A Study on White - Collar Crimes and proposed updates of Forensic Accounting in India

Abstract

The white collar crimes are becoming more popular in the world of financial scams. It is a financial racket which is committed by well educated citizens of country. They are placed at the top positions in big corporate houses and do criminological actions to become richer persons in short span of time. In this research paper, we try to highlight the latest initiatives by ICAI expert committee as well as government of India in the field of forensic accounting. We also try to put light on the proposed forensic accounting standards
which are planned to be implemented in India. With this India is becoming the first country which is thinking about Forensic Accounting and Investigation Standards and another part of this paper are about white-collar crimes. The beginning of forensic accounting is for the examination of white-collar crimes. On 1st September 2020, ICAI present the proposed forensic accounting and Investigation standards