In an effort to unearth in addition as curb the incidence of white collar frauds in business, ideas are being drawn from various forensic sciences to supplement the thought process of accountants and auditors. The term forensic‘ means suitable to be utilized in court. Forensic accounting could be a rapidly developing area of specialization primarily concerned with fraud deterrence, fraud detection and fraud investigation. Forensic accounting could also be defined as systemized knowledge addressing application of accounting facts gathered through auditing methods and procedures to resolve legal problems. Forensic accountants are certified fraud auditors. Financial auditors observe the numbers but the forensic accountants look behind the numbers. Now a day’s business and criminal activities became so complex that lawyers and criminal investigators often don‘t have the expertise necessary to discharge their responsibilities. Moreover marked increase in white collar crimes, marital and business disputes have created the necessity of forensic accounting. However in India forensic accounting as a course also as a profession has not yet been adequately addressed in academic discourse. An in-depth and systematic study of this critical area of specialization is so far hard to return by. Few articles are available in leading accounting journals that have attempted to analyse, normally terms, the effectiveness of forensic accounting to detect and stop white collar crime. However several illuminating works on forensic accounting are done by academicians in the west in addition as in India. So to check the applicability of forensic accounting in detecting and preventing nonviolent white collar crimes is the main inspiration behind this study.

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Keywords: Financial, Prevention, Detection, Fraud, Forensic, Criminal, Auditing.