Proposed research the needs of good forensic accounting skills in public sector working environment 3. However it becomes so important recently and has been an interest to various stakeholders, from the government, investors, and practitioners to regulatory bodies. In public sector, the increment in frauds, money laundering, corruptions, illegal or unethical acts and other wrongdoings are the main factors to support the needs of forensic accounting skills in public sector working environment especially public sector accountants. This research is to study the needs of good forensic accounting skills in public sector working environment especially within public sector accountant.

The arise issues are: a what are the criteria needed to be a good forensic accountants? b what kind of frauds that always connected to forensic accounting? c what are services that can be provided by public sector forensic accountants. Thus, this research is aimed on finding the correlation on the combination variables such as working experience, additional skills and knowledge from other diciplines that can help to create the good public sector forensic accountant. In the early stage, research will be done in the form of pre masters studies and through jurnals, books and articles as a basic reference from various information. Questionnaires will be forwarded to the selected respondents in order to get their feedbacks on issues highlighted. The final result will unveil the information on what ate the factors that contribute the public sector.

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Yes, it is the growing arena of business and surging number of white collar crimes that have paved the way for the development of forensic accounting. According to aicpa, forensic accounting is the application of accounting principles, theories and discipline to facts or hypothesis at issues in a legal dispute and encompasses every branch of accounting knowledge. According to the accountant’s handbook on fraud and commercial crime, forensic accounting is the application of financial skills and an investigative mentality to unresolved issues, conducted within the context of the rules of evidence. Forensic accounting borrows knowledge from accounting, finance, law, computerisation, ethics, criminology, etc. It is the flavour of investigation that demarcates it from the conventional accounting practices.

In wide sense, it can be identified as integrity of accounting, auditing and investigative skills to secure a particular result. In india forensic accounting is still in nascent stage and it becomes very difficult to find and retain the forensic accounting resources in india. Worldwide we consider sherlock holmes to be the first forensic accountant however the contribution of some of the historic characters in india cannot be ignored. In india, kautilya was the first person to mention the famous forty ways of embezzlement in his famous kautilya arthashastra during the ancient mauryan times.

If we use his theories even today we can find that almost all the major failures in the corporate world of usa are the extended versions of what kautilya had stated a few thousand years ago. Birbal a scholar in the time of king akbar used various tricks to investigate various crimes. The third scholar was tenaliram who emphasized on the investigative techniques used to find the perpetrators. After the satyam fiasco investors will be worried while investing in every company listed on the stock markets and there will be huge demand for the forensic accounting professionals. Forensic accounting has come to light in view of increased in financial frauds popularly known as white collar crimes. This profile is currently unknown in india however the future of forensic accounting in india is poised to grow.

Forensic accounting and auditors forensic accounting simply means accounting that could be used in a court of law and not accounting just for the purpose of auditing this is because you can be the best auditor and yet be the worst forensic accountant. Now if that invoice became evidence in a matter in the court you can controvert its origin if the other party in the matter claims that it was sent by mail you can affirm that the invoice was not delivered by mail. It is all about forensic style of gathering evidence on the other hand, auditors are not required by law to go beyond what is asked. The satyam scam is prompting auditors to take up courses in ‘fraud detection’ instead of remaining confined to ‘fault finding from books of companies. Does that mean that an audited report cannot be used in a court of law? it can be used in a court of law, but it. What is forensic accounting? to fully understand the definition of forensic accounting, we can use parts of the definition of forensic medicine and accounting, both taken from webster’s dictionary, to produce a clear definition.

Forensic medicine is a science that deals with the relation and application of facts to legal problems. Accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the result. So, the combination of these two definitions would yield forensic accounting as an accounting method that deals with the relation and application of system used to record and summarize business and financial transactions to a legal problem. Within this area of accounting, there are two general categories of accountants or areas of practice. They are the following: litigation support specialists and investigative or fraud accountants crumbly, new accountant.