Role of Forensic Accounting in Enhancing Corporate Governance: A Study of HDFC and ICICI Bank
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Role of Forensic Accounting in Enhancing Corporate Governance: A Study of HDFC and ICICI Bank
Gurleen Kaur
Research Scholar
MJP Rohilkhand University Bareilly (U.P.)
Dr. Anurag Agarwal
Professor
S.S. College Shahjahanpur (U.P.)
Abstract
The rising complexity of financial transactions and increasing incidents of corporate fraud have highlighted the importance of forensic accounting as a strategic tool for strengthening corporate governance in the banking sector. This study examines the role of forensic accounting in enhancing transparency, accountability, and ethical financial practices within HDFC Bank and ICICI Bank. The research aims to comparatively analyze how the application of forensic accounting techniques influences fraud detection, regulatory compliance, internal control mechanisms, and stakeholder confidence in these two leading private sector banks in India. Using a mixed-method approach involving secondary data analysis and structured questionnaires administered to financial professionals, auditors, and bank employees, the study evaluates the effectiveness of forensic accounting practices in mitigating financial irregularities. The findings are expected to reveal that proactive adoption of forensic accounting significantly improves corporate governance standards by promoting early fraud detection, reducing non-performing assets, and strengthening audit trails. This research contributes to the existing body of knowledge by providing empirical insights into the operational integration of forensic accounting in Indian banking institutions and its implications for corporate governance, with a specific comparative focus on HDFC and ICICI Bank.
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