Published Online:April 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP020425
DOI:10.71329/IUPJARAP/2025.24.2.40-76
Author Name:Kriti Kishor, Roopali Batra and Sanjeev Kumar Bansal
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:40-76
The study explores the state of forensic accounting in an emerging economy using a survey of 120 Chartered Accountants (CAs) in India. The triangulation method served as a framework for data collection via a structured questionnaire and personal interviews. Quantitative analysis was conducted through mean, cross-tabulation and parametric test ANOVA. This was complimented by robust qualitative thematic analysis using NVivo software. Interviews were conducted involving 30 CAs to inquire about their perception through the scope of the theory of reasoned action to explain their behavioral intention to use forensic accounting. Behavioral intention to employ forensic accounting is significantly swayed by its perceived benefits, followed by perceived challenges and minimally influenced by perceived risks associated with forensic accounting. Most CAs recommend forensic accounting to others. Additional analysis using quantitative techniques indicated that CAs are optimistic and believe that forensic accounting prevents all possible fraud and mismanagement that traditional audit fails to do.
The core of any nation’s prosperity is its hefty economy. It ought to come as no surprise that growth in the economy is essential for keeping a nation alive.