Scope of Implication of Forensic accounting and Fraud Investigation in an emerging economy: An empirical study on the banking sector of Bangladesh
1 Bangladesh Krishi Bank, Bangladesh.
2 Bangladesh University of Professionals, Bangladesh.
Research Article
World Journal of Advanced Engineering Technology and Sciences, 2024, 12(02), 214–225.
Article DOI: 10.30574/wjaets.2024.12.2.0278
Publication history:
Received on 23 May 2024; revised on 08 July 2024; accepted on 11 July 2024
Abstract:
The main objective of this study is to find out Forensic Accounting and fraud investigation (FAFI) implementation chances in the context of Bangladesh. Another objective of this study is to find out the reasons behind implementing Forensic Accounting and fraud investigation in the banking sector of Bangladesh.
This study has used regression, correlation and descriptive statistics to discuss the data. This study has collected a large number of sample from the accounting students who have forensic accounting knowledge or banking knowledge and the professionals of accounting. This study has provided a close ended questionnaire to the respondents to get their thoughts about it.
This study has found out that the government initiative can be the most important factor to implement Forensic Accounting and fraud investigation in the banking sector of Bangladesh. If government wants to implement, it can be implemented easily. The possibilities of implementation of Forensic Accounting and fraud investigation can be increased if the regulatory bodies have the courage to make it happen. This should be implemented in Bangladesh, since, the implementation of Forensic Accounting and fraud investigation can improve the situation of financial crime in the context of Bangladesh. Universities can play a great role in the process of implementation since, the implementation can be smooth by increasing the business knowledge of the stakeholders of the industry.
The implementation of this study is to find out the possible reasons to implementation of Forensic Accounting and fraud investigation in Bangladesh. Therefore, this study can help the stakeholders of the related industry to understand the important of Forensic Accounting and fraud investigation and the reasons of implementation in Bangladesh. This study can help to enlighten the core issues regarding FAFI.
The contribution of this study can help the stakeholders of the general industries of Bangladesh. This study is one of the very few studies where, Forensic Accounting and fraud investigation has been discussed to implement it in an emerging economy. This study has studied the possibilities and reasons of the implementation, which is very rare in this case.
Keywords:
Banking, Forensic Accounting; Fraud Investigation; Emerging economy
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