Indian Markets have been expanded through joint venture, amalgamation and consolidation. With the increase in the business trade white collar scams and financial scams questioned the credibility of the financial structure of the business organization. Whether it is a fraud related to bank, digital, securities exchange which creates need to use effective instrument which gives more insight to prevent and detect fraud. From various study it is shown that forensic accounting is more effective to investigate fraud in brief compared to auditing. From this research it was studied that there is much more effort needed to create awareness regarding forensic accounting and to implement in the system.