Enhancing Audit Effectiveness through Forensic Accounting: A Case Study Approach
Author (s)
Md. Hafizul Islam, Rakibul Islam, & Shamima Islam
Abstract
The research has attempted to present the major contribution that forensic accounting can make in enhancing the effectiveness of audits in general but in particular in exposing financial fraud and ensuring increased levels of corporate accountability. A series of case examples will be used to show how forensic accounting techniques are integrated with more traditional audit practices to enhance one’s ability to recognize and prevent fraud. In the results, forensic accounting is therefore further fortifying the auditing framework and is more likely to ensure that complex financial transactions help produce more precise and reliable financial reports, with clear transparency to prevent fraudulent activities. This approach stresses upon specialist areas focusing on the skills and techniques which possibly may help investigate financial anomalies that detection might not be evident in general audits. It concludes with recommendations as to how forensic accounting methodologies can be integrated into auditing procedures by focusing on continuous professional development and tapping the dynamic nature of financial crimes.
Keywords: Forensic accounting, Audit effectiveness, Financial fraud, Corporate transparency, Case studies.
| Title: | Enhancing Audit Effectiveness through Forensic Accounting: A Case Study Approach |
|---|---|
| Author: | Md. Hafizul Islam, Rakibul Islam, & Shamima Islam |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.58970/IJSB.2451 |
| Media: | Online |
| Volume: | 40 |
| Issue: | 1 |
| Issue publication (Year): | 2024 |
| Acceptance Date: | 13/09/2024 |
| Date of Publication: | 14/09/2024 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2451.pdf |
| Free download: | Available |
| Page: | 180-198 |
| First Page: | 180 |
| Last Page: | 198 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Islam, M. H., Islam, R., & Islam, S. (2024). Enhancing Audit Effectiveness through Forensic Accounting: A Case Study Approach, International Journal of Science and Business, 40(1), 180-198. DOI: https://doi.org/10.58970/IJSB.2451
Retrieved from https://ijsab.com/wp-content/uploads/2451.pdf
About Author (s)
Md. Hafizul Islam (Corresponding author), Lecturer, Department of Accounting & Information Systems, Bangladesh Army University of Science and Technology, Saidpur 5311, Bangladesh. ORCID: https://orcid.org/0009-0001-8034-6348
Rakibul Islam, Assistant Professor, Department of Accounting & Information Systems, Bangladesh Army University of Science and Technology, Saidpur 5311, Bangladesh.
Shamima Islam, Assistant Professor, Department of Business Administration, Bangladesh Army University of Science and Technology, Saidpur 5311, Bangladesh.
DOI: https://doi.org/10.58970/IJSB.2451