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Forensic Accounting, Electronic Accounting And Fraud Checkmating By Financial Professionals: A Critical Review

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This paper reviews the link that exists between the use of forensic accounting, and electronic accounting in checkmating fraud. Its objectives were: to provide conceptual definitions, origin and applications of forensic accounting, electronic accounting evolutions, importance and challenges associated with its evolution, the connection between electronic accounting, forensic accounting and internet fraud detection and minimization by finance professional. Extensive literature review methodology was adopted for the paper. The paper discovered that forensic accounting is an evolving concept that is so important in tackling of fraud given the multidimensional nature of frauds – including internet fraud in contemporary times. In addition, the evolution of E Accounting has simplified and made the work of forensic accounting easy in detecting fraud. However this is achieved only when there is its embrace and right environment created for it to work. Internet fraud has taken many dimensions- some appear to be legal why some are obvious including the Yahoo Yahoo (the Nigerian Prince). The cost is huge – both globally and local to Nigerian economy and to many Nigerian individuals. It recommended amongst others, that regarding forensic accounting development in Nigeria, government must provide the favorable environment to enable forensic accounting profession to thrive in the country by strengthening the legal, educational and political frame work in the country (Nigeria).

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  • Promise Akor, Ordu, & Unity Natarman, Abowei-Afagha,, 2021. "Forensic Accounting, Electronic Accounting And Fraud Checkmating By Financial Professionals: A Critical Review," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 6(1), pages 104-120, January-J.
    • Handle: RePEc:ris:jfaafi:0035
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    1. Ruth O. Urhoghide Ph.D & Prof. F. O. I. Izedonmi, 2015. "An Empirical Investigation of Audit Fee Determinants in Nigeria," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(8), pages 48-58, August.
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    3. DeAngelo, Linda Elizabeth, 1981. "Auditor size and audit quality," Journal of Accounting and Economics, Elsevier, vol. 3(3), pages 183-199, December.
    4. Ruth O. Urhoghide Ph.D & Prof. F. O. I. Izedonmi, 2015. "An Empirical Investigation of Audit Fee Determinants in Nigeria," International Journal of Business and Social Research, LAR Center Press, vol. 5(8), pages 48-58, August.
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