1. bookVolume 1 (2021): Issue 2 (December 2021)
Journal Details
License
Format
Journal
eISSN
2744-1687
First Published
17 Jul 2021
Publication timeframe
2 times per year
Languages
English
access type Open Access

Forensic Accounting vs Fraud examination: Roles, Importance and Differences

Published Online: 18 Jan 2022
Volume & Issue: Volume 1 (2021) - Issue 2 (December 2021)
Page range: 29 - 47
Received: 19 Nov 2021
Accepted: 20 Dec 2021
Journal Details
License
Format
Journal
eISSN
2744-1687
First Published
17 Jul 2021
Publication timeframe
2 times per year
Languages
English
Abstract

Fraud has existed throughout history. Yet, it is estimated that today's occurrence has a huge impact on global revenues, highlighting the importance of fraud examination and forensic accounting. Although the roles of the two disciplines appear to be similar (e.g. litigation support), they differ significantly in their objectives, with the goal of fraud auditing being to determine whether fraud has occurred and, if so, who is responsible. Forensic accounting has the additional objective of assessing the financial consequences and determining whether the allegations have a factual basis by analyzing the financial evidence.

Keywords

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