What is Chartered Accountancy

Forensic accounting is a key emerging field for strengthening the corporate sector of any economy. Forensic accountants have to be well equipped with multiple skill competencies to act as catalysts for enhancing and leveraging on the best corporate practices in terms of minimizing the possibilities of fraud, damages, scams, and scandals all around the globe. Aspiring professional accountancy students are nowadays highly inspired and motivated to build their career in forensic accounting, and also there is an immense scarcity of talented people, specifically in the Indian context in this domain. Literature demonstrates the availability of a variety of skill competencies as required for proficiency in the same domain. The author in this chapter primarily explored the multiple skill competencies with the help of secondary data and further assesses them by reducing all skills to the most basic and relevant ones with the application of factor reduction technique through SPSS after collecting the primary data (survey method) from the chartered accountancy students in Meerut City, India.