Journal of Commerce and Accounting Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Will Implementation of Forensic Accounting Identify the Sense of Financial Fraud?


Affiliations
1 GLS University, Ahmedabad, Gujarat, India
     

   Subscribe/Renew Journal


The threat of fraudulent financial statement has been in existence for several years. In fact it was the threat of this and the need to provide shareholders and other stakeholders with a reasonable assurance and a means of protecting their wealth from different forms of fraud. Moreover, the edge of lack of credibility and confidence in reasonable assurance, and when the issue of fraud detection and prevention was at its pinnacle, it has been forecasted that in the nearest future there will be response of the general roles of the auditors to detect and prevent misappropriation of assets, corruption fraud and fraudulent financial statements. These actions led to the employing of fraud investigators who can be called forensic accountants. The study emphasized on, will stakeholders identify the sense of financial fraud by implementing forensic accounting? The respondents proclaimed that implementation of forensic accounting will stem the financial fraud & bridge the expectation of audit.

Keywords

Accounting Professionals, Audit Expectation Gap, Financial Statement, Forensic Accounting, Fraud, Misappropriations.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Bhasin, M. (2013). Survey of appropriate skills required by forensic accountants: empirical evidence from a developing economy. International Journal of Accounting and Economics Studies, 1(2).

  • Bhasin, M. (2016). Contribution of Forensic Accounting to Corporate Governance: An Exploratory Study of an Asian Country. International Business Management, 10(4), pp.479-492.

  • Cicchella, D. (2005). Construction audit guide: Overview, monitoring, and auditing. Altamonte Springs, FL: IIA Research Foundation. ISBN 0-89413-587-2

  • Crumbley, D. L., Heitger, L. E., & Smith, G. S. (2005-08-05). Forensic and investigative accounting. CCH Group. ISBN 0-8080-1365-3.

  • Enofe, A. O., Okpako, P. O., & Atube, E. N. (2013). The impact of forensic accounting on fraud detection. European Journal of Business and Management, 5(26), 61-72.

  • Ozili, P. K. (2015). Loan loss provisioning, income smoothing, signalling, capital management and Procyclicality: Does IFRS matter? Empirical evidence from Nigeria. Mediterranean Journal of Social Sciences, 6(2), 224-232.

  • Ozkul, F. U., & Pamukçu, A. (2012). Fraud Detection and Forensic Accounting. In Emerging Fraud (pp. 19-41). Springer Berlin Heidelberg.

  • Parr, R. L., & Smith, G. V. (2010). Intellectual property: Valuation, exploitation, and infringement damages. Hoboken, N.J.: Wiley. pp. Chapter 33. ISBN 0-470-45703-1. Conference, Cowan University.

  • Ramaswamy, v. (2005). Corporate Governance and the Forensic Accountant. [Online] Archives.cpajournal.com. Available at: http://archives.cpajournal.com/2005/305/essentials/p68.htm [Accessed 22 Jan. 2018].

  • Ramazani, M., & RafieiAtani, H. (2010). Iranian accountants conception of the prevention methods of fraud and offering some recommendations to reduce fraud In Iran. Global Journal of Management and Business Research, 10(6), 31-45


Abstract Views: 499

PDF Views: 0




  • Will Implementation of Forensic Accounting Identify the Sense of Financial Fraud?

Abstract Views: 499  |  PDF Views: 0

Authors

Megha Kinchit Shah
GLS University, Ahmedabad, Gujarat, India

Abstract


The threat of fraudulent financial statement has been in existence for several years. In fact it was the threat of this and the need to provide shareholders and other stakeholders with a reasonable assurance and a means of protecting their wealth from different forms of fraud. Moreover, the edge of lack of credibility and confidence in reasonable assurance, and when the issue of fraud detection and prevention was at its pinnacle, it has been forecasted that in the nearest future there will be response of the general roles of the auditors to detect and prevent misappropriation of assets, corruption fraud and fraudulent financial statements. These actions led to the employing of fraud investigators who can be called forensic accountants. The study emphasized on, will stakeholders identify the sense of financial fraud by implementing forensic accounting? The respondents proclaimed that implementation of forensic accounting will stem the financial fraud & bridge the expectation of audit.

Keywords


Accounting Professionals, Audit Expectation Gap, Financial Statement, Forensic Accounting, Fraud, Misappropriations.

References