Perceptions of stakeholders on the effects of forensic accounting on the detection of financial fraud in Zimbabwe’s commercial banks: a case study of Ecobank
- Author
- Tambudze, Denzel
- Title
- Perceptions of stakeholders on the effects of forensic accounting on the detection of financial fraud in Zimbabwe’s commercial banks: a case study of Ecobank
- Abstract
- This study serves to explore the perceptions of stakeholders on the effects of forensic accounting on the detection of financial fraud in Zimbabwe’s commercial banks in respect of Ecobank Zimbabwe as a case study. In recent times, the international banking sector has experienced an increase in financial fraud, causing significant economic losses and damaging the reputation of financial institutions. The main aim of the study is to analyze the effects of conducting investigations as a forensic accounting tool on the detection of fraud in commercial banks of Zimbabwe. The data was tested using descriptive statistics, utilizing a sample size of 53 stakeholders to ensure comprehensive analysis and accurate insights. The researcher applied stratified and purposive sampling techniques in collecting the data from stakeholders. The data was analyzed using inferential statistics methods on the Statistical Package for Social Science (SPSS), and also presented through graphical presentations such as diagrams, charts and tables. The findings of the study reflected that there is a highly significant relationship between financial fraud detection and conducting investigation as a forensic accounting tool. Due to an increase in information communication technology, the researcher recommends that commercial banks should employ more forensic accountants, so as to assist to combat modern day fraud and implement occasional training programs and workshops training staff on the evolution of forensic fraud.
- Date
- June 2024
- Publisher
- BUSE
- Keywords
- Commercial bank
- Stakeholders
- Forensic accounting
- Financial fraud
- Supervisor
- N/A
- Item sets
- Department of Accountancy
- Media
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Denzel Tambudze.pdf