The “Decoding Financial Crime – Intro to Forensic Accounting” presentation by CA Parikshit Aurangabadkar provides a structured insight into financial fraud and forensic accounting. The presentation begins by defining financial crime as any illicit act committed to acquire another person’s assets unlawfully. It highlights the role of forensic accounting, which integrates law, accounts, auditing, and investigation to detect fraud.
The document delves into legal provisions related to fraud, referencing key legislations such as the Indian Contract Act, 1872, Companies Act, 2013, and Bhartiya Nya Sanhita, outlining how fraud is classified and penalized. A crucial section differentiates accounting, auditing, and investigation, explaining their respective processes in fraud detection. The importance of forensic accounting is emphasized, describing its purpose in gathering and analyzing financial evidence to support legal proceedings.
Additionally, the presentation discusses different types of fraud, fraud risk assessment, and investigative techniques. It also includes case-based scenarios that distinguish errors from fraudulent activities. With a step-by-step breakdown of forensic accounting methodologies, this resource is valuable for finance professionals, auditors, and investigators looking to understand fraud detection and legal compliance in financial transactions. It serves as an essential guide for identifying, analyzing, and reporting financial crimes.
