Role of Forensic Accounting in Fraud Detection

Running head: RESEARCH IN BUSINESS
Research in Business
Name of the Student
Name of the University
Author note

1RESEARCH IN BUSINESS
Table of Contents
Problem Statement:..................................................................................................................................2
Aims and Objectives:...............................................................................................................................2
A brief Methodology:..............................................................................................................................3
Literature synopsis:..............................................................................................................................3
Data analysis methods:............................................................................................................................3
References:...............................................................................................................................................4

2RESEARCH IN BUSINESS
Problem Statement:
It has been seen that there has been an increase of frauds, both in the public as well as the
private sectors. These frauds, without any doubt, take place under the supervision and knowledge of
the internal auditors, as they are the ones, who look after the investigation and auditing aspect of the
internal system and their way of working. As internal auditors are employees of the concerned
organisation, it can be a factor, contributing to this, but then in the case of the external auditors, frauds
do take place. It has been seen that with the advancements in the field of information and technology,
the fraudsters also continue to improve themselves, thus, frauds cannot be eradicated solely with
improves measures or any kind of technological development (Imoniana, Antunes & Formigoni,
2013).. This comes to the point of the introduction of forensic accounting. Forensic accountants have
the requisite knowledge of tackling the modern white collar crimes, money embezzlement cases, cases
of bankruptcies and disputes in contracts (Okoye & Gbegi, 2013). Their roles have been increasing in
the arena of litigation and legal disputes, resulting from recent cases of frauds and failures. At the crux
of this problem statement, this research is based on the role of forensic accounting in fraud detection.
Aims and Objectives:
The basic objective behind this research is to investigate what role is forensic accounting
going to play in tackling fraud cases. There are some precise and specific set of objectives attached to
this, which are:
 To find out the impact of forensic accounting on the cases of fraud detection.
 To investigate the idea and the possibility of reducing the number of fraud cases, with the
application of forensic accounting.