Analyzing the Impact of Forensic Accounting in the Detection of Financial Fraud: The Mediating Role of Artificial Intelligence
- Conference paper
- First Online: 01 September 2021
- Cite this conference paper
- Kamakshi Mehta 20 ,
- Prabhat Mittal 21 ,
- Pankaj Kumar Gupta 22 &
- J. K. Tandon 20
Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1388))
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In the recent times, the financial sector has witnessed number of financial scams in the markets raising concerns for the professionals and the auditors accountable for ensuring transparency and accuracy in the day-to-day auditing activities. Globally, the use of artificial intelligence has prominently increased the ability of a machine combined with human intelligence and has added to the ability of traditional methods to deal with financial information manipulation. The study aims to identify the mediating role of artificial intelligence tools in the forensic accounting and the detection of financial frauds. The study has developed a research model using structural equation modeling to examine the influence of forensic accounting in the detection of financial frauds. The results can help professionals understanding the benefits of AI technology in the forensic accounting domain that can facilitate combating fraud.
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Jaipur National University, Jaipur, Rajasthan, India
Kamakshi Mehta & J. K. Tandon
Satyawati College (Evening), University of Delhi, Delhi, India
Prabhat Mittal
Jamia Milia Islamia University, New Delhi, India
Pankaj Kumar Gupta
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Maharaja Agrasen Institute of Technology, Delhi, India
Ashish Khanna
Department of Computer Science Engineering, Maharaja Agrasen Institute of Technology, Rohini, Delhi, India
Deepak Gupta
Rajnagar Mahavidyalaya, Birbhum, India
Siddhartha Bhattacharyya
Faculty of Computers and Information, Cairo University, Giza, Egypt
Aboul Ella Hassanien
Department of Computer Science, Shaheed Sukhdev College of Business Studies, Rohini, India
Sameer Anand
Department of Computer Science, Shaheed Sukhdev College of Business Studies, Rohini, Delhi, India
Ajay Jaiswal
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Mehta, K., Mittal, P., Gupta, P.K., Tandon, J.K. (2022). Analyzing the Impact of Forensic Accounting in the Detection of Financial Fraud: The Mediating Role of Artificial Intelligence. In: Khanna, A., Gupta, D., Bhattacharyya, S., Hassanien, A.E., Anand, S., Jaiswal, A. (eds) International Conference on Innovative Computing and Communications. Advances in Intelligent Systems and Computing, vol 1388. Springer, Singapore. https://doi.org/10.1007/978-981-16-2597-8_50
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DOI : https://doi.org/10.1007/978-981-16-2597-8_50
Published : 01 September 2021
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Accounting Research Journal
ISSN : 1030-9616
Article publication date: 6 July 2015
The purposes of this paper are to highlight those topics of forensic accounting that have received little or no attention in the forensic accounting research that has been published in forensic accounting research journals; discover what research methods have been most commonly used; and identify research methods that have been infrequently used.
Design/methodology/approach
This is a descriptive research study that explores the topics and methods used in forensic accounting research published in forensic accounting journals.
Fraud and quantitative methods make up the largest percentage of topics and research methods published in forensic accounting journals.
Research limitations/implications
Limited to forensic accounting journals. Results suggest forensic accounting researchers are using mimetic topics and methods of accounting research. The absence of diversity in forensic accounting research topics and methods has the potential to compromise the overall contribution of forensic accounting research.
Practical implications
This paper identifies gaps in topics and research methods in forensic accounting research to encourage research in diverse topics using diverse methods that will be valuable to forensic accountants.
Originality/value
This original research is the first to survey and classify research published in forensic accounting journals according to topic and method.
- Forensic accounting
- Research topics
- Research methods
DiGabriele, J.A. and Huber, W.D. (2015), "Topics and methods in forensic accounting research", Accounting Research Journal , Vol. 28 No. 1, pp. 98-114. https://doi.org/10.1108/ARJ-08-2014-0071
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Journal of Forensic Accounting Research promotes excellence in the research, teaching, and practice of forensic accounting, with a balance among basic research, practice, and education. In addition, forensic accounting research is to be broadly conceived, and not limited to fraud research. ... Phase 2: Author submits the completed paper through ...
Purpose: The purpose of this paper is to examine the significance of forensic accounting in fraud detection and investigating the fraudulent practices in the Indian Banking sector Design ...
Explore the latest full-text research PDFs, articles, conference papers, preprints and more on FORENSIC ACCOUNTING. Find methods information, sources, references or conduct a literature review on ...
The main purpose of this study is to determine whether forensic accounting is an effective tool for preventing fraud. To conduct a comprehensive analysis, the research examines three aspects: the skills and attributes of a forensic accountant, the techniques used in forensic accounting, and the challenges and opportunities in the development of the forensic accounting profession.
This paper finds that to detect fraud at an early stage, one must increase consumer understanding of basic forensic accounting techniques by implementing accurate supply chain monitoring systems and inventory management controls and conducting adequate and effective regulatory, honest and legitimate customs inspections.,The major factors that ...
However, there is a need to expand the use of various theories in forensic accounting research (Huber and DiGabriele, 2015). In the methodological contribution to forensic accounting research, Huber and DiGabriele (2015) indicate that quantitative methods make up the largest percentage of research methods published in forensic accounting ...
Further, I present some rich set of questions and identify a number of important directions for future research in forensic accounting. This paper is intended to stimulate debates and future research of the issues identified.
Purpose This paper aims to review the relevant forensic accounting research (FAR) around the world and suggests avenues for future research in forensic accounting. Design/methodology/approach The ...
This paper aims to review the relevant forensic accounting research (FAR) around the world and suggests avenues for future research in forensic accounting.,The study used the thematic and systematic literature review methodology to analyse the existing literature in FAR.,The major thematic areas in the literature are fraud motivation, fraud ...
Forensic accounting has an explanation that shows the reasons for selecting certain types of arguments to detect fraud and fraud in financial and non-financial reports [].These reasons and methods depend on the accounting and non-accounting decisions, which the auditor considers [16,17,18,19, 27,28,29,30].This interpretation is the most useful in discussions and debates.
Forensic Accounting provides an accounting analysis that is suitable to the court which will form the basis for discussion, debate and ultimately dispute resolution. It encompasses both Litigation Support and Investigative Accounting. Litigation Support provides assistance of an accounting nature in a matter involving existing or pending ...
We emphasize areas where there is a need for future research opportunities that will contribute to the literature in taxation and forensic accounting. We identify research opportunities in taxation and forensic accounting in critical areas, such as (1) tax issues in business valuation; (2) indirect methods of reconstructing taxable income ...
Abstract. This article presents a forensic accounting theory. Forensic accounting theory is an explanation of why and how the choice of methods and techniques used to detect creative accounting or fraudulent manipulations in financial reporting, and the outcome of using such methods or techniques, depends on the accounting and non-accounting decisions taken into consideration by the forensic ...
The integration of techniques of investigative audit in the day-to-day accounting activities has emerged as a Novato expertise "Forensic Accounting and Audit" focusing on detection and prevention of financial frauds [12, 20].Forensic auditing is the act involving the investigation and reporting of historical financial data for providing evidence in the court of law in cases of legal ...
Forensic is a technique used for detection of a crime and forensic accounting. is a method f or detecting and investigating fraud. It is the integrat ion of investigative. skills with accounting a ...
This research studies the impact of forensic audit on corporate fraud in Nigeria. The main aim of this particular research paper is to identify and examine the relationship between forensic audit and corporate fraud in general. Both primary and secondary data is collected and is used in this ... forensic accounting skills in the investigation ...
Abstract. The purpose of this paper is to build on and expand Stone and Miller's (2013) (henceforth, Stone and Miller) propositions concerning "what matters" in forensic accounting research. Forensic accounting research that matters is a function of the purpose (s) of forensic accounting research. Stone and Miller's work serves as a prelude for ...
- The purposes of this paper are to highlight those topics of forensic accounting that have received little or no attention in the forensic accounting research that has been published in forensic accounting research journals; discover what research methods have been most commonly used; and identify research methods that have been infrequently ...
accounting, auditing and investigati ve skills creates the specialty, known as FA. 'Forensic' means "suitable for use in a court of law," and it is to that standard and potential outcome that forensic accountants generally have to work. FA uses accounting, auditing, and investigative skills t o conduct
The purpose of this paper is to build on and expand Stone and Miller's (2013) (henceforth, Stone and Miller) propositions concerning what matters in forensic accounting research. Forensic ...
'The purpose of this paper is to educate readers on what forensic accounting implies. The research aims at the duties and responsibilities of a forensic accounting investigator in identifying fraud. The rise in scams and white collar crimes in India has brought forensic accounting to the fore.
Overall, this paper aims to provide insights into the crucial role of forensic accounting in maintaining the integrity of the financial system in India. Discover the world's research 25+ million ...
The research method used is descriptive qualitative method by taking data from literacy studies on research on fraud in various entities in Indonesia. The results of the study show the application of information systems in the practice of forensic investigations on prevention, detection and effective handling in disclosing fraud in various ...