The Role of Forensic Accounting in Reducing the Financial Fraud in Business
DOI:
https://doi.org/10.51173/jt.v2i2.150Abstract
After the overlapping of science and with the cases of corruption and financial fraud experienced by most countries in the world, academic studies began to unite to create dual professional disciplines. One of the most important of these unions is the union of law with accounting to produce the concept of forensic accounting after the legal accounting with unlimited powers to go further to detect corruption and fraud. In this paper, we discussed many issues such as the nature of financial fraud in business, the extent of its impact on the confidence of the public mainly, the types of financial fraud and the most important factors affecting it, in addition to clarifying the theoretical framework of forensic accounting, its historical background, and its role in reducing financial fraud through a review of the most important global experiences. The importance of this paper can be presented as a scientific study that examines the possibility of using forensic accounting as an effective tool to eliminate cases of fraud in business, and to benefit the management, investors and lenders by narrowing the trust gap between these parties.
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