Global Advanced Research Journal of Economics, Accounting and Finance (GARJEAF)
March 2019 Vol. 6(1), pp. 001-005
Copyright © 2019 Global Advanced Research Journals

 

Full Length Research Paper

The Impact of Forensic Accounting on Financial Performance of Investment Firms

Ms. Amal Abdu Hadi Debajie

Faculty of Accounting at Jazan University College of Business Administration-department of Accounting

E-mail: adebajie@jcba.edu.sa

Accepted 25 March, 2019

Abstract

This paper discusses the impact of task performance, fraud risk assessment and forensic accountants and auditors’ skills and mindsets in the profitability sectors and investment sectors. It also draws the attention of the users of public sector accountants and auditors such as the Economic and Financial Crimes Commission, the Independent Corrupt Practices Commission, Special Control Unit of Money Laundering. The objective of the study is to enhance the fraud risk assessment task performance in the Office of  Auditor General and Accountant General  through the effective use of skills and mindsets (forensic accountant and auditor), which will usher in the best corporate governance practices in the world in both public and private sectors. Thus, the study suggests performance measurement can be improved considering the impact of forensic accountant skills and mindsets on fraud risk assessment in the public and private sectors. Forensic accounting promotes financial performance by providing confidence in the financial markets. The proposed research is to investigate the various accounting scandals and eye-catching frauds, with the objective of exploring the role of auditing and forensic accounting. The study was inspired by the fact that accounting scandals and frauds still occur in the 21st century when auditing is massively performed to ensure transparency, reliability, and compliance with the generally accepted accounting principles. Attracting investors is the goal of global companies while providing the credibility, integrity of the financial statements and strength of the financial position and the reputation of the company.

Keywords: Forensic Accounting, Financial Performance, Investment Firms, Auditors’ Skills, Task Performance

 

References

Amiram D, Bozanic Z, Cox JD, Dupont Q, Karpoff JM, Sloan R (2018). Financial reporting fraud and other forms of misconduct: a multidisciplinary review of the literature. Rev. Account.  Stud. 23(2): 732-783.

Bhasin M (2016). Forensic Accounting in Asia: Perspectives and Prospects. Int. J. Manage. Soc. Sci. Res. 5(7): 25-38.

Bradford M, Earp JB, Showalter DS, Williams PF (2016). Corporate sustainability reporting and stakeholder concerns: Is there a disconnect? Accounting Horizons, 31(1): 83-102.

Dada SO (2014). Forensic Accounting Technique: A means of successful eradication of corruption through fraud prevention, bribery prevention and embezzlement prevention in Nigeria. Kuwait chapter of Arabian J. Bus. Manage. Rev. 33(2579): 1-11. 

Emmanuel OG, Enyi EP, Olajide DS (2018). Forensic accounting techniques and integrity of financial statements: an investigative approach. J. Afr. Interdisciplinary Stud.  (JAIS): 2, 3.

Enofe AO, Ekpulu GA, Ajala TO (2015). Forensic accounting and corporate crime mitigation. Eur. Sci. J. ESJ. 11(7).

Eyisi AS, Ezuwore CN (2014). The impact of forensic auditors in corporate governance. Res. J. Fin. Account. 5(8):31-39.

Huber W (2017). Forensic accounting, fraud theory, and the end of the fraud triangle. J. Theoretical Account. Res. 12(2).

Kizil C, Kaşbaşı B (2018). Accounting Scandals and Eye-Catching Frauds: USA-Japan Comparison by Considering the Role of Auditing. J. Asian Res. 2(3).

Osho AE (2017). Impact of Forensic Accounting on University Financial System in Nigeria. Eur.  Sci.  J. 13(31).

Salleh K, Ab Aziz R (2014). Traits, skills and ethical values of public sector forensic accountants: an empirical investigation. Procedia-Soc. Behavioral Sci. 145: 361-370.

White T (2016). Global Economic Crime Survey 2016. Adjusting the Lens on Economic Crime.In PwC.


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