Culture-Specific Forensic Accounting Conceptual Framework: A Skills Set Theoretical Analysis

Shanikat, Mohammed; Khan, Ashfaq Ahmad

doi:10.5539/ijbm.v8n15p112

Cited by 8 publications

(9 citation statements)

References 25 publications

(34 reference statements)

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“…The concept of forensic accounting field is new, resulting in a scarcity of studies. Nevertheless, as argued by Harris (2012) and Shanikat and Khan (2013), there is a continuous demand in all sectors for accountants who work in the framework of forensic accounting. In the same vein, the survey done by McMullen and Sanchez (2010) found that the forensic accountants' demand might be increased in the upcoming future, especially in fraudulent financial reporting area.…”

Section: Introductionmentioning

confidence: 99%

The Role of Forensic Accounting in Reducing Financial Corruption: A Study in Iraq

Alabdullah¹,

Alfadhl²,

Yahya³

et al. 2013

IJBM

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Since forensic accounting arose in America, it has become a very important issue by the researchers and scholars in several countries in the whole world. Financial corruption is the most dangerous factor on the present and future of Iraq. Perhaps it's no less dangerous than the terrorist operations accompanied the Iraqi political change started in 2003. Thus, such corruption slows down the economic development process and prevents the welfare and the prosperity of the community, which may lead to lose confidence in both the political class and state institutions.While this corruption requires sophisticated ways to fathom, there is a modern method, among others, that could be used for this purpose which is the forensic accounting. This study therefore attempts to determine the impact of using forensic accounting on financial corruption. It contributes to the limited existing literature on the forensic accounting where no previous study has been down in Iraq dealing with such a serious issue. Specifically there is a failure of accounting and control methods that lies in the methodology taught in Iraqi universities to discover financial corruption cases. This study adopted a correlation research design. Data was collected by using interviews and questionnaires. The main findings of the study revealed that there is a significant relationship between the forensic accounting methods and effectiveness of the control and auditing bodies to detect financial corruption cases.On the other hand, the majority of the audit and accounting personnel in Iraq are suffering from poor perception and information of the forensic accounting methods. Therefore, a suggestion was made by the current study that forensic accounting methods should add to the curricula of accounting departments in Iraqi universities at both levels of preliminary and higher studies through theoretical and practical classes.

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Section: Introductionmentioning

confidence: 99%

The Role of Forensic Accounting in Reducing Financial Corruption: A Study in Iraq

Alabdullah¹,

Alfadhl²,

Yahya³

et al. 2013

IJBM

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show abstract

“…The growing need for forensic accounting experts has necessitated the adoption of a formal approach to forensic accounting education (Seda and Kramer, 2014; Matson, 2016). The curriculum for forensic accounting education must be comprehensive (West Virginia University, 2007; Shanikat and Khan, 2013; Lang et al , 2014; Clements and Knudstrup, 2016).…”

Section: Discussionmentioning

confidence: 99%

“…The fraudsters influence and manipulate the employees by applying the human skills. A forensic accountant should have good command over the subjects like criminology and psychology (Shanikat and Khan, 2013). Knowledge of sociology is essential for detecting the clues leading to commitment of fraud, i.e.…”

Section: Discussionmentioning

confidence: 99%

Forensic accounting: a blend of knowledge

Tiwari

Debnath

2017

JFRC

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Purpose The purpose of this paper is to develop an insight into the skill sets that forensic accounting practitioners need to possess to succeed in the practice of forensic accounting. Design/methodology/approach The present paper is based on a literature review. Findings Forensic accounting education is multi-disciplinary. It encompasses auditing, accounting, statistics, information technology (IT), legal rules and human skills. It is similar to auditing, yet different. Hands-on statistical tools act like an additional equipment for quick delivery of the output when data are large. Proficiency in using IT tools is a must to detect cybercrimes. Human skills are gaining importance because of social engineering attacks. Forensic accountants must be acquainted and updated with the relevant laws. Various investigative skills and knowledge are also essential in forensic accounting. Practical implications Forensic accounting education can be developed as a separate discipline for proper regulation of forensic accounting profession. In that case, the need for development of separate forensic accounting standards may arise. This issue needs to be dwelt upon by the academia and professional bodies. Originality/value The paper will enable the universities/institutes to design the appropriate curricula, assigning due consideration to the required knowledge and skill sets in forensic accounting education.

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“…In the aftermath of the recent global financial scandals, there has been a negative perception of auditors' independence, and of the effectiveness of traditional audit procedures to protect users from fraudulent financial reporting (Hao, 2010;Huber, 2012). Shanikat and Khan (2013) emphasise the growing need for professional accountants to understand the area of financial statement fraud, while Siegel and Shim (2010) identify the need for accountants who have deeper understanding of fraud as forensic accountants.…”

Section: Context Of Researchmentioning

confidence: 99%

“…Despite the growing need for accountants with forensic accounting skills, limited background information exists with respect to forensic accounting education in the context of developing countries and in particular relating to Jordan (Elitas et al, 2011;Shanikat and Khan, 2013;Alabdullah et al, 2014). The way in which accounting practices are taught in developing countries, and the solutions to their unique problems, requires a different approach when compared to Western countries.…”

Section: Context Of Researchmentioning

confidence: 99%

Challenges and lessons from conducting audit research using social media

Saadeh

Allen

2020

IJEA

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Social media play an increasingly important role as both a means of communication and a source of information. Furthermore, social media provide a variety of time and cost-efficient, as well as participant-friendly, communication and networking channels, which expand the research repertoire in terms of recruitment and conducting interviews. The purpose of this paper is to broaden researchers' understanding of the potential of using social media to facilitate qualitative research, and to guide them in the selection and use of social media channels considering the contextual differences. This paper adopts a qualitative methodology aimed at reflecting on the researcher's experience of recruiting participants and conducting interviews using social media. The paper is the first of its kind to explore the potential of incorporating social media as a tool in qualitative research while considering contextual and cultural factors.

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Culture-Specific Forensic Accounting Conceptual Framework: A Skills Set Theoretical Analysis

Cited by 8 publications

References 25 publications

The Role of Forensic Accounting in Reducing Financial Corruption: A Study in Iraq

The Role of Forensic Accounting in Reducing Financial Corruption: A Study in Iraq

Forensic accounting: a blend of knowledge

Challenges and lessons from conducting audit research using social media

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