SEBI

Similarly, as one of the nine gems of King Akbar (Bhasin 2007) Birbal explained different fraud examination methods. Forensic Accounting in India got more relevance after scams like Satyam scam, Harshad Mehta and other white collar crimes created a situation where companies and government felt like they need to have someone who is specialised
to detect and prevent fraudulent practices. On the basis of the report made by the ‘Naresh Chandra Committee’ in the year 2003, the Government of India formed Serious Fraud Investigation Office (SFIO) at New Delhi. Later, SEBI created a forensic
accounting cell to improve the quality of financial information and ensure its reliability. RBI also madeit compulsory to have forensic accounting audit.



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