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Research Proposal - Forensic Accounting as a Tool for Fraud Detection

This assignment aims to study the factors affecting female career interests in the rail industry in Australia, specifically focusing on increasing female candidates at Metro Trains Melbourne.

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Added on  2022-09-06

Research Proposal - Forensic Accounting as a Tool for Fraud Detection

This assignment aims to study the factors affecting female career interests in the rail industry in Australia, specifically focusing on increasing female candidates at Metro Trains Melbourne.

   Added on 2022-09-06

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Running head: RESEARCH PROPOSAL
Forensic
Accounting as
a tool for Fraud
Detection
3-31-2020
Research Proposal -  Forensic Accounting as a Tool for Fraud Detection_1
RESEARCH PROPOSAL 1
Table of Contents
Problem Statement.....................................................................................................................2
Research aim and Objective...................................................................................................2
Brief Methodology.................................................................................................................3
Secondary data sources, data presentation, and data analysis............................................3
References..................................................................................................................................5
Research Proposal -  Forensic Accounting as a Tool for Fraud Detection_2
RESEARCH PROPOSAL 2
Problem Statement
In the present digital age, the implications of financial crime against different
financial institutions, banks, and services are increasing at a fast rate. Preventing fraud now
shows the largest concern areas for the industry of financial services and is possibly to be the
biggest IT expenditure driver in the future. Generally, businesses lose around 5% of their
revenue due to fraud on a yearly basis, with financial and banking services, manufacturing
and government industries most usually victimized. In all the possible global fraud losses
associated with occupational fraud are more than $3.5 trillion (Capgemini, 2017). In order to
resolve this issue and identify the fraud in finance, there is the use of forensic accounting as
the tool.
Forensic accounting makes use of auditing, accounting, and examine skills for
inspecting the finances of a business or an individual. Forensic accounting offers an analysis
of the accounting that is appropriate to be adopted in the legal records. Forensic accountants
are provided with the training for looking beyond the deal and numbers with the reality of the
business of a situation. Forensic accounting is most of the time adopted in the fraud and
misuse cases for exampling the financial crime nature in the court (Singleton, 2010).
Forensic accountants evaluate, understand and abridge complex business and financial cases.
They are hired by the banks, government agencies, insurance companies, public accounting
firms, and police forces. Forensic accountants accumulate the financial evidence, create
computer applications for managing the information gathered and communicate their results
in the presentation or report format (Modugu & Anyaduba, 2013).
Research aim and Objective
This research aims to discuss forensic accounting as a tool for fraud detection. In order to
meet this aim, here are some of the objectives.
Research Proposal -  Forensic Accounting as a Tool for Fraud Detection_3

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