Forensic Accounting Services: The Requisite Knowledge and Skill.

The increase in occurrences of employee and management fraud, embezzlement, and various other financial crimes, alongside the declining audit quality standards, has led to the emergence of a distinct field known as forensic accounting (FA). It systematically examines financial transactions and business scenarios to uncover the truth and develops an expert opinion regarding potentially fraudulent activities. The expertise of a FA professional extends beyond accounting, encompassing diverse knowledge domains such as statistics, psychology, information technology, and human behavior. The study aims to identify the drivers behind the increasing demand for FA services and the requisite skills and knowledge sets a FA professional must possess. The findings are based on responses gleaned from 600 respondents. The results showed that the demand for various FA services would increase accounting and auditing knowledge is considered as most important knowledge domain for FA professionals. [ABSTRACT FROM AUTHOR]