Effectiveness of forensic accounting in detecting, investigating and preventing bank frauds in Zimbabwe
- Author
- Chitsora, Melinda V.
- Title
- Effectiveness of forensic accounting in detecting, investigating and preventing bank frauds in Zimbabwe
- Abstract
-
Fraud in the banking industry may have a detrimental impact on the credibility, effectiveness,
maintainability, and image of banks that are operating illegally. Financial accounting and bank
fraud have increased in the global economy, making forensic accounting an important new topic
for research, study, and endeavors. This study's major goal was to examine how forensic
accounting helped financial institutions identify, inquire into, and stop fraudulent activity.
A research questionnaire served as the main source of data for this study. The study's findings
showed that using forensic accounting services increased fraud investigation, detection, and
prevention. The study used descriptive methods and a sample of 25 respondents from 10
Zimbabwean commercial banks. The results of the study showed that financial institutions can
effectively combat fraud by using forensic accounting. The most common types of fraud in the
banking industry include embezzlement, document and application fraud, credit and debit fraud,
and bribery and corruption. - Date
- 2023
- Publisher
- BUSE
- Keywords
- Banking industry
- Fraud
- Supervisor
- N/A
- Item sets
- Department of Accountancy
