Impact of Forensic Accounting Domains on Financial Corruption in Lebanon – An Empirical Study

Abstract

Forensic accounting was developed after the widespread corruption in the world of business today. It is now considered a fundamental branch of accounting since it revolves around disputes and issues in the law that require accounting and legal knowledge and practices to be resolved. This study examines the impact of two forensic accounting domains – the expert witness and litigation support – on financial corruption in Lebanon. The study adopts the analytical descriptive approach utilizing an empirical study. A well-structured five-point Likert style questionnaire was devised as the study tool and was distributed among a sample of 323 of the total population that consists of all certified public accountants (CPAs) in Lebanon, tax controllers, senior tax controllers, and heads of the departments and divisions in the Lebanese Ministry of Finance, and auditors at the Lebanese Audit Bureau. The study reached important findings, mainly that there is an impact of the expert witness, which is one of the forensic Accounting domains, on curbing financial corruption in Lebanon, and that there an impact of the litigation support, which is one of the forensic Accounting domains, on curbing financial corruption in Lebanon.