Forensic Accounting Impact on Fraud Detection in Saudi Arabia

Abstract

The primary subject matter of this research is to examines the effect of forensic accounting on fraud detection in Saudi Arabia. The aim of this study is to determine the relationship between fraud detection and forensic accounting in the context of a developing country, Saudi Arabia. Descriptive Statistics are used to present quantitative descriptions in a manageable form. The collected data were analyzed with descriptive statistics using ordinary least square (OLS) regression and Chi-square. The study reveals that the application of forensic accounting services on firms affects the level of fraudulent activities. This paper findings conclude that forensic accounting services provide Saudi Arabian companies with the necessary tools to deter fraudulent activities but does not curb fraudulent activities.

Keywords: Forensic Accounting; Financial Fraud, Anti-fraud detection; falsification of accounts; and Saudi Arabia.

DOI: 10.7176/RJFA/13-20-02

Publication date:October 31^st 2022