International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 11 (1), pp. 001-008, January, 2021. © International Scholars Journals

Full Length Research Paper

The Impact of Forensic Accounting on Financial Performance of Investment Firms

Ms. Amal Abdu Hadi Debajie

Faculty of Accounting at Jazan University College of Business Administration-department of Accounting

E-mail: [email protected]

Accepted 25 March, 2019

Abstract

This paper discusses the impact of task performance, fraud risk assessment and forensic accountants and auditors’ skills and mindsets in the profitability sectors and investment sectors. It also draws the attention of the users of public sector accountants and auditors such as the Economic and Financial Crimes Commission, the Independent Corrupt Practices Commission, Special Control Unit of Money Laundering. The objective of the study is to enhance the fraud risk assessment task performance in the Office of  Auditor General and Accountant General  through the effective use of skills and mindsets (forensic accountant and auditor), which will usher in the best corporate governance practices in the world in both public and private sectors. Thus, the study suggests performance measurement can be improved considering the impact of forensic accountant skills and mindsets on fraud risk assessment in the public and private sectors. Forensic accounting promotes financial performance by providing confidence in the financial markets. The proposed research is to investigate the various accounting scandals and eye-catching frauds, with the objective of exploring the role of auditing and forensic accounting. The study was inspired by the fact that accounting scandals and frauds still occur in the 21st century when auditing is massively performed to ensure transparency, reliability, and compliance with the generally accepted accounting principles. Attracting investors is the goal of global companies while providing the credibility, integrity of the financial statements and strength of the financial position and the reputation of the company.

Keywords: Forensic Accounting, Financial Performance, Investment Firms, Auditors’ Skills, Task Performance