Navigating Forensic Accounting Challenges in the Digital Economy: Unraveling Complexities and Ensuring Financial Integrity

The paper analyses challenges confronting forensic accountants in the virtual economy as applied in Ahmedabad, India. Quantitative methodology is employed in which a stratified random sample of 78 people who constitute a group of forensic accountants, auditors and financial professionals is sampled. The variables of big data analytics, complexities of jurisdictions, transactions of cryptocurrencies and lifelong skill development are addressed in structured questionnaires. Smart Partial Least Squares (PLS) structural equation modeling is the method of analysis in this case, because it is applicable to analyzing complex relationships, as well as to the prediction. The software is applicable to establish reliability and validity of the measurement model and the structure relations amongst variables. In addition to this, the analysis is supplemented by the application of the Statistical package of the social sciences (SPSS) in the descriptive, correlation, and regression analysis. The study is done in an ethical manner that will ensure the confidentiality of the participants, informed-consent document and privacy of data. The ethical approval is the institutional review board consent. The research will have a specialized purpose in comprehending the multifaceted pressures of a forensic accountant in the digital economy and provide an entire picture of the dynamics under the context of Ahmedabad. It is believed that the outcomes will inform the strategies, tools and educational programs so as to enhance the sufficiency of the forensic accountants to adjust to suit the dynamic environment of digital financial transactions.