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Abstract
In the recent times, there has been a rapid increase of financial frauds in the field of accounting. This has lead towards the formation of a new profession called forensic accounting. Forensic accounting is the study of utilizing accounting, auditing and investigative skills to conduct an examination into the finance of an individual or business. Forensic accounting is frequently used in fraud and embezzlement case to explain the nature of a financial fraud. Financial fraud is an intentional act of deception involving financial transactions for purpose of personal benefit. Forensic accounting is also used to detect various kinds of financial frauds and crimes that occur in an organisation. The study is conducted to find an appropriate solution in order to prevent or minimize the financial frauds which form a part of forensic accounting and it also throws light on various kind of financial frauds which are currently present in all the organisations. This study is open for further research.