Do behavioral, educational, and legal factors determine the applicability of forensic accounting in the public sector?

Lawal, Sagir; Kurawa, Junaidu Muhammad; Hamid, Kabir Tahir; Umar, Umar Habibu

doi:10.30585/jrems.v3i2.595

Cited by 3 publications

(3 citation statements)

References 4 publications

(15 reference statements)

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“…Similarly, a sample item for benevolence ethical climate is "It is expected that one will always do what is right for the public". The scale for the measurement of forensic accounting services was adopted from the study of Lawal et al (2021) and modified as to suit our purpose as shown:…”

Section: Methodsmentioning

confidence: 99%

“…It is a strategic approach for analyzing and minimizing financial crimes and fraud through forensic auditing techniques. However, no matter the level of professional forensic accountants' expertise, they would not achieve the goals of detecting and preventing fraud without the necessary supportive ethical climate (Lawal et al, 2021). Despite the well-researched role of ethical climate on different aspects of firm performance, empirical studies on the effect of ethical climate on the use of forensic accounting services for the detection and prevention of fraud in the public sector are limited.…”

Section: Introductionmentioning

confidence: 99%

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Perceived Ethical Climate and Forensic Accounting Services: Evidence From the Nigerian Public Sector

Chinonso¹,

Meshack²

2023

BIoHS

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It has been maintained that no matter the level of professional forensic accountants’ expertise, they would not achieve the goals of detecting and preventing fraud without the necessary supportive ethical climate. Therefore, this study investigated the effect of perceived ethical climate and the use of forensic accounting services for the detection and prevention of fraud in the Nigerian public sector. The study used data collected from the responses of 133 senior staff in the finance and accounts department of the six-area council in Abuja. The method of data analysis technique adopted for this study is multiple regression analysis with the aid of Statistical Package for Social Sciences (SPSS). The study found that perceived ethical climate (principle ethical climate and benevolence ethical climate) has a positive and significant effect on the application of forensic accounting services in the selected public sectors of Nigeria. The study concluded that one of the key elements influencing the use of forensic accounting services in the public sector is the perceived ethical climate. This study recommends that professional accountants should eschew the temptation to mislead and manipulate financial information, even while inaccuracies or differences of opinion regarding the applicability of forensic accounting services laws do exist.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Perceived Ethical Climate and Forensic Accounting Services: Evidence From the Nigerian Public Sector

Chinonso¹,

Meshack²

2023

BIoHS

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“…Big Data has the capacity to forecast future events in addition to analyzing the patterns of past occurrences. Lawal (2021) The need for auditors with Big Data expertise to make business decisions is growing. The authors show that forensic accounting and big data analytics are becoming more and more popular in both practice and education.…”

Section: Sno Author Namementioning

confidence: 99%

Evaluating the Significance of Forensic Accounting in Fraud Detection in the Indian Banking Sector: A Systematic Literature Review

Aashima,

Mohanty,

Kedia

2023

Gurukul Business Review

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Purpose: The purpose of this paper is to examine the significance of forensic accounting in fraud detection and investigating the fraudulent practices in the Indian Banking sector Design/Methodology/Approach: This paper review studies conducted on forensic accounting in Indian banking sector to explore the suitability of the same in detection of the occurrences of fraud and investigation of fraudulent practices in the Indian Banking Sector. Findings:The need to identify and stop financial fraud has never been greater. Even though regulatory agencies like SEBI and RBI attempted to cut down on fraud, their results were unfavourable. Fraudsters nowadays are sophisticated and technologically adept and use novel techniques to commit their crimes. Furthermore, the study highlights Fraud in the Indian Banking Industry. Lastly, the study highlights the Role of Big Data in Influence Practitioners to Use Forensic Accounting for Fraud. Research limitation/implication: Corporate leaders are ready to avoid committing financial fraud despite pressure from investors, government securities regulators, and exogenous market swings, according to the study's key premise that fraud may be reduced by proactive and intentional action by auditors. Theoretical implication: Forensic accounting requires knowledge of large data, and should be included in courses for both undergraduate and graduate students. Practical implication: Forensic accounting is a viable method for exposing bank fraud in India, but more focus should be given to fraud instances where forensic accountants haven't paid attention. Orginality/value: From published literature, it is evident that there is dearth of studies conducted on forensic accounting and detection of frauds in the Indian Banking Sector. The review paper is a holistic study that focuses on forensic accounting, its suitability in uncovering frauds in Indian Banking sector.

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The double-edged sword of forensic accounting services: litigation risks in Jordan’s industrial sector

Al-Hazaima,

Arabiat,

Maayah

2023

JFRA

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Purpose This study aims to examine the association between forensic accounting services (FAS) and the risk of litigation within the context of industrial firms that are publicly traded on the Amman Stock Exchange by using the resource-based theory. Design/methodology/approach This study uses a data set consisting of 250 firm-year observations from 2017 to 2021, obtained from the annual reports of 50 selected firms. Logistic regression techniques are used to examine the specifics of the investigated relationship. Findings The findings strongly suggest that companies that use FAS are more likely to face increased litigation risks. This observation suggests that these firms are subject to a more thorough level of evaluation or scrutiny, which inherently increases their vulnerability to potential risks. The study incorporated several control variables such as firm age, size, profitability and working capital. However, it is noteworthy that the connection between FAS and litigation risk emerged as particularly prominent. Research limitations/implications Findings highlight the need for practitioners to tread cautiously with FAS. Although they provide in-depth evaluations, they can also unveil vulnerabilities, leading to increased legal action. Companies should balance the depth of FAS scrutiny against potential legal repercussions, ensuring they harness its benefits without inadvertently raising legal risks. Originality/value While most studies have emphasized the impact of forensic accounting on fraud, this paper covers a gap in the literature regarding the impact of FAS on litigation risks. The paper also facilitates the understanding of the correlation between firm characteristics and the likelihood of litigation.

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Do behavioral, educational, and legal factors determine the applicability of forensic accounting in the public sector?

Cited by 3 publications

References 4 publications

Perceived Ethical Climate and Forensic Accounting Services: Evidence From the Nigerian Public Sector

Perceived Ethical Climate and Forensic Accounting Services: Evidence From the Nigerian Public Sector

Evaluating the Significance of Forensic Accounting in Fraud Detection in the Indian Banking Sector: A Systematic Literature Review

The double-edged sword of forensic accounting services: litigation risks in Jordan’s industrial sector

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