IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v17y2024i11p491-d1510970.html
   My bibliography  Save this article

Examining Documentation Tools for Audit and Forensic Accounting Investigations

Author

Listed:
  • Katherine Taken Smith

    (College of Business, Texas A&M University, Corpus Christi, TX 78412, USA)

  • Lawrence Murphy Smith

    (College of Business, Texas A&M University, Corpus Christi, TX 78412, USA)

Abstract

This study examines some of the documentation tools and techniques that forensic accountants, internal auditors, external auditors, and others can use to document accounting and financial reporting systems under investigation. While prior research has addressed these items piecemeal, this study is the first to incorporate them, along with current related research and theoretical foundation, and relate them in aggregate to the work of forensic accountants, internal auditors, external auditors, and others. Inputs, processes, and outputs of modern accounting and financial reporting systems are often difficult to fully grasp, with weaknesses obscured by the complexities of the system. These weaknesses make a system vulnerable to fraudsters, embezzlers, hackers, and others who will take advantage of system weaknesses to perpetrate financial fraud, embezzlement, or other financial crimes. Documentation tools and techniques examined in this study will be useful to forensic accountants, internal auditors, external auditors, and others for identifying the components, processes, and potential weaknesses of accounting and financial reporting systems.

Suggested Citation

  • Katherine Taken Smith & Lawrence Murphy Smith, 2024. "Examining Documentation Tools for Audit and Forensic Accounting Investigations," JRFM, MDPI, vol. 17(11), pages 1-14, October.
    • Handle: RePEc:gam:jjrfmx:v:17:y:2024:i:11:p:491-:d:1510970
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/17/11/491/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/17/11/491/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Oluwatoyin Esther Akinbowale & Heinz Eckart Klingelhöfer & Mulatu Fikadu Zerihun, 2020. "An innovative approach in combating economic crime using forensic accounting techniques," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 27(4), pages 1253-1271, July.
    2. Musbaudeen Titilope Oladejo & Lisa Jack, 2020. "Fraud prevention and detection in a blockchain technology environment: challenges posed to forensic accountants," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 9(4), pages 315-335.
    3. Hun†Tong Tan & Jackson Yip†Ow, 2001. "Are Reviewers' Judgements Influenced by Memo Structure and Conclusions Documented in Audit Workpapers?," Contemporary Accounting Research, John Wiley & Sons, vol. 18(4), pages 663-678, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anghel Gabriela & Poenaru Cristina-Elena, 2023. "Forensic Accounting, a Tool for Detecting and Preventing the Economic Fraud," Valahian Journal of Economic Studies, Sciendo, vol. 14(2), pages 87-100, December.
    2. Gabrielli, Gianluca & Magri, Carlotta & Medioli, Alice & Marchini, Pier Luigi, 2024. "The power of big data affordances to reshape anti-fraud strategies," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    3. Rajni Mala & Parmod Chand, 2015. "Judgment and Decision‐Making Research in Auditing and Accounting: Future Research Implications of Person, Task, and Environment Perspective," Accounting Perspectives, John Wiley & Sons, vol. 14(1), pages 1-50, March.
    4. Sweeney, John T. & Suh, Ik Seon & Dalton, Kenneth C. & Meljem, Sylvia, 2017. "Are workpaper reviews preparer-specific?," The British Accounting Review, Elsevier, vol. 49(6), pages 560-577.
    5. Ozili, Peterson K, 2023. "Forensic accounting research around the world," MPRA Paper 118789, University Library of Munich, Germany.
    6. Trotman, Ken T. & Bauer, Tim D. & Humphreys, Kerry A., 2015. "Group judgment and decision making in auditing: Past and future research," Accounting, Organizations and Society, Elsevier, vol. 47(C), pages 56-72.
    7. Aghazadeh, Sanaz & Hoang, Kris, 2020. "How does audit firm emphasis on client relationship quality influence auditors’ inferences about and responses to potential persuasion in client communications?," Accounting, Organizations and Society, Elsevier, vol. 87(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:17:y:2024:i:11:p:491-:d:1510970. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.