Best Practices in Conducting Financial Investigations in a Cashed-Based Economy & Tax Implications

22 Pages Posted: 12 Jun 2014

See all articles by Prof. Godwin Emmanuel Oyedokun

Prof. Godwin Emmanuel Oyedokun

Lead City University Ibadan Nigeria ; OGE Professional Services Ltd; Nasarawa State University, Keffi

Date Written: June 10, 2014

Abstract

This paper seeks to address the challenges of tracking money sources in a Cashed-Based Economy by considering the best practices in conducting financial investigations in this area and Money Laundering, using forensic accounting techniques. Answers were provided to the following fundamental questions; what to when accurate data are missing, incomplete or unreliable; how to ensure that employees’ personal safety is not at risk; how to check the accuracy of information using the concept of fraud, fraud triangle and the triangle of fraud action within the concept of forensic accounting techniques. This paper also revealed the behavior that the forensic accountants and investigators must displayed in court when defending his/her report.

Keywords: Data, Fraud Triangle, Forensic Accounting, Money Laundering, Cash-Based Economy

JEL Classification: M41, M47, M49

Suggested Citation

Oyedokun, Godwin Emmanuel, Best Practices in Conducting Financial Investigations in a Cashed-Based Economy & Tax Implications (June 10, 2014). Available at SSRN: https://ssrn.com/abstract=2448427 or http://dx.doi.org/10.2139/ssrn.2448427

Godwin Emmanuel Oyedokun (Contact Author)

Lead City University Ibadan Nigeria ( email )

Ibadan
Nigeria
+2348033737184 (Phone)

HOME PAGE: http://www.oyedokungodwin.com

OGE Professional Services Ltd ( email )

2nd Floor, Back Wing, 28, Adeyemi Street, Off LUT
Mushin, Lagos
Nigeria

Nasarawa State University, Keffi ( email )

Department of Accounting
Faculty of Administration
Keffi, Nasarawa 234
Nigeria
+23480833737184 (Phone)

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