-touches�rs-71543-crore-in-2018-19-rbi-annual-report/articleshow/70895326.cms (accessed 5.28.20).

Miles, M.B., Huberman, M., 1994. Qualitative data analysis: an expanded sourcebook 
(2nd ed).

Moid, S., 2018. Fighting Cyber Crimes Using Forensic Accounting: A Tool to Enhance 
Operational Efficiency - ProQuest [WWW Document]. URL 
https://search.proquest.com/openview/ebb08923f80d000fc542257750c06637/1?pq�origsite=gscholar&cbl=2068964 (accessed 6.4.20).

Nalawade, S.R.M., 2019. BIMS International Research Journal of Management and 
Commerce 4, 11.

Nigrini, M.J., 2011. Forensic Analytics: Methods and Techniques for Forensic 
Accounting Investigations, 1st ed. John Wiley & Sons. 
https://doi.org/10.1002/9781118386798

OECD, O., 2015. Closing the regulatory governance cycle through systematic ex post 
evaluation | READ online [WWW Document]. OECD iLibrary. URL https://read.oecd�ilibrary.org/governance/oecd-regulatory-policy-outlook-2015/closing-the-regulatory�governance-cycle-through-systematic-ex-post-evaluation_9789264238770-10-en 
(accessed 6.4.20).

Olaoye, C.O., Ogundipe, A.A., Dada, R.A., 2018. Formal Education and Forensic 
Accounting Development in Nigeria. Acta Universitatis Danubius. Œconomica 15.

Omar, N., Johari, Z. ‘Amirah, Smith, M., 2017. Predicting fraudulent financial reporting 
using artificial neural network. Journal of Financial Crime 24, 362–387. 
https://doi.org/10.1108/JFC-11-2015-0061

Panchal, S., 2019. Seven Recent Banking Frauds That Have Rocked India [WWW 
Document]. Forbes India. URL 
https://www.forbesindia.com/article/leaderboard/seven-recent-banking-frauds-that�have-rocked-india/55613/1 (accessed 5.28.20).

Philip, S., Pk, N., .P, A., 2017. Problems on Implementing Forensic Accounting -Indian 
Context 2, 5.

Rehman, A., Hashim, F., 2019. Impact of Mature Corporate Governance on Detective 
Role of Forensic Accounting: Case of Public Listed Companies in Oman. KnE Social 
Sciences 637–665. https://doi.org/10.18502/kss.v3i22.5080

Reserve Bank of India, R., 2017. Reserve Bank of India - Notifications [WWW 
Document]. Notifications. URL 
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10477&Mode=0 (accessed 7.21.20).

Roy, M., Saha, S., 2016. Statutory Auditors Independence in India: An Empirical 
Analysis from the Stakeholders Interest Perspective. Vikalpa 41. 
https://doi.org/10.1177/0256090915626791

Saunders, M.N.K., Lewis, P., Thornhill, A., 2009. Research methods for business 
students, 5th ed. ed. Prentice Hall, New York.

Simha, A., Satyanarayan, S., 2016. Straight from the Horse’s mouth: Auditors’ on Fraud 
Detection and Prevention, Roles of Technology, and White-Collars Getting Splattered 
with Red! 16, 19.

Tiley, C., 2017. Qualitative research: What is it and why should you use it? | OnePoll 
Blog. OnePoll. URL https://www.onepoll.com/qualitative-research-what-is-it-and-why�should-you-use-it/ (accessed 8.7.20).

Varadarajan, V., 2017. The Proof of Cash Should be King Among Forensic Auditing 
Techniques.pdf. Journal of Forensic & Investigative accounting 9, 9.

Waghray, M.R.B., 2018. Forensic Accounting in India 5, 6.
Wolfe, D.T., Hermanson, D.R., 2004. The Fraud Diamond: Considering the Four 
Elements of Fraud 6.
citation:   Raja, Ramnath  (2020) Impact of Forensic Accounting and Audit in the Indian Banking Sector.  Masters thesis, Griffith College.   
document_url: http://go.griffith.ie/482/1/Ramnath%20Raja.pdf
document_url: http://go.griffith.ie/482/2/Ramnath%20Raja.txt