FORENSIC ACCOUNTING EDUCATION: STAKEHOLDERS VIEW

India is expected to emerge as biggest market for forensic accounting. In the light of findings of the study, the following suggestions were made: 1)         Specialized institutions offering Forensic Accounting programme should be set up in India  2)         The following programmes should be integrated to derive benefits of forensic accounting: Forensic science, Law and Forensic Accounting. 3)         Financial Forensic Lab should be set up at Institute of Chartered Accountants of India (ICAI) and Institute of Chartered Financial Analysts of India (ICFAI). 4)          The forensic Accounting certification programme offered by two prime institutions in India need to be upgraded to bring conformity with curriculum of International Institute of Certified Forensic Accountants (IICFA). 5)          The educational institutions offering commerce and business management programme should incorporate forensic accounting in their syllabus. This will create interest in the mind of students about forensic accounting. 6)          The audit guidelines should be revised and forensic audit should be made mandatory in India. The forensic audit report should be made public. This will also ensures corporate governance which has nowadays has become fashion rather than practice.  

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