The skills which forgers use to conduct fraud are hard to reveal.

Key finding of the study

There is a significant impact in between the accounting skills, knowledge of procedures and knowledge of forensic accounting on fraud detection.

Authors

Walakumbura S.H.M.L., Sabaragamuwa University of Sri Lanka

Dharmarathna D.G., Sabaragamuwa University of Sri Lanka

Summary of the study

There is a tendency in the growth of financial frauds across the world and to uncover those frauds, main consideration has been drawn towards the forensic accounting concepts. The researcher has adopted the deductive approach for this study and the primary data has been collected from 165 accounting practitioners in Sri Lanka. Fraud detection has been considered as the dependent variable while accounting skills, legal background, knowledge of procedures, and forensic accounting knowledge have been considered the independent variables. For the analysis purpose, descriptive statistics, factor analysis and inferential statistics such as multiple linear regression have been adopted. The findings of the study revealed that there is a significant impact in between the accounting skills, knowledge of procedures and knowledge of forensic accounting on fraud detection while there is no any significant impact between the legal background and the fraud detection.

Published in

Journal of Accountancy and Finance, Wayamba University of Sri Lanka

Link to the article   

To read the full article, please click here