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Abstract
India is one of the struggling countries to tackle the corruption. It has been taken more number of steps to overcome that like digital money, online transaction, demonetization, new taxation policy etc. but it is not succeeded yet. While comparing past years, India has become 78th place in corruption as per Corruption Perception Index (CPI) 2018 published by Transparency International. There are so many corporate scam is still happening in India. The following are the few among that viz., Harshad Mehta scam (1992), C.R Bansali scam (1992), Cobbler Scam (1995), Ketan Parekh scam (1999), Sanjay agarwal Scam(2001), Dinesh Dalmia Scam(2001), Satyam Scam(2009), Speak Asia scam(2011), Saratha chit fund scam(2013), PACL Scheme scam, etc., the total amount of above scam would be more than one trillion US dollars. They absolutely affect the growth of both corporate and non corporate sector. They all happened because of fraud which has been spread in all sector like banking, financial, insurance, stock market, cyber world etc., for mitigating this fraud, one scientific tool is necessary that will help to minimize the scam happened in different sector and that is forensic accounting. This article proves that the forensic accounting is the preeminent weapon against fraud, scam in corporate world.