Despite India’s remarkable economic growth, positioning it as one of the fastest-growing major economies globally, the rapid expansion of commercial activities has simultaneously increased its exposure to fraud. The COVID-19 pandemic and the subsequent recovery phase have significantly reshaped the country’s fraud risk landscape, particularly due to accelerated digital transformation. As highlighted in the Financial and Cyber Fraud Survey Report 2024, there has been a substantial rise in fraud incidents impacting businesses across various sectors. As 2025 progresses, financial crimes continue to evolve, with fraudsters leveraging advanced technologies and exploiting regulatory loopholes to design complex schemes. Major fraud trends reported this year include cyber-attacks, asset misappropriation, and regulatory fraud, with nearly half of the surveyed organizations experiencing one or more fraud incidents in recent times. In this context, forensic accounting has emerged as a crucial and evolving specialization within the field of accounting and auditing. It involves the systematic examination of financial information to detect, investigate, and prevent financial irregularities and fraudulent activities.
Dr. Vaishali Sharma Dr. Surbhi Pandit (Mon,) studied this question.