S Rly speaks on forensic accounting
S Vishnu Sharmaa, INN/Chennai, @infodeaofficial
Southern Railway organised a seminar on forensic accounting as a part of Vigilance Awareness Week celebrations. The seminar was held on 30 October at headquarters of Southern Railway.
The noted establishment is celebrating Vigilance Awareness Week from 28 October to 2 November. Specialist chartered accountant C.A.T.R Chandrasekaran was the chief guest.
He highlighted the emerging field of forensic accounting. Chandrasekaran said it is the extension of the Vigilance department.
Use of accounting skills to investigate any misappropriation of money and to analyse financial information for use in legal proceedings has defined the role of forensic accounting with which many system defects and fraudulent accounting practices has been found and corrected, he said.
Protection of performing assets of the organisation from any financial irregularity or fraud is the foremost duty of any employee, he said.
Forensic accounting has become a vital tool in the identification and elimination of financial threats such as breach of contract, breaches of warranties, bankruptcy, insolvency, tax fraud and money laundering, using financial data analytics and leveraging technology.
J.Vishwanathan, principal financial advisor, Southern Railway, V.G. Bhooma, chief vigilance officer, Southern Railway were among those who took part in the seminar. Southern Railway will be conducting various other programmes as a part of Vigilance Awareness Week.
