The Role of Forensic Accounting in Fraud Investigation and Litigation Support

The Nigerian Academic Forum, Vol. 17, No. 1, November 2009

9 Pages Posted: 24 Mar 2011  

Emma Ik Okoye

Nnamdi Azikiwe University - Department of Accountancy

Date Written: November 2009

Abstract

Forensic accounting is the specialty practice area of accounting that describes engagements that result from actual or anticipated dispute or litigation. It provides an accounting analysis that is sustainable to the court which will form the basis for discussion, debate and ultimately dispute resolution. While certainly ideal for court testimony, in broad terms, 'forensic', is about fact finding and interpretation. The increase in number of fraud and fraudulent activities in Nigeria and around the world has emphasized the need for forensic accounting. Engagements of forensic accountants on criminal matters typically arise as the aftermath of fraud. Fraud examination in forensic accounting is different from that of 'traditional accounting' because the forensic accountant has the intuitive ability to analyze fraud. The aim or this paper is to identify the role of forensic accounting in fraud investigations and litigation support and proffer suggestions that will, hopefully, bring to public awareness the importance of this area of accounting.

Keywords: forensic accounting, fraud investigation, litigation support

Suggested Citation

Okoye, Emma Ik, The Role of Forensic Accounting in Fraud Investigation and Litigation Support (November 2009). The Nigerian Academic Forum, Vol. 17, No. 1, November 2009. Available at SSRN: https://ssrn.com/abstract=1788822

Emma Ik Okoye (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

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