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Forensic Accounting And Fraud Detection Pdf

forensic accounting and fraud detection pdf

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The following research questions are drawn to address the objectives of this study. To what extent does investigative accounting impact on fraud detection? What is the effect of litigation support service on fraud prevention? To what extent does investigate accounting relate with fraud prevention? What is the extent of the relationship between litigation support services and fraud detection?

This study examines the role of forensic accounting in checkmating fraud. A case study of Oyigbo local government in Rivers State. The incidence and volume of fraud are on an increase on a daily basis and all level of the society is very involved. The rich and the poor, both young and elderly, irrespective of gender and ethnicity are neck-deep in fraud and fraud-related activities, which says a whole lot about our moral and family situations.

For instance, if one may ask, what will compel a top executive, a lowly ranked employee, or a long time middle manager to ultimately risk everything- job, integrity, career, and freedom, convinced that their crimes will go undetected?

Our everyday fictional characters on frauds and financial crimes, just like in the real world, are frequently motivated by financial needs caused by avarice, poor investments, greed, gambling, debts, or ostentatious lifestyles. Fraud is simply a universal problem, as no nation or organization is immune to it, although developing nation and their organizations suffer the most pain. It then begs the question, what is Fraud? Fraud includes all the multifarious means human ingenuity can devise that are resorted to by an individual or a group, to get an advantage over another by false suggestions or suppression of the truth.

Fraud is a legal term that refers to the intentional misrepresentation of the truth in order to manipulate or deceive a company or individual. It involves creating a misjudgment or maintaining an existing misjudgment to induce somebody to make a contract. David , states that fraud is not a possibility but a probability.

He also explains that fraud can be better prevented if decisions are made by a group and not an individual. However, this is not the case if the group has the same interest in mind. Then fraud may not be prevented. Conversely, the group is influenced by the dominant decision-maker who ends up deciding everything.

Russel 1 cited in Bello, remarks that the term, fraud is generic and is used in various ways. Fraud assumes so many different degrees and forms that courts are compelled to context themselves with only a few general rules for its discovery and defeat.

The first and most sophisticated way of carrying out fraudulent activities in many organizations is through the accounting and financial records. Forensic accounting is a rapidly growing field of accounting that describes the engagement that results from actual or anticipated disputes or litigations.

Forensic accounting is an investigative style of accounting that is used to determine whether an individual or an organization has engaged in any illegal financial activities. Although forensic accounting has been in existence for several decades, it has evolved over time to include several types of financial information scrutiny. In many quarters, forensic accounting is equated to financial audits, but they are miles apart.

Forensic accounting is usually described as the integration of accounting and auditing skills with investigative techniques and professional skepticism. Employee and management fraud, theft, embezzlement, and other financial crimes are increasing, therefore accounting and auditing personnel must have training and skills to recognize those crimes in organizations both private and public, at the federal level and the grass root to better ensure these companies and corporations prospects, in the area of fraud prevention, deterrence, detection, investigation, and remediation.

Forensic accounting includes the use of accounting, auditing, and investigative skills to assist in legal matters. It also involves the quantitative skills to collect, analyze, and evaluate financial evidence, as well as the ability to interpret and communicate findings.

Thus it provides an accounting analysis that is suitable for the court Investopedia, Objective verification is the primary goal of forensic accounting. For this reason, many forensic accountants are asked to testify in court cases as expert witnesses for either the prosecution or the defense. On the other hand, a forensic accountant may be asked to calculate economic damages that occurred as a result of a breach of contract or provide insight into a case based on a claim of professional negligence.

In Nigeria, for instance, businesses are faced with a breach of contracts which may be reasons for abandoned projects mainly the government-sponsored, by contractors who might have collected more than fifty percent of the contract sum.

The application of forensic accounting can bring such fake contracts to book by providing appropriate financial evidence that can aid legal actions against them. Forensic accounting is hence, said to bring significant improvement in the quality of fraud detection and prevention.

Increasing instances of misappropriation of corporate funds and the failure of the statutory audit to prevent them, along with an increase in corporate crimes and frauds have put pressure to find a better way of exposing fraud in the business world. Again, a series of frauds have been committed both in the public and private sectors of the economy, in recent times. These in no doubt are perpetrated under the supervision of the internal auditors of the organization.

It suffices to say that the independence of the internal auditor is not guaranteed because he works as an employee of the government or organization.

Then comes the idea of external auditors, yet fraud is still being committed on a daily basis. He is more liable to engage in fraudulent activities, as a result of his unquestionable autonomy. Another problem could be attributed to the fact that the existing conventional accounting or auditing practices are incapable of going beyond numbers and analyzing other hidden aspects of corporate fraud.

These aforementioned scenarios indicate that as more and more development in Information Communication Technology ICT world and other fields, so fraudsters continue to groom their own tactics toward fraudulent practices. It now becomes pertinent that forensic accounting is introduced and practices since the external auditors do not or may not have the required training to be able to tackle modern frauds like white-collar crimes such as security fraud, embezzlement, bankruptcies, contract disputes, and possibly criminal financial transactions; including money laundering by organized criminals, also is the ability of the forensic accountant to provide litigation support services and investigative accounting.

Thus, this study would fathom how the work of the forensic accountant can curb the faceless phenomena of fraud. The general objective of this study is to examine the effect of forensic accounting in curbing fraud in Oyigbo local government, The specific objectives of the study include:. Prior to the specific objectives and research questions, the following null hypothesis is formulated.

Ho4: There is no significant relationship between litigation support services and fraud detection. In the light of broad coverage, conceptually the researcher focuses on the effect of forensic accounting on fraud checkmate in an organization. In the course of this research work, the researcher encountered some limitations. Some limitations envisaged in this research work were:. The essence of this study is to provide a clear picture of the role forensic accounting plays in curbing fraud in organizations.

The research work when completed will be very useful to the following:. Generally, through documentation, the study will prove to be of importance to most sectors of the economy, small-scale businesses, religious leaders, scholars of every discipline, and the general public.

The research work would also contribute to the existing literature on this topic, and will serve as a guide to other researchers, that want to carry out similar research on it. FRAUD : It is the intentional misrepresentation of the truth in order to manipulate or deceive a company or individual. Your email address will not be published.

To what extent does investigate accounting relates to fraud prevention? Ho1: Investigative accounting has no impact on fraud detection.

Ho2: Litigation support services has no effect on fraud prevention. Ho3: There is no significant relationship between investigative accounting and fraud prevention.

Some limitations envisaged in this research work were: The uncooperative attitude of the staff in the organization: This is a major limitation that increases the time spent in completing the research work. Monetary constraints : These factors serve as a deficiency for the research work and the result of low financial capability, it was not enough to give the desired results.

Since no man can claim a monopoly of knowledge, this study is no exception, and we acknowledge that this study is limited by a myriad of.

The research work when completed will be very useful to the following: Businesses and companies : the study will create awareness among managers on the important roles forensic accounting plays in checkmating financial crimes. Government and its corporations : The study will empower the government with the knowledge and means to reduce fraud through the tool of forensic accounting.

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An innovative approach in combating economic crime using forensic accounting techniques

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The Impact of Forensic Accounting on Fraud Detection

Enofe 1 P. To achieve this objective, data was collected from primary sources. The primary data were collected with the help of a well-structured questionnaire of three sections administered to fifteen firms in Benin City Edo State. The collected data were analyzed with descriptive statistics using ordinary least square OLS regression and Chi-square.

Mohd Shukri Ab Yajid Prof. Ali Khatibi Prof. Ferdous Azam Dr. European Journal of Economic and Financial Research. European Journal of Management and Marketing Studies.

Scopus Citedness. This study aims to explore and analyze 1 the effect of the implementation of forensic accounting on fraud prevention; 2 the effect of the implementation of forensic accounting on fraud detection; and 3 the effect of the implementation of investigative audit on fraud disclosure in regional fi nancial management. The research method used in this study is descriptive qualitative method that examines some information derived from informants through in-depth interview. The results of the research analysis show that there are some problems or weaknesses in the implementation of forensic accounting, such as uneven SPIP maturity level, employees of agencies that are resistant to FCP implementation, the implementation of SIMDA that is not maximal, the absence of EDP laboratories in the BPKP of East Nusa Tenggara, and discrepancies in budget estimates on the implementation.

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Forensic Accounting Techniques and Fraud Prevention in Sierra Leonean Deposit Money Banks

Deposit money banks are financial institutions licensed by the Central Bank of Sierra Leone to mobilize deposit from surplus unit and channel the funds through loans to the deficit unit and perform other financial services, such as accepting deposits, giving business loans and auto loans, mortgage lending and basic investment products like savings accounts and certificates of deposit. This study examined the Forensic accounting techniques and fraud prevention in Sierra Leonean money deposit banks. Survey design was utilized in this study with relation to Forensic accounting techniques and fraud prevention in Sierra Leonean money deposit banks.

The following research questions are drawn to address the objectives of this study. To what extent does investigative accounting impact on fraud detection? What is the effect of litigation support service on fraud prevention? To what extent does investigate accounting relate with fraud prevention?

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Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. Yamusa and S. Yamusa , S. Faboyede Published Business Manager Journal. This study aims at exploring the relevance of forensic accounting in curbing crime and corruption in public sector. The objective of the research work seeks to explore the role a forensic accountant can play in the fight against corruption by applying his investigative skills, providing litigation support service and documentation and reporting.

Si! - вскрикивала она в интервалах между его рывками и впивалась ногтями ему в спину, стараясь ускорить его движения. Все смешалось в ее голове - лица бесчисленных мужчин, склонявшиеся над ней, потолки гостиничных номеров, в которые она смотрела, мечты о том, что когда-нибудь все это кончится и она заведет детей… Внезапно, без всякого предупреждения, тело немца выгнулось, замерло и тут же рухнуло на. Это. - подумала она удивленно и с облегчением и попыталась выскользнуть из-под. - Милый, - глухо прошептала .

Прямо перед ним над деревьями возвышалось Аюнтамьенто - старинное здание ратуши, которое окружали три акра бело-голубой мозаики азульехо. Его арабские шпили и резной фасад создавали впечатление скорее дворца - как и было задумано, - чем общественного учреждения. За свою долгую историю оно стало свидетелем переворотов, пожаров и публичных казней, однако большинство туристов приходили сюда по совершенно иной причине: туристические проспекты рекламировали его как английский военный штаб в фильме Лоуренс Аравийский.

Охранник залюбовался Сьюзан, шедшей по бетонной дорожке. Он обратил внимание, что сегодня взгляд ее карих глаз казался отсутствующим, но на щеках играл свежий румянец, а рыжеватые до плеч волосы были только что высушены. От нее исходил легкий аромат присыпки Джонсонс беби. Его взгляд скользнул по стройной фигурке, задержался на белой блузке с едва различимым под ней бюстгальтером, на юбке до колен цвета хаки и, наконец, на ее ногах… ногах Сьюзан Флетчер.

 Salida! - крикнул Беккер.  - Salida. Выпустите. Кардинал Хуэрра послушно кивнул.

И уже утром мы сможем поехать. В нашем распоряжении будет целых два дня.


  1. Helene F.

    27.04.2021 at 21:21

    Forensic Accounting: A Tool for Fraud Detection and Prevention in the Public Sector. (A Study of Selected Ministries in Kogi State). March

  2. Beronike S.

    04.05.2021 at 14:43

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  3. Nazareno O.

    05.05.2021 at 16:02

    The purpose of this study is to develop an innovative approach of combating economic crime using the forensic accounting techniques.

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