Abstract: The research study is to record and to analyse the need, purpose and the effective use of forensic accounting in different fields. Forensic accounting is the combination of accounting, auditing and investigative abilities. It provides investigative functions and litigation support services to understand the depth and width of the financial scams happening in any economy. The forensic accounting mainly focuses on finding the frauds, and scams committed in different fields in a wide angle. This study investigates the capabilities and litigation support services to understand the financial scams going on in any economy in depth. This research discusses the idea and history of forensic accounting, the need for it and offerings given through forensic accountants.

Keywords: Forensic Accounting, Financial Scams and Fraud, Investigation

| DOI: 10.17148/IARJSET.2022.9488