Research ArticleOpen AccessGoogle Scholar indexed
Forensic Accounting: The Case of Saudi Arabia
Accounting Department, College of Business, King Khalid University, Abha, KSA
- 1 Accounting Department, College of Business, King Khalid University, Abha, KSA
Open Journal of Accounting·Volume 13 (2024)·Pages 116–124·Published 3 June 2024·DOI10.4236/ojacct.2024.133008
Copy link · social · email
Abstract
In this work, forensic accounting and fraud management strategies in Saudi Arabia are examined based on the information obtained by administering 120 questionnaires to the industry professionals representing an electricity company, a cement company, and a telecommunications company, as well as the academics from the accounting and the law department of King Khalid University. The obtained results indicate a significant difference in the duties performed by external financial auditors and forensic accountants. However, in both cases, effective tools are needed for uncovering fraudulent practices, including asset misappropriation and insider transactions.
KeywordsForensic AccountingExternal AuditorEconomic CrimeFraud ManagementFinancial MisconductSaudi Arabia
- HR -Guide (1999). https://hr-guide.com/Testing_and_Assessment/Reliability_and_Validity.htm
- Alhassan, A., & Saad, M. (2016). Forensic Accounting: Accounting and Reduction of Financial and Administrative Corruption in the Kingdom of Saudi Arabia. Journal of Accounting, Auditing and Governance , 1 , 41-76.
- Al-Khasawneh, R. (2022). Challenges Facing External Auditor While Auditing Banking Accounting Systems in the Light of the Use of Digital Technologies of Fourth Industrial Revolution in Jordan. American Journal of Industrial and Business Management, 12, 672-698. https://doi.org/10.4236/ajibm.2022.124035
- Al-Saad, S. A. (2013). Forensic Accounting in the Kingdom of Saudi Arabia: Current practice and Future Perspective—An Empirical Study (Exploratory). Journal of King Abdul Aziz University Economics and Administration , 27 , 3-94. https://doi.org/10.4197/Eco.27-1.1
- Anderson, J. C., & Gerbing, D. W. (1984). The Effect of Sampling Error on Convergence, Improper Solutions, and Goodness-of-Fit Indices for Maximum Likelihood Confirmatory Factor Analysis. Psychometrika, 49, 155-173. https://doi.org/10.1007/BF02294170
- Chin, W. W. (1998). The Partial Least Squares Approach to Structural Equation Modeling. Modern Methods for Business Research, 295, 295-336.
- Ehioghiren, E. E. (2016). Forensic Accounting and Fraud Management: Evidence from Nigeria. Gbinedion University Journal of Accounting , 2 , 245-287.
- Hossain, M., Kibria, H., & Johora, F. (2024). Ethical Challenges in Forensic Accounting: Balancing Professional Responsibility and Legal Obligations. Open Journal of A c counting, 13, 57-73. https://doi.org/10.4236/ojacct.2024.133005
- Izedomin, F. I., & Mgbame, C. O. (2011). Curbing financial frauds in Nigeria, a Case for Forensic Accounting. African Journal of Humanities and Society , 1 , 52-56.
- Kasum, A. S. (2009). The Relevance of Forensic Accounting to Financial Crimes in Private and Public Sectors of Third World Economies: A Study from Nigeria. In Procee d ings of the 1st International Conference on Governance Fraud Ethics and Social R e sponsi bility . http://ssrn.com/abstract=1384242
- Lamaj, M. (2023) Economic Crime: Tax Evasion in a Developing Country. Open Journal of Business and Management, 11, 873-899. https://doi.org/10.4236/ojbm.2023.113047
- Modugu, K. P., & Anyaduba, J. O. (2013). Forensic Accounting and Financial Fraud in Nigeria: An Empirical Approach. International Journal of Business and Social Science , 4 , 281-289.