You may need to define those terms a little more. The following may help:

• corporate finance - how the organisation is financed through debt, equity, tax implications
• fraud - gaining benefits to which the organisation or an individual is not entitled, probably through deception
• forensic accounting - analysis of financial information using accounting skill which may or may not entail fraud

You may find better definitions than those. I offer those experientially in a few spare moments.

Now to your question: is forensic accounting relevant to corporate finance? Yes. I can think of at least a few ways:

I attach an article which provides a couple of case study examples.

Article The dollar value of error-seeking audits

Very meaningful thought.......

Really, you have very nicely established the relationship between Corporate Finance and Forensic Accounting.

Thanks

Plz be in touch, and do go through my paper on basics of Blockchain Accounting.

I think the following paper would be helpful to you in this regard:

The role of forensic accounting in solving the vexed problem of corporate world

AA Owojori, TO Asaolu - European Journal of Scientific Research, 2009 - researchgate.net

OK, so you want to just generate discussion on the topic of forensic accounting in relation to business finance and accounting and not particularly "corporate finance" in it's strict sense. Forensic Accounting or forensic auditing as you have rightly put it concerns a close scrutiny of financial and related business transaction to find an act or acts of crime. The results of forensic audit may be a very strong source of evidence for criminal prosecution and other civil claims and settlements. In relation to its relevance, it is obvious that not all persons entrusted with the use of funds can be honest to the law and relevant standards of conduct. In, particularly, less regulated economies, the consequences of such acts have been very devastating. Many people therefore have the opinion that forensic accounting has the antidote for this bad phenomenon since, especially, punishments for criminals of such nature can serve as example to others who would like to take such steps. Other opinions have averred that forensic accounting is more reactive in nature and so it will be very difficult for it to provide sufficient response to financial crimes. I, particularly, agree with this view. This is because experience has proved that being proactive is more fruitful than being reactive although proactivity is not without it's challenges. Therefore, preventive audit is far better and preferred to reactive audit, especially, in less regulated economies. I conclude that an accounting or auditing approach, which you may still call it forensics, should be both proactive and reactive to achieve its potentials.

Dear Anomah

Thanks a lot

I think you have very nicely justified the need to be proactive, rather than reactive, in order to curb the occurrences of crimes in financial world.But still, evidences are required to prove our point in the court of law.

Sanjeev, evidence for criminal or civil processes in the court of law are only required when matters of that nature or related nature have been allowed to arise. This is when forensic accountants are required and that is why I have stated that forensic accounting would be required if organizations would rely on reactive management. However, if organisation approach their management with proactivity, matters would be perceived and dealt with before they happen or aggravate to the tune where legal action is imperative. In all this, since crimes and related financial offenses cannot be completely be eradicated by proactive measures, the need to for reactive audit is very critical. Indeed forensic accounting is not only necessary where there is a crime or civil action even though forensics focus on collection of evidence for legal testimony, I'm very sure that in takeovers and mergers, forensic accounting can help decision makers.

Thanks Dear Sir for your excellent reply.You have really proved your point.

Great.

Forensic Accounting is very modern and important information base of checking of legality operational and financial performance of enterprises.

Forensic Accounting in Corporate Finance is particularly important in the examination of criminals reported to the public prosecutor's office concerning the purchase and sale of joint-stock companies, taking ownership control in mergers and acquisitions on capital markets. The main function of Forensic Accounting in Corporate Finance is to detect financial embezzlement and applied accounting practices. The use of modern analytical techniques to carry out economic and financial analyzes, including Business Intelligence analytics, may be helpful in this respect.

In my opinion Business Intelligence analytics facilitates the diagnosis of financial frauds, falsified financial data and detection of creative accounting because the development of Business Intelligence analytics platforms is based on the use of new information technology and advanced processing of large amounts of economic and financial data describing the functioning of business entities and the market, industry and competitive environment etc. in which specified, surveyed business entities operate.

Currently, the development of Business Intelligence analytics platforms is based on the use of new information technologies and advanced processing of large amounts of economic and financial data describing the functioning of business entities and the market, industry, competitive environment etc. in which specific, surveyed business entities operate. Because the amount of data describing the functioning of the business entity and its environment is constantly growing so without the support of Business Intelligence analytics and analyzes carried out on the basis of data collected in Big Data database systems, in the computing cloud, etc. conducting economic analyzes would be much more difficult, cost-consuming and time-consuming. In addition, the instrumentalization and standardization of economic analysis processes through the use of modern-day IT applications increases the level of objectivity of conducted analyzes and reduces the operational risk of human capital associated with the possibility of making mistakes or subjective assessments of the results of analyzes carried out by personnel involved in these analyzes.

On the other hand, the effectiveness of conducting Forensic Accounting in Corporate Finance is largely influenced by the reliability of compliance with procedures and the effectiveness of detecting criminal practices in transactions on capital markets, securities markets in national and international financial institutions oversight institutions.

Best wishes

Thanks for the valuable insight, Sir