Unveiling the Past: Tracing the Evolution of Forensic Accounting through a Historical Framework
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Unveiling the Past: Tracing the Evolution of Forensic Accounting through a Historical Framework
Dr Seema Devi
Assistant Professor
Dept of Commerce
C.D.R.J.M., Butana
ABSTRACT
Forensic accounting has a rich history that dates back to ancient civilizations, where individuals used accounting methods to uncover fraud and corruption. The practice continued to evolve through the Middle Ages, with early forensic accountants serving as financial advisors and investigators for monarchs and nobles. In modern times, forensic accounting has transformed into a specialized field of accounting, used to detect and investigate financial fraud and other white-collar crimes. Its growth has been fueled by a series of high-profile financial scandals, such as Enron and WorldCom, which have highlighted the importance of forensic accounting in protecting companies and individuals from financial fraud. This research paper aims to contribute to the existing literature on forensic accounting by utilizing secondary data gathered from various journals and websites.
Key Words: Accounting Methods, Forensic Accounting, Financial Scandals, Enron and WorldCom
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