Role of Forensic Accounting in Combating the Shhortage of Fraud Examiners

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THE ROLE OF FORENSIC ACCOUNTING IN COMBATING THE SHORTAGE OF FRAUD EXAMINERS IN KENYA MACHARIA AGNES GAKENIA
BOC-008-0010/2008
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE FINAL YEAR RESEARCH PROJECT PROPOSAL OF THE BACHELOR OF COMMERCE AND BUSINESS ADMINISTRATION DEGREE PROGRAMME OF THE JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY JANUARY, 2011

CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the study

Forensic accounting is hardly a new field, but in recent years, banks, insurance companies and even police agencies have increased the use of these experts. Forensic accounting is basically fraud detection and investigative accounting. In the wake of high-profile corporate scandals as well as new regulations worldwide, many business leaders are increasingly aware of the need to create company-specific antifraud measures to address internal corporate fraud and misconduct. 1.2 Statement of the problem

The failure of statutory audit is to prevent and reduce misappropriation of corporate fund and an increase in corporate crime is going to put pressure on the professional accountant and legal practitioner to find a better way of exposing frame in business world. The study intends to find out how the knowledge of forensic accounting can reduce corporate fraud and mismanagement. It also intends to find out why companies in Kenya are hit by shortage of forensic accounting. 1.3 Objectives of the study

1.3.0 General objective of the study
To analyze, interpret, summarize and present complex financial and business in a manner, which is both understandable and properly supported. 1.3.1 Specific objectives of the study
i. To investigate and analyze financial evidence.
ii. To develop a computerized application to assist in the analysis and presentation of financial evidence communicating their finding in the form of reports, exhibits and collection of...
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