An Assessment of the Role of Forensic Accountants in Litigation Support Services (An Explanatory Approach)
24 Pages Posted: 18 Mar 2014
Date Written: December 8, 2013
In this paper, An Assessment of the Role of Forensic Accountants in Litigation Support Services, the evolution of forensic accounting was explained while the need for forensic accounting in an organisation vis a vis the possible litigation services was assessed. Content analysis method was used in getting some information and eliciting responses from professionals in related filed. The limitation of the study was in the area of the population of study as it was based on a professional line of endeavour.
It was revealed that the professional accountancy training alone is not sufficient to tackle the control deficiency and risk of fraudulent activities in an organisation and to be a good expert witness. It was recommended that there is a need for advance training in the area of forensic accounting for any professional performing internal audit/control functions and for sound litigation support.
Keywords: Forensic Accounting, Fraud Examination, Internal Audit, Internal Control, Investigation, Litigation Support
JEL Classification: M41
Suggested Citation: Suggested Citation