Quest Journals Journal of Research in Business and Management Volume 10 ~ Issue 10 (2022) pp: 157-160 ISSN(Online):2347-3002 www.questjournals.org, 2022
Shortcomings in audit and financial accounting have resulted in the establishment of forensic acc... more Shortcomings in audit and financial accounting have resulted in the establishment of forensic accounting to detect and prevent financial crimes and other fraudulent acts. Forensic accounting has gone beyond the audit concept to solve fraud and other financial issues that occurred because of a lack of other principles not followed in any institution. Financial crimes involve several offenses without violence, with some people obtaining financial benefit and causing financial loss to others. The globalization of financial systems, the growing volume of trading transactions, and the acceleration of information technologies have brought many conveniences to the financial world, but unfortunately, financial crime has spread and diversified (Yüksel Ünvan, 2020). This article demonstrates the use of forensic accounting and its application to mitigate the risk of financial loss.
Quest Journals Journal of Research in Business and Management Volume 10 ~ Issue 10 (2022) pp: 157-160 ISSN(Online):2347-3002 www.questjournals.org, 2022
Shortcomings in audit and financial accounting have resulted in the establishment of forensic acc... more Shortcomings in audit and financial accounting have resulted in the establishment of forensic accounting to detect and prevent financial crimes and other fraudulent acts. Forensic accounting has gone beyond the audit concept to solve fraud and other financial issues that occurred because of a lack of other principles not followed in any institution. Financial crimes involve several offenses without violence, with some people obtaining financial benefit and causing financial loss to others. The globalization of financial systems, the growing volume of trading transactions, and the acceleration of information technologies have brought many conveniences to the financial world, but unfortunately, financial crime has spread and diversified (Yüksel Ünvan, 2020). This article demonstrates the use of forensic accounting and its application to mitigate the risk of financial loss.
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