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<p>This article explores the critical roles of forensic accounting and auditing in modern business, focusing on uncovering financial irregularities and promoting transparency. Through a meticulous literature review and analysis, the study emphasizes the significance of these practices. The purpose is to underscore their importance, methodologies, and implications. Methodologically, the article employs a comprehensive literature review and meticulous analysis of real-world applications. It investigates cases of corporate fraud, financial statement analysis, and dispute resolution. Ethical and legal considerations are highlighted, emphasizing the adherence to professional codes and standards. The study reveals that forensic practices are pivotal in detecting financial misconduct, upholding financial transparency, and ensuring accountability. Technological advances, such as data analytics and AI, enhance efficiency and accuracy. The research establishes the need for continuous development and professional education to tackle the evolving financial challenges. In summary, this article highlights the central roles of forensic accounting and auditing in modern business, their methodologies, and ethical considerations. The study underscores their importance in detecting financial fraud, promoting transparency, and fostering trust.</p>
</abstract>

This article explores the critical roles of forensic accounting and auditing in modern business, focusing on uncovering financial irregularities and promoting transparency. Through a meticulous literature review and analysis, the study emphasizes the significance of these practices. The purpose is to underscore their importance, methodologies, and implications. Methodologically, the article employs a comprehensive literature review and meticulous analysis of real-world applications. It investigates cases of corporate fraud, financial statement analysis, and dispute resolution. Ethical and legal considerations are highlighted, emphasizing the adherence to professional codes and standards. The study reveals that forensic practices are pivotal in detecting financial misconduct, upholding financial transparency, and ensuring accountability. Technological advances, such as data analytics and AI, enhance efficiency and accuracy. The research establishes the need for continuous development and professional education to tackle the evolving financial challenges. In summary, this article highlights the central roles of forensic accounting and auditing in modern business, their methodologies, and ethical considerations. The study underscores their importance in detecting financial fraud, promoting transparency, and fostering trust.

Uncovering Financial Fraud: The Vital Role of Forensic Accounting and Auditing in Modern Business Practice

University of Priština, Faculty of Economics in Kosovska Mitrovica

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This article explores the critical roles of forensic accounting and auditing in modern business, focusing on uncovering financial irregularities and promoting...

Uncovering Financial Fraud: The Vital Role of Forensic Accounting and Auditing in Modern Business Practice

Publicado en línea: 26 ene 2024

Páginas: 407 - 418

Recibido: 28 ago 2023

Aceptado: 30 sept 2023

DOI: https://doi.org/10.2478/ethemes-2023-0021

Palabras clave
Forensic accounting, auditing, financial fraud, transparency, corporate governance, ethical considerations, technology integration, legal compliance, financial investigations, data analytics

© 2023 Tadija Đukić et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Uncovering Financial Fraud: The Vital Role of Forensic Accounting and Auditing in Modern Business Practice

Publicado en línea: 26 ene 2024

Páginas: 407 - 418

Recibido: 28 ago 2023

Aceptado: 30 sept 2023

DOI: https://doi.org/10.2478/ethemes-2023-0021

Palabras claveForensic accounting, auditing, financial fraud, transparency, corporate governance, ethical considerations, technology integration, legal compliance, financial investigations, data analytics

© 2023 Tadija Đukić et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Palabras clave
Forensic accounting, auditing, financial fraud, transparency, corporate governance, ethical considerations, technology integration, legal compliance, financial investigations, data analytics