会计与金融研究学院期刊

1528-2635

抽象的

Forensic Accounting: A Tool for Detecting and Preventing Fraud and its Present Position in Kingdom of Saudi Arabia

Nadeem Fatima

 Global economic crime and fraud have in the recent past increased in size and scale. Cumulatively, the total value of financial fraud amounts to nearly 5% of a typical county’s revenue, totalling in the trillions. This proliferation of white-collar crime has brought us the urge for forensic accounting. Although this may be thought of as of more recent origin in its present form, it has been with us for quite a long time and probably centuries before Christ. Go back to the times before Christ; forensic accounting has involved the application of various skills such as quantitative methods, accounting, investigation, auditing, and law. Besides having such skills as a professional accountant, he/ she should also use evidence-based techniques which abide by the law. With all this in mind, Forensic accounting is on the race to becoming among the top 20 prestigious courses soon. This paper, therefore, discusses the benefits of forensic accounting as a career and its current state in the kingdom of Saudi Arabia.

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