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Forensic Accounting and Auditing: Effect on Corporate Governance, Financial Transparency, And Fraud Prevention in The Global Market A Quantitative Approach
Subject area: Science,Engineering and Technology · Area of research: Accounting and Finance
Abstract
Using secondary and quasi-secondary data analysis, a study is done on how forensic accounting and auditing help strengthen corporate governance, increase financial transparency and prevent fraud in the global market. The research applies a logit regression model to financial records, forensic audit reports, and corporate governance indices collected from various regulatory agencies, corporate filings, and global governance databases. Forensic accounting either strongly increases or does not increase corporate governance, and the dependent variable is modelled as a binary outcome. The study found that forensic accounting interventions lead to a strong positive correlation between the reduction of financial misstatements, the incidence of fraud and the improvement of governance structures. The results also suggest the importance of regulatory enforcement, audit rigour, and financial transparency in generating effects of forensic accounting measures. This study provides empirical evidence on the role of forensic accounting in fraud mitigation and governance enhancement to inform policy formulation and regulatory framework related to increasing financial oversight on the global markets.
Keywords
Forensic Accounting, Auditing, Corporate Governance, Financial Transparency, and Fraud, Global Market
How to cite this paper
@article{1708054,
author = {Ayotunde Qudus SAKA, Oluwatoyin Abayomi AMUDA, James Sunday KEHINDE, Taiwo Oluwatobi SAKA},
title = {Forensic Accounting and Auditing: Effect on Corporate Governance, Financial Transparency, And Fraud Prevention in The Global Market A Quantitative Approach},
journal = {Iconic Research And Engineering Journals},
year = {2025},
volume = {8},
number = {9},
pages = {1687-1699},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1708054.pdf},
abstract = {Using secondary and quasi-secondary data analysis, a study is done on how forensic accounting and auditing help strengthen corporate governance, increase financial transparency and prevent fraud in the global market. The research applies a logit regression model to financial records, forensic audit reports, and corporate governance indices collected from various regulatory agencies, corporate filings, and global governance databases. Forensic accounting either strongly increases or does not increase corporate governance, and the dependent variable is modelled as a binary outcome. The study found that forensic accounting interventions lead to a strong positive correlation between the reduction of financial misstatements, the incidence of fraud and the improvement of governance structures. The results also suggest the importance of regulatory enforcement, audit rigour, and financial transparency in generating effects of forensic accounting measures. This study provides empirical evidence on the role of forensic accounting in fraud mitigation and governance enhancement to inform policy formulation and regulatory framework related to increasing financial oversight on the global markets.},
keywords = {Forensic Accounting, Auditing, Corporate Governance, Financial Transparency, and Fraud, Global Market},
month = {March},
}