THE USEFULNESS OF FORENSIC AUDIT IN THE DETECTION AND PREVENTION OF FRAUD

ABSTRACT
The incidence of fraud and misappropriation of funds in recent time poses a threat to auditing as a branch of accounting profession because of its perennial nature. This has resulted to questions as to whether auditing actually play any significant role towards the attainment of accountability and prevention of fraud especially that which is currently happening in our major or key financial institutions.
Most of our financial institutions today fail to recognize that the phenomenon “fraud” can appear to be more dangerous when compared to other forms of problem like armed robbery attack which can only affect the institution within a short period of time, such may have no long term effect on their operations. However, any significant fraud committed in an institution, not only undermines or shakes up it’s financial stability but can severely affect the reputation of the institution thereby resulting to investor’s loss of confidence.

Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Raji, A. (2018). THE USEFULNESS OF FORENSIC AUDIT IN THE DETECTION AND PREVENTION OF FRAUD. Afribary. Retrieved from https://afribary.com/works/the-usefulness-of-forensic-audit-in-the-detection-and-prevention-of-fraud-373

MLA 8th

Raji, Alex "THE USEFULNESS OF FORENSIC AUDIT IN THE DETECTION AND PREVENTION OF FRAUD" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-usefulness-of-forensic-audit-in-the-detection-and-prevention-of-fraud-373. Accessed 14 Apr. 2024.

MLA7

Raji, Alex . "THE USEFULNESS OF FORENSIC AUDIT IN THE DETECTION AND PREVENTION OF FRAUD". Afribary, Afribary, 29 Jan. 2018. Web. 14 Apr. 2024. < https://afribary.com/works/the-usefulness-of-forensic-audit-in-the-detection-and-prevention-of-fraud-373 >.

Chicago

Raji, Alex . "THE USEFULNESS OF FORENSIC AUDIT IN THE DETECTION AND PREVENTION OF FRAUD" Afribary (2018). Accessed April 14, 2024. https://afribary.com/works/the-usefulness-of-forensic-audit-in-the-detection-and-prevention-of-fraud-373

Document Details
Field: Accounting Type: Project 67 PAGES (81406 WORDS) (pdf)