Now-a-days, an audit committee (AC) is being looked upon as a distinct culture for improving corporate governance (CG) and has received wide-publicity across the globe. Government authorities, regulators and international bodies have indicated that they view an AC as a potentially powerful tool...

The recent accounting scandals (viz., Enron, WorldCom, Madoff, Satyam, etc.) have induced a crisis of confidence in financial reporting practice and effectiveness of corporate governance (CG) mechanisms. Indeed, Forensic accounting (FA) integrates accounting, auditing and investigative skills to...