THE IMPACT OF FORENSIC ACCOUNTING ON FRAUD DETECTION IN THE UAE BANKING SECTOR: A STUDY ON ISLAMIC AND CONVENTIONAL BANKS

Mohammad Hassan Ali Abdulrahman, Mohd Shukri Ab Yajid, Ali Khatibi, S. M. Ferdous Azam

Abstract


The key focus on forensic accounting is to uncover the financial fraud. Over the past decade, the financial fraud has been increasing robustly across the global platform including UAE banking sector. Therefore, the increasing activities of financial fraud require the high engagement of forensic accounting in order to carry out the successful investigation as well as the presentation of the individuals associated with the criminal activities. It is expected that the forensic accounting facilitates reducing or preventing susceptibility of conventional accounting and audit systems contributing to the financial fraud. The primary intention of the study is determining the impact of forensic accounting practices in detecting and preventing the suspected frauds from the banking sector operation in the UAE. The key findings of this research study show that there is a significant impact of forensic accounting on the detection of fraud within Banking Industry in UAE.

 

JEL: E50; H83; M10

 

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financial fraud, forensic accounting, audit system, fraud detection, banking sector

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DOI: http://dx.doi.org/10.46827/ejefr.v0i0.757

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