Integrating forensic accounting in education and practices to detect and prevent fraud and misstatement: case study of Jordanian public sector

Abstract

Purpose This study aims to examine the degree of consciousness of forensic accounting (FA) in Jordan. This study surveys practitioners and academicians about their views and thoughts toward the expected role of using FA techniques to detecting and preventing fraud practices and shedding more light on advantages and obstacles of using the FA techniques. Design/methodology/approach To collect the data, a questionnaire was constructed and distributed to the study population which consists of accounting academics, students and accounting practitioners. Findings The results of this study show evidence that both students and professionals have a lower level of awareness on the FA concept and its importance. The results also confirm there is a significant correlation between, fraud prevention and detection, advantages of the application of FA, the training courses toward the application of FA and the application of FA in the context of Jordan. It has also been confirmed that there is a number of significant factors hinders this implementation in Jordan. Research limitations/implications The findings of this study offer many policy implications for regulators and policymakers on the needed relevant information to address and implement FA in education and practice, thereby activating the FA concept in Jordan. Originality/value The primary motivation of this study is driven by the limited and inconclusive research on the FA as a monitoring tool, notably there is a high possibility of fraud and misstatement practices due to the agency conflict. This study is the first of its kind to discuss this topic in the context of Jordan. The need to integrating the accounting education within accounting profession regarding FA becomes an urgent need to develop the awareness level of practitioners when it comes to practice of FA.

Forensic Accounting and Fraud Detection: A Review of Techniques in the Digital Age

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The Role of Forensic Accountants in Fraud and Corruption Cases and Its Impact on Business Development: The Case of Saudi Arabia

“…They may also engage in criminal investigations on behalf of the police force and an understanding of legal issues related to business activities (Owojori & Asaolu, 2009;Alharasis et al, 2023)…”

“…The role of forensic accountants in detecting and investigating fraud and corruption cases has become increasingly crucial in recent years. Forensic accountants use their specialized knowledge of accounting, auditing, and investigation techniques to identify fraudulent activities, investigate them, and provide evidence for legal proceedings (Enofe, Utomwen and Danjuma, 2015;Alharasis et al, 2023).…”

Key audit matters and auditing quality in the era of COVID-19 pandemic: the case of Jordan

“…Research on KAM has primarily examined factors affecting the amount of reported cases (Pinto and Morais, 2019; Sierra-García et al , 2019; Alharasis et al , 2023d, 2023e) and the expanded auditor reporting legal implications of Kachelmeier et al (2020), Gimbar et al (2016) and Asbahr and Ruhnke (2019). The quality of financial reports and the audit procedure during the COVID-19 outbreak were studied as KAM determinants.…”