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| Article Name : | | | IS IT POSSIBLE TO ELIMINATE FINANCIAL ACCOUNTING FRAUDS? | | Author Name : | | | T. Chandra Sekhara Reddy , Y. Jayaradha Sankar and M. Usha Rani | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-273 | | Article URL : | |  | Author Profile | | Abstract : | | | The radical changes in the globalization have impacted the economies of many countries. In current economic scenario, every organization regardless of its location, size, nature of business is affected by fraud in some or the other way. Financial accounting fraud detection (FAFD) mechanism has become a vital and an upcoming topic of great importance in the field of academics, research and industries. Today the failure in the internal auditing system of the organisation in detecting the accounting frauds has led to the use of focused procedures to identify the accounting frauds in organization. This is collectively known as Forensic Accounting. The main aim of this article is study the reasons why fraud occurs in financial accounting, the role of an auditor and his responsibilities in Fraud detectionand to identify the possibilities to eliminate the fraud. | | Keywords : | | - mistake
- fraud
- cookie-jar accounting practices
- auditor
- coercion
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