In India Forensic Accounting is still in
nascent stage and it becomes very difficult to find and retain the
forensic accounting resources in India. Bank Forensic Accounting is an
endeavor to meet the growing demand of the forensic accountants in the
country. As a first step towards this initiative "Indiaforensic -
Pioneers of forensic accounting education in India" has forayed into
Bank Forensic Accounting. The primary reason for choosing banking sector
is very simple. India have witnessed many frauds like Harshad Mehta,
Ketan Parekh driven stock market frauds, CRB driven NBFC fraud and Home
trade driven rogue trading fraud. In all of these major frauds banks
were the ultimate victims.
For an unknown reason the banks are hesitant
to appoint the external parties for preventing, detecting and
investigating the frauds. They believe more in their internal audit
teams for investigation of the frauds. Though this may be the subject of
criticism we respect the decision of the bankers and in order to equip
the vigilance departments of the Nationalized and Co-operative banks we
have launched this course on Bank Forensic Accounting which is probably
the first of its own kind.
Co-operative bank failures have led to a
growing awareness of the need for accounting and finance professionals
to acquire skills to identify and act upon indicators of poor corporate
governance, mismanagement, fraud and other unethical behavior.
accounting and finance education focused on
transactions and how they were recorded and interpreted. It is now
necessary to identify the underlying characteristics of these
transactions, including potentially unethical or fraudulent behavior.
The Certification in Bank Forensic Accounting builds on the skills
acquired in the Graduate Certificate by introducing a
global/international focus and specialized areas including banking,
police, transnational fraud, financial terrorism and eCommerce.
On completion of the course students will gain the forensic skills to:
skills will involve: