Forensic Accounting: Innovative Tool for Corporate Sector

Authors

  • Sumeet Gupta Dr. Sumeet Gupta Associate Professor Head- Center for Infrastructure & Project Finance, Research and Development Centre College of Management and Economic Studies UNIVERSITY OF PETROLEUM & ENERGY STUDIES Energy Acres ,P.O Bidholi Via - Prem Nagar Dehradun -248007 (Uttarakhand) Ph: 0135- 2776091,2776093,2776095, 2102690, 91, 2694257, 201, 203 Extn: 201, Fax : 0135 - 2694204 Mobile : +91 7895617071,9536220716,9319899684 Email : sumeetgupta@ddn.upes.ac.in, sumeetbgh2007@gmail.com

DOI:

https://doi.org/10.1956/jge.v18i1.637

Keywords:

Forensic Accounting, Auditing, Fraud

Abstract

In the present scenario, there has been tremendous increase in the Financial Frauds, White Collar Crimes, and Professional Negligence etc. due to flourishing businesses and diversified operations. Recent Accounting frauds and requirement of transparency as well as governance gives the rise to the need of Forensic Accounting in the Corporate Sector. Internal and External auditors can only check the arithmetical accuracy and the compliance with the Accounting Standards, Auditing Standards and Policies in the preparation of Books of Accounts. The new arena of accounting world be helpful to detect the suspected business transactions, frauds and other criminal offences.

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? Gupta Kshitiz, Gupta Sumeet (2017), Antidisestablishmentarianism in the American Election: The Rise Of Donald Trump and Far Right Parties In Europe, Identity Politics in the Light of Niccolo Machiavelli’s Treatise- ‘The Prince’, Volume 13 No 4, Page No 250, Journal Of Global Economy.

? Sachchar Shrey, Gupta Sumeet (2017), Cost Optimization of Warehousing Operations In FMCG: An Analytical Study of Supply Chain, Volume 13 No 3, Page No 165, Journal Of Global Economy.

? Srivastava Sharad, Gupta Sumeet (2016), Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India, Volume 12 No 3, Page No 207, Journal Of Global Economy.

? Sreenivasan L, Rao Joji, Gupta Sumeet (2015), Human Resource & Administration Factors Impacting Contingency: A Study on Construction of Sub Stations in UAE, Volume 4No 12, Page No 61, Research Journal Of Economic & Business Studies.

? Sharma Rakesh, Gupta Sumeet (2012), Pricing & Taxation in Oil & Gas Sector: A Study with Special Reference to ONGC, Volume 8No 3, Page No 233, Journal Of Global Economy.

? Gupta Sumeet, Pahwa Singh Manvinder (2012), Currency Derivatives In India & It’s Hedging Using Minimum Variance Hedging Model, Volume 2 No 12, Page No 204, South Asian Academic Research Journals.

? Srinivasan L, Rao Joji, Gupta Sumeet (2015), Project Management Factors Impacting Contingency: A Study on Construction of Sub Stations In UAE, Volume 4No 12, Page No 79, Research Journal of Commerce & Behavioral Science.

? Gupta Sumeet, Pahwa Singh Manvinder, Gupta Ankur (2013), Innovative Price Adjustments Technique For Thermal Coal: A Study of Operation Function Under Changing Techno Environment, Volume 13 No 4, Global Journal of Management & Business Research.

? Gupta Sumeet, Pahwa Singh Manvinder (2013), Techno-Economic Evaluation of Exploration & Production, Volume 9No 2, Page No 152, Journal Of Global Economy.

? Gupta Sumeet, Baruah Pratim Sudipta (2014), Transportation Economics in Tourism Sector: A Study Of Uttarakhand (India), Volume 3No 7, Page No 06, Research Journal Of Economic & Business Studies.

? Gupta Sumeet, Wadhwa Ishan (2014), Financial Management- Text, Problems & Cases- M.Y.Khan & P.K.Jain, Volume 3 No 11, Page No 169, Research Journal Of Social Science & Management.

? Gupta Sumeet, Gupta Nishu, Green Bonds: The Future.

? Gupta Sumeet, Sharma Himani (2017), Oil & Gas Price Volatility In India.

? Gupta Sumeet, Digital Banking-Effective Tool for Cashless Transactions Page No 28.

? Gupta Sumeet, GST in India: Impact on India’s Growth & International Trade.

? Arora Surbhi, Gupta Sumeet, Rao Joji (2014), Risk Management in Oil & Gas Sector, Page No 74, Second International Conference on Management of Infrastructure.

? Gupta Sumeet (2015), Up Short of Economic Tumult on Equity Investors: A Study Of Market Index, Volume 4 No 5, Page No 69, Research Journal Of Economic & Business Studies.

? Roy Chabhra Neha, Roy N.G., Pandey K.K., Gupta Sumeet, Risk Assessment & Distribution in Small Hydro Power Projects: A Fuzzy Approach, AIMS International.

? Gupta Sumeet, Tiwari Rahul (2014), Risk Assessment & Mitigation in Crude Oil Trading: Application of Monte Carlo Simulation, Volume 3 No 10, Page No 7, Research Journal Of Economic & Business Studies.

? Kaushal Ajit, Gupta Sumeet (2014), Confidentiality in International Commercial Arbitration: Pressumption and Reality, Volume 4 No 2, Page No 33, IUP Publications.

? Arora Surbhi, Gupta Sumeet (2014), Merger and Acquisition in Oil & Gas Sector.

? Gupta Sumeet, Yadav Manish (2013), Accounting & Assessment of Capital Expenditure of New Feeder Airport in India: A Case Study of Idukki Airport, Volume 5 No 1 Page No 66, IBA Journal of Mangement & Leadership.

? Roy Chhabra Neha, Roy N.G. , Pandey K.K. , Gupta Sumeet , Risk Identification and Taxonomy in Small Hydro Power Projects of Uttrakhand.

? Gupta Sumeet, Kulshreshtha Sachin, Rao Joji (2013), Techno-Economic Feasibility of Air Hammer Drilling: A Case Study of Domah- Katri-Jabera (ONGC).

? Dr. Sumeet Gupta published research paper on “Infrastructure Development in Uttarakhand: Application of PPP Model in Solid Waste Management” in IUP Journal of Infrastructure in July 2011

? Dr. Sumeet Gupta published research paper on “An Impact of FDI on Economic Activity of India” in Journal of Global Economy- An International Journal of Research Center for Social Sciences in July 2011

? Dr. Sumeet Gupta published research paper on “Enhancing Marginal Field Development Economics: Application of Leased Production Facility Approach” in Journal of Global Economy- An International Journal of Research Center for Social Sciences in March 2012

? Dr. Sumeet Gupta submitted a Proposal on “Development of Economic Centers for rural areas of Uttarakhand to Ministry of Rural Development.

? Dr. Sumeet Gupta published research paper on “Green Restaurant: Strategic Imperative for Agricultural Marketing and Selling Satisfaction ‘ in Clear International Journal of Management Science and Technology in Dec 2011.

? Dr. Sumeet Gupta published research paper on “Analysis of Price Volatility in Energy Commodities” in Asian Journal of Business and Economics in Dec 2011.

? Publication on the Topic “Analytical Study of Volatility in Indian Stock Market: Application of CAPM Model” in “Journal of Development Research” in the month of October 2010

? Publication on the Topic “SME Financing Services in Banks” in “Journal of Development Research” in the month of September 2010

? Publication on the Topic “Current Financial Crisis: Indian Bear market in the Grip” in “Portfolio Organizer” in the month of January 2009

? Publication on the Topic “Creative Accounting: The Magical Way of Rethinking” in “The Accounting World” in the month of February 2009

? Publication on the Topic “An Insight in to Commodity Derivative Market” in “Derivative Book on Commodity Market” in the month of January 2009

? Publication on the Topic “Global Financial Crisis: Impact and Strategies” in “Global CEO” in the month of March 2009

? Financial innovations in Indian Capital Market published in Portfolio Organizer published by ICFAI in July 2006. Article was also selected for publication in the book of ICFAI: INDIAN CAPITAL MARKET: TRENDS AND REFORMS VOL: II edited by Arindam Banerjee.

? Paper on Modern Education published in U.G.C Manual edited by Banwari Lal Jindal Sui Wala College, Tosham.

? Paper on Changing Dimension of Education published in C.D.L.U, Sirsa

? Publication on the Topic “Comparative Analysis of Financial Performance of Private Sector Banks in India: Application of CAMEL Model” in “Journal of Global Economy” in the month of June 2008

? Publication on the Topic “E Banking : A Doorstep for Global Finance” in “E Track ( Journal of PNB IIT ,Lucknow)” in the month of June 2008

? Publication on the Topic “Valuation of IPO Performance: Pre and Post Scenario” in “Journal of Development Research” in the month of September 2008

? Publication on the Topic “Bancassurance in India: A New paradigm in the Insurance Sector” in “FINSIGHT” in the month of September 2008

? Publication on the Topic “Reconciliation of Cost and Financial Accounts” in “The Accounting World” in the month of May 2008

? Publication on the Topic “Changing Paradigm in Indian Banking” in “Professional Banker” in the month of May 2008

? Publication on the Topic “Medical Tourism: Opportunities and Challenges for India” in “Marketing Mastermind” in the month of June 2008

? Publication on the Topic “Activity Based Costing : An Innovative Cost Optimization Tool for Retail Sector” in “The Accounting World” in the month of July 2008

? Publication on the Topic “A Study of Customers perception towards E Banking with special reference to Jaipur City of Rajasthan” in “Professional Banker” in the month of July 2008

? Publication on the Topic “Corporate Social Responsibility : Instrumental for Economic Development and Social Transformation” in “Global CEO” in the month of September 2008

? Publication on the Topic “Empirical Analysis of Carbon Credits Trading” in “ICFAI Reader” in the month of September 2008

? Publication on the Topic “An Insight in to Journey of Commodity Derivatives Market” in “Portfolio Organizer” in the month of February 2008

? Publication on the Topic “BCG Matrix: An Innovative Tool in Banking Sector” in “Professional Banker” in the month of October 2008

? Publication on the Topic “Forensic Accounting: Innovative Tool for Corporate Sector” in “Global CEO” in the month of November 2008

? Publication on the Topic “A Comparative Study of Wealth Management Services of Various Banks in Rajasthan” in “Professional Banker” in the month of November 2008

? Publication on the Topic “A Study on Future Potential of Commodity Market in India with special reference to Rajasthan” in “Treasury Management” in the month of September 2008

? Publication on the Topic “Derivatives: How to Hedge” in “Portfolio Organizer” in the month of October 2007

? Paper published in the souvenirs of the conferences attended.

? Article on “Derivatives – How to Hedge” Published in Portfolio Organizer in Oct 2007.

? Paper presented and published on Corporate Governance Practices in India- Issues and Challenges” in International Colloquium organized by MDI, Gurgaon from 9-12th Dec 2007.

? Paper published on “Changing Dimensions of Indian Banking” in National Conference organized by Department of Business and Administration, Annamalai University, Tamilnadu on 22nd Sep’2007

? Rawat, A., Gupta, S. and Rao, T.J. (2021), "City gas distribution projects delay in India: a critical assessment of risks", International Journal of Energy Sector Management, Vol. 15 No. 6, pp. 1163-1180. https://doi.org/10.1108/IJESM-09-2020-0005

? Rawat, A., Gupta, S. and Rao, T.J. (2021), "Risk analysis and mitigation for the city gas distribution projects", International Journal of Energy Sector Management, Vol. 15 No. 5, pp. 1007-1029. https://doi.org/10.1108/IJESM-10-2020-0001

? Gupta, S. & Kadyan, S; Bhasin, K.N, 2021, “Analytical Study of Behavioral Finance In Bank Merger: Impact of Digitalization”, Academy of Accounting and Financial Studies Journal, Vol 25 No 3, pp 1-17

? Swarupa Deshpande; Hiranmoy Roy; Tarun Dhingra; Sumeet Gupta; “Sustainable procurement for improving project performance for oil and gas projects” International Journal of Procurement Management, 2020 Vol.13 No.2, pp.143 – 179, DOI: 10.1504/IJPM.2020.106555

? Ravindra Shrivastava; Sumeet Gupta; Ankur Mittal; Brijendra Saxena,” Critical Risk Factors Causing the Time and Cost Overruns of Indian Railway Projects in India” , International Journal of Engineering and Advanced Technology (IJEAT) PP: 5395-5401 | Volume-9 Issue-1, October 2019 |DOI: 10.35940/ijeat.A3075.109119

? Kandpal, V., Mehrotra, R., Gupta, S.” A study of post-demonetization impact of limited-cash retailing in uttarakhand, India” Humanities and Social Sciences Reviews, 2019, 7(5), pp. 1007–1020

? Rawat, A., Gupta, S., Joji Rao, T., Rai, S.K.’ Natural gas demand estimation for India: Error correction modelling” International Journal of Engineering and Advanced Technology (IJEAT); 2019, 8(5 Special Issue 3), pp. 429–437

? Shrivastava, R., Gupta, S., Mittal, A., Saxena, B.” A review on critical risk factors for infrastructure projects in Asian countries” Indian Journal of Economics and Business, 2019, 18(1), pp. 365–387

? Gupta, S., Tyagi R., Sharma A. and Singh H, (2021). Human Wealthsurance: Analytical Study on Financial Planning of Community Investors during COVID-19. International Journal of Management (IJM). 12(1), 2021, pp. 1453-1473.

? Garg, Amit; Gupta, Sumeet , “A Descriptive Analysis of Risk Management with Specific Reference to High Speed Rail (HSR) in India” Water and Energy International (2021), 64 (8), pp 37-44

? Sumeet Gupta, Dr., Manvinder Singh Pahwa, Dr.; “Analysis of Price Volatility in Energy Commodities”FIIB Business Review; 2018 , https://doi.org/10.1177/2455265820110112

? Book Chapter titled, “Factors affecting the Psychological needs of medical workforce in COVID19 situation “ in the book, “Emotional Intelligence for Leadership Effectiveness” published by Francis and Taylor.

? Rawat, A., Gupta, S. and Rao, T.J. (2021), "City gas distribution projects delay in India: a critical assessment of risks", International Journal of Energy Sector Management, Vol. 15 No. 6, pp. 1163-1180. https://doi.org/10.1108/IJESM-09-2020-0005

? Rawat, A., Gupta, S. and Rao, T.J. (2021), "Risk analysis and mitigation for the city gas distribution projects", International Journal of Energy Sector Management, Vol. 15 No. 5, pp. 1007-1029. https://doi.org/10.1108/IJESM-10-2020-0001

? Gupta, S. & Kadyan, S; Bhasin, K.N, 2021, “Analytical Study of Behavioral Finance In Bank Merger: Impact of Digitalization”, Academy of Accounting and Financial Studies Journal, Vol 25 No 3, pp 1-17

? Swarupa Deshpande; Hiranmoy Roy; Tarun Dhingra; Sumeet Gupta; “Sustainable procurement for improving project performance for oil and gas projects” International Journal of Procurement Management, 2020 Vol.13 No.2, pp.143 – 179, DOI: 10.1504/IJPM.2020.106555

? Ravindra Shrivastava; Sumeet Gupta; Ankur Mittal; Brijendra Saxena,” Critical Risk Factors Causing the Time and Cost Overruns of Indian Railway Projects in India” , International Journal of Engineering and Advanced Technology (IJEAT) PP: 5395-5401 | Volume-9 Issue-1, October 2019 |DOI: 10.35940/ijeat.A3075.109119

? Kandpal, V., Mehrotra, R., Gupta, S.” A study of post-demonetization impact of limited-cash retailing in uttarakhand, India” Humanities and Social Sciences Reviews, 2019, 7(5), pp. 1007–1020

? Rawat, A., Gupta, S., Joji Rao, T., Rai, S.K.’ Natural gas demand estimation for India: Error correction modelling” International Journal of Engineering and Advanced Technology (IJEAT); 2019, 8(5 Special Issue 3), pp. 429–437

? Shrivastava, R., Gupta, S., Mittal, A., Saxena, B.” A review on critical risk factors for infrastructure projects in Asian countries” Indian Journal of Economics and Business, 2019, 18(1), pp. 365–387

? Gupta, S., Tyagi R., Sharma A. and Singh H, (2021). Human Wealthsurance: Analytical Study on Financial Planning of Community Investors during COVID-19. International Journal of Management (IJM). 12(1), 2021, pp. 1453-1473.

? Garg, Amit; Gupta, Sumeet , “A Descriptive Analysis of Risk Management with Specific Reference to High Speed Rail (HSR) in India” Water and Energy International (2021), 64 (8), pp 37-44

? Sumeet Gupta, Dr., Manvinder Singh Pahwa, Dr.; “Analysis of Price Volatility in Energy Commodities”FIIB Business Review; 2018 , https://doi.org/10.1177/2455265820110112

? Book Chapter titled, “Factors affecting the Psychological needs of medical workforce in COVID19 situation “ in the book, “Emotional Intelligence for Leadership Effectiveness” published by Francis and Taylor.

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Published

13.03.2022

How to Cite

Gupta, S. (2022) “Forensic Accounting: Innovative Tool for Corporate Sector”, Journal of Global Economy, 18(1), pp. 43–52. doi: 10.1956/jge.v18i1.637.

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