Nagpur: In the recent world where things are going digital, the volume of data is increasing. Apart from the volume the variety of data is also huge for which it is very important to properly analyse the data and extract the required information. Chartered Accountants have expert knowledge and understanding of Accounting as well as Auditing because of which they can play a very important role under forensic accounting and fraud detection says Rajkumar Ghosh, Additional Director, National Academy of Direct Tax. He was speaking as Chief Guest at the Certificate Course on Forensic Accounting & Fraud Detection hosted by Nagpur Branch of ICAI. He added that apart from knowledge of data, knowledge of various applications and software is required which will help to extract the required information.
Government is having a vision of having a corruption free society which every citizen supports for a progressive society. For this mission Forensic experts will play a major role specially in identifying cases of money laundering. As the data set is huge role of Forensic Auditor will be more challenging but with right attitude and updated knowledge such challenges can be cope us easily. Apart from data analysis, data visualisation is equally important for a forensic expert. Experts should not only look into the end result of the data but the source of that data is equally important to ascertain the reliability and materiality.
Earlier Chairman of Nagpur Branch CA. Sandeep Jotwani in his welcome address mentioned that in the present scenario where number of financial fraud along with the Non Performing Asset at Banks are increasing, Chartered Accountants have to play an important role in identifying the roots of such issues. CA are known to be financial doctors and are working with various government agencies to find out the flow of this fund along with identifying the root cause of the frauds. Various Government agencies are adopting various latest technologies for being capable to identify and catch the fraud prone areas as well as the persons responsible for such acts. It’s important that professionals are updated about the latest laws as well the technologies which will be very helpful in discharging their responsibilities.
Executive Committee Member CA. Jiten saglani co-ordinated the program whereas Chairman WICASA proposed formal vote of thanks.
Prominently present of the occasion were speaker CA. Charudatta Marathe, CA. Surjeet Singh Bhasin, CA. Nitin Sachdeva, CA. Deepak Jethwani, CA. Devendra Indurkar, CA. Asma Chimthanawala and participants in large numbers.