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Literature Review Reviewing Literature About the Role of Forensic Accounting in Detecting and Preventing Fraud in Financial Statements

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Artificial Intelligence, Internet of Things, and Society 5.0

Part of the book series: Studies in Computational Intelligence ((SCI,volume 1113))

Abstract

Many businesses all around the globe have an ever-increasing need for forensic accounting services and forensic accounting is necessary because of dishonest people and inaccurate technologies (Chayjan et al. in Int J Electron Bank 2:303–320, 2020) [1]. As the number of fraudulent activities in the business world skyrockets, more and more companies realize they need to hire forensic accountants. Forensic accounting applies accounting knowledge and an investigative mindset to unresolved situations within the framework of the rules of evidence (Adekoya et al. in Int J Emerg Trends Soc Sci 9:21–28, 2020; Al-Sartawi et al. in Cybersecurity aids financial institutions performance, pp. 91–104, 2021) [2, 3] agree that working in forensic accounting requires a combination of skills, including an awareness of fraud, a head for numbers, an appreciation of business realities, and an awareness of the law. One of the most effective and efficient methods of detecting and avoiding accounting fraud is forensic accounting.

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Author information

Authors and Affiliations

  1. CrediMax, Seef, Bahrain

    Naila Mohammed Malik

  2. Ahlia University, Manama, Bahrain

    Abdalmuttaleb Al-Sartawi

Authors
  1. Naila Mohammed Malik
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  2. Abdalmuttaleb Al-Sartawi
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Correspondence to Abdalmuttaleb Al-Sartawi .

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Editors and Affiliations

  1. American University in the Emirates, Dubai, United Arab Emirates

    Azzam Hannoon

  2. Integrated Development Academy for Training and Consultations, Amman, Jordan

    Abdullah Mahmood

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Malik, N.M., Al-Sartawi, A. (2023). Literature Review Reviewing Literature About the Role of Forensic Accounting in Detecting and Preventing Fraud in Financial Statements. In: Hannoon, A., Mahmood, A. (eds) Artificial Intelligence, Internet of Things, and Society 5.0. Studies in Computational Intelligence, vol 1113. Springer, Cham. https://doi.org/10.1007/978-3-031-43300-9_14

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