Fraud leads to economic decline and financial loss across various global sectors. Forensic accounting, which involves examining financial data for signs of criminal behaviour, is a critical tool in detecting and preventing fraud. Forensic accountants use their expertise in accounting, auditing, and investigation to identify financial misconduct such as theft and fraud. However, technological advancements and increasing complexity in financial systems have exacerbated the prevalence of fraud. Efficient and secure financial institutions are essential for economic growth, transaction facilitation, and customer satisfaction. Despite the widespread use of forensic accounting, fraud remains pervasive in many countries. This proposed research aims to explore the rates and causes of fraud, the level of financial security, and the impact of forensic accounting in both developing and developed nations.

Authors: Ugochukwu Onyemachi, Christian Asante, Funminiyi Olajide

Published in: International Conference on Information Society (i-Society-2024)

• Date of Conference: 26-28 August, 2024
• DOI: 10.20533/iSociety.2024.0021
• ISBN: 978-1-913572-72-3
• Conference Location: Churchill College, Cambridge, UK