Contribution of Forensic Accounting to Corporate Governance: An Exploratory Study of an Asian Country

Bhasin, Madan Lal

doi:10.2139/ssrn.2676488

Cited by 28 publications

(43 citation statements)

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Challenge of mitigating bank frauds by judicious mix of technology: Experience of a developing country

Bhasin

2016

Economics, Management and Sustainability

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E Ec co on no om mi ic cs s, , MMa an na ag ge em me en nt t a an nd d S Su us st ta ai in na ab bi il li it ty y journal home page: http://jems.sciview.net Bhasin, M. (2016 Abstract: Banks are the engines that drive the operations in the financial sector, money markets and growth of an economy. With the rapidly growing banking industry in India, frauds in banks are also increasing fast, and fraudsters have started using innovative methods. A questionnaire-based survey was conducted in 2013-14 among 345 bank employees to know their perception towards bank frauds, degree of their compliance level, and integration of technology to detect, control and prevent frauds. This study provides discussion of the attitudes, strategies, and the technology that bank specialists will need to combat frauds.Banks that can leverage advances in technology and analytics to improve fraud prevention will reduce their fraud losses. In 2015, the RBI introduced new mechanisms for banks to check loan frauds by taking pro-active steps by setting up a Central Fraud Registry, introduced the concept of Red Flagged Account, and Indian investigative agencies will soon start sharing their databases with banks.

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Challenge of mitigating bank frauds by judicious mix of technology: Experience of a developing country

Bhasin

2016

Economics, Management and Sustainability

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“…FA is mainly recognized for detecting financial frauds and for this reason, any study of Forensic Accounting is coarse unless it is combined with fraud and tackling of fraud [37]. Bhasin [38] opined that, FA came into existence because of the continuous and rigorous frauds, which are not detectable by the common auditing tools, additionally, conventional way of auditing is not enough as frauds are still transpiring, despite of the presence of policies, governance codes and governance bodies.…”

Section: B Past Studies On Forensic Accounting (Fa)mentioning

confidence: 99%

“…Likewise and as mentioned by [42] the outbreak of occupational fraud and financial abuse has increased pressure on the accounting and or auditing professions to find improved ways of uncovering financial crimes and the answer for such problem is FA [38].…”

Section: B Past Studies On Forensic Accounting (Fa)mentioning

confidence: 99%

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Forensic Accounting on Corporate Governance Maturity mediated by Internal Audit: A Conceptual Overview

Rehman¹,

Hashim²

2018

Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)

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Abstract-Identification and development of forensic accounting as an organization's essential intangible asset has been traced as an immense vital essence that can influence corporate governance maturity. This paper attempts to integrate relevant empirical research and literature to extend the intended potentials of forensic accounting on corporate governance maturity particularly in public listed companies in Oman. Moreover, this paper will identify the role of forensic accounting as preventive measure rather than a detective control which is at present widely understood. The paper also proposes that internal audit poses a mediating role between forensic accounting and corporate governance maturity by linking professional theory and agency theory in its relationship. Since the existing literature provides less evidence that attempt to observe the influence of forensic accounting on corporate governance maturity, this paper offers and calls a promising proposition for future research.

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“…At present, in the complex business environment, there is a great demand for people who besides auditing, accounting and fi nancial reporting, have knowledge in other areas, including legal regulations and laws, actuarial science, soft ware tools, and even psychology. As forensic accounting represents the interdisciplinary fi eld, it is considered that it has been placed in the forefront of the crusade against fi nancial fraud and accounting scandals [1]. Th e level of this profession's high demand can be seen in the fact that when the American Institute of Certifi ed Public Accountants -AICPA, formed a committee for certifi cation in the area of fi nancial forensics in June 2008; the goal was to award 900 credentials by the end of year one.…”

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Forensic Accountant: Innate Trait or Acquired Skill?

Arežina¹,

Knežević²,

Simeunović³

et al. 2014

Proceedings of the 1st International Scientific Conference - FINIZ 2014

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Abstract:The recent wave of corporate fraudulent financial reporting demanded global reforms in corporate governance, as well as in financial reporting, in order to regain investors' trust. In current business environment, there is a high demand for forensic accountants because of their knowledge of different areas, including accounting, auditing, law and various investigative skills. However, the main dilemma is what skills forensic accountants should have and whether those are innate traits or skills that could be learned by experience. In this paper, we will try to sublimate the experiences and opinions of various authors in order to determine which skills and traits are re levant to the profession of forensic accountant. Furthermore, we will present the main results of research dealing with this issue, conducted by the American Institute of Certified Public Accountants (AICPA).

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Contribution of Forensic Accounting to Corporate Governance: An Exploratory Study of an Asian Country

Cited by 28 publications

References 0 publications

Challenge of mitigating bank frauds by judicious mix of technology: Experience of a developing country

Challenge of mitigating bank frauds by judicious mix of technology: Experience of a developing country

Forensic Accounting on Corporate Governance Maturity mediated by Internal Audit: A Conceptual Overview

Forensic Accountant: Innate Trait or Acquired Skill?

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