International Journal of Innovative Research and Development

Abstract

Since the beginning of globalization of business and services, human elements are becoming more important input for the success of any corporate enterprise. It helps the management to frame the effective policies of human resources. HRA provides quantitative information about the value of human asset, which will help them to channelize the available skills, talents, knowledge and experience of their employees more efficiently. Therefore, HRA has very high significance not only for the management, but also for analyst. It is now followed by most of the medium and large scale companies in India as there is awareness of the benefits in terms of revenue, productivity, flexibility in skill development.

When the human resources were quantified, it gave the investors and other client’s true insights into the organization and its future potential. Proper valuation of human resources helps organizations to eliminate the negative effects of redundant labor. An attempt has been made in this paper to evaluate the HRA practices of Infosys Technologies Limited (ITL) and BHEL along with its usefulness in HR decisions. Some suggestions have also been provided to improve the HRA practices, which will ultimately contribute to ensure the bright future of HRA in India.

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Abstract

Forensic accounting in India has come to limelight only recently due to rapid increase in white collar crimes. It helps companies in accomplishing their organization’s objectives, with a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. It is the contribution of accounting, auditing and investigative skills. A large global accounting firm believes the market is sufficiently large to support an independent unit devoted to ‘Forensic Accounting’. The objective of the paper is to study: the role of forensic accounting in fraud examination in India and to understand the various applications of forensic accounting in Indian firms. In India unfortunately it is being used as an investigative tool, rather than a preventive tool. If forensic auditing is made mandatory in various sectors, many of the scams can be restricted. It has been suggested that appointment of forensic accountants should be made mandatory in public sectors and large scale companies for the sustainable development of the economy.

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