International Journal of Management, Public Policy and Research 2023-05-01T16:13:46+00:00 Dr. NILAM PANCHAL [email protected] Open Journal Systems UNCOVERING FINANCIAL FRAUD: THE ROLE OF FORENSIC ACCOUNTING IN PREVENTING AND DETECTING FRAUD IN INDIA 2023-05-01T15:37:23+00:00 Pragnesh Dalwadi [email protected] <p>This paper explores the role of forensic accounting in preventing and detecting financial fraud in India. The first section provides an overview of financial fraud in India, highlighting the various types and causes of financial fraud that are prevalent in the country. The second section discusses the methods of preventing financial fraud, including internal controls, anti-fraud policies, and risk assessment. The third section focuses on the methods of detecting financial fraud, such as financial statement analysis, transaction tracing, data analysis, tip-offs and whistle-blowers, and internal audits.</p> <p>The fourth section examines the role of forensic accounting in uncovering financial fraud in India, including litigation support, investigation, prevention, and detection. The fifth section highlights the challenges faced in forensic accounting in India, such as lack of awareness, legal framework, and professionalism. Overall, this paper aims to provide insights into the crucial role of forensic accounting in maintaining the integrity of the financial system in India.</p> 2023-05-01T00:00:00+00:00 Copyright (c) 2023 International Journal of Management, Public Policy and Research UNVEILING THE VEIL: UNDERSTANDING MONEY LAUNDERING AND ITS IMPACT ON ORDINARY INDIVIDUALS 2023-04-23T10:51:00+00:00 Nandish Joshi [email protected] Apurva Pathak [email protected] <p>Money laundering refers to the illegal process of disguising the origins of money obtained through criminal activities, and one common method used is known as "money muling." A money mule is an individual who receives money into their bank account from a third party, and then transfers it to another person in cash or other currencies, in exchange for a commission. Money mules operate covertly, concealing their identities as funds are transferred globally. Unfortunately, ordinary individuals can fall victim to scams and lose their hard-earned money through this process. India is also witnessing a rise in money laundering cases, and the Government of India has taken measures to combat this issue. This paper explores the various techniques employed in money laundering, including the use of technology. It also highlights early warning signs to recognize and steps to protect oneself from being unwittingly involved in such illegal activities.</p> 2023-05-01T00:00:00+00:00 Copyright (c) 2023 International Journal of Management, Public Policy and Research