Published Paper Details:

India has a well rooted banking system and Co-operative banks have an inevitable role in our economy. It has a major role in providing support to the weaker section of the society and rural financing. But now a days the cooperative sector in India is facing challenges from financial frauds and white color scams. The existing conventional accounting and auditing procedures were not sufficient to curb the financial frauds and scams. This crucial situations demand the use of Forensic accounting in India. Forensic accounting is a combination of accounting, auditing and investigation technique used to discover financial crimes. It is a recently developed method of investigating financial transactions and business situations in order to obtain the truth of a fraudulent activity. Forensic accountants are in high demand because they play a key role in an investigation of suspected financial scandals and misappropriation of records. Co-operative banks are back bone of rural financing, the chain of scams in this sector seriously affected life of ordinary people and question credibility of the banking sector. Using secondary data, this article discusses the role, importance and techniques of Forensic Accounting, in the light of recent co-operative bank scams in India