Forensic Accounting: A Strategy for Preventing and Detecting Financial Fraud in The Digital Era

  • Authors

    • Wallamkupar Dkhar Assistant Professor, Shillong Commerce College, India, & Research Scholar, Department of Tourism and Hotel Management, North-Eastern Hill University, India
    • Benjamin.F. Lyngdoh Associate Professor, Department of Tourism and Hotel Management, North-Eastern Hill University, India
    • Paramjeet Kumar Research Scholar, Department of Tourism and Hotel Management, North-Eastern Hill University, India
    https://doi.org/10.14419/z7g9we35

    Received date: May 2, 2025

    Accepted date: June 23, 2025

    Published date: June 27, 2025

  • Forensic Accounting, Financial Fraud, Digital software, Detection/Prevention of financial fraud, Forensic accounting tools

  • Abstract

    This study aims to explore the evolving landscape of forensic accounting practices in the context of preventing and detecting financial fraud in this digital era. The role of a forensic accountant has become enormously critical in navigating fraudulent and malpractices activities, particularly with the proliferation of technology and increasing complexities in financial transactions. Our study investigates and highlights the latest techniques, tools, and methodologies employed in forensic accounting to unearth fraudulent schemes, including data analytics, digital forensics, and advanced forensic accounting techniques. Additionally, the study examines a few regulatory frameworks and their impact on forensic accounting practices with a focus on enhancing transparency, accountability, and corporate governance. The methodology adopted is a combination of content analysis of case studies from the real happening in fraudulent practices and the intervention of forensic accounting. Additionally, this research aims to contribute to the advancement of forensic accounting practices and provide insights for policymakers, practitioners, and stakeholders in combating financial fraud in contemporary business environments.

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  • How to Cite

    Dkhar, W. ., Lyngdoh , B. ., & Kumar , P. . (2025). Forensic Accounting: A Strategy for Preventing and Detecting Financial Fraud in The Digital Era. International Journal of Accounting and Economics Studies, 12(2), 282-291. https://doi.org/10.14419/z7g9we35