EFFECT OF FORENSIC ACCOUNTING ON THE FINANCIAL PERFORMANCE OF BANKS IN INDIA - A CASE ANALYSIS OF COMMERCIAL BANKS IN HYDERABAD REGION, TELANGANA STATE

Purpose The role of forensic Accounting in the n Banking Industry is crucial for safeguarding financial integrity, enhancing corporate governance, and fostering a sustainable business environment. By studying its impact, stakeholders can develop more effective strategies to combat financial crimes and promote ethical practices in the corporate landscape. Design/Methodology/Approach The study employed used a Primary data, using a structured questionnaire administered through an online platform targeting a selection of forensic accounting investigators and forensic accountants. The reliability and validity of the instrument were confirmed with the use of Cronbach Alpha and descriptive statistics. The sample size is 260 from 10 various corporate financial companies Findings The study concluded that forensic Accounting as a veritable financial tool significantly affected the quality of financial reporting systems in. The study provided the reality and significance of forensic Accounting in reducing incidents of fraud, detection of fraudulent activities, and corruption that can harm a country's reputation and economic prosperity, forensic Accounting is essential in Nigeria, considering the deepening resentments resulting from unreliable audited reports, misstatements in financial statements, and reported fraud cases and increasing asymmetric information. Notwithstanding, there were some limitations.