5/11/2023 0 Comments Icab montgomery![]() Therefore, this study aims to obtain the perception of Academicians and Practitioners regarding forensic accounting’s suitability in uncovering bank frauds.Ī strategically constructed Likert scale questionnaire was designed to obtain perception of Academicians and Practitioners regarding forensic accounting’s suitability in uncovering bank frauds. As per Reserve Bank of India’s latest annual report, it has been reported that there have been bank frauds worth a whopping Rs 72,000 crore in the financial year 2019. ![]() There are examples aplenty of banks collapsing because of siphoning and diversion of funds in risky propositions that ultimately put the depositors and financial institutions at the receiving end. India in recent years has experienced various banking failures and scams that put the financial system at stake and crushed investor confidence. As economic well-being is such an important piece in the jigsaw of a country’s health, economic shocks must be kept at a bare minimum. It is no wonder that economic progression is a crucial force that keeps a nation rolling on its wheels. ![]() Suitability of forensic accounting in uncovering bank frauds in India: an opinion sureyĮconomic robustness is the heart of any country’s prosperity.
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