This video is an interview with Dr. Durgesh Pand, a forensic accountant from India. Dr. Pand discusses the importance of forensic accounting in preventing and detecting financial fraud. He explains the concept of the fraud triangle, which consists of pressure, opportunity, and rationalization. He also discusses the importance of standards in forensic accounting and the role of the Institute of Chartered Accountants of India in developing these standards. Dr. Pand shares a case study where he helped a client recover losses from an insurance claim. He also provides advice for aspiring forensic accountants and discusses the future of the profession.
Here are some of the key points from the video:
- Forensic accounting is an important tool for preventing and detecting financial fraud.
- The fraud triangle consists of pressure, opportunity, and rationalization.
- Standards are important in forensic accounting to ensure that work is conducted in a consistent and ethical manner.
- The Institute of Chartered Accountants of India is responsible for developing and maintaining forensic accounting standards.
- Forensic accountants can help businesses recover losses from fraud.
- The future of forensic accounting is bright, as there is a growing demand for forensic accountants’ services.
I hope this summary is helpful!
