IMPACT OF FORENSIC ACCOUNTING KNOWLEDGE ON FRAUD DETECTION: WITH SPECIAL REFERENCE TO SRI LANKAN CONTEXT

Abstract

There is a tendency in the growth of financial frauds across the world and to uncover those frauds, main concideration has been drawn towards the forensic accounting concepts. Consequenttly, that has been lead to conduct a study to examine the impact between forensic accounting knowledge on fraud detection.The researcher has adoped the dedcuctive approach for this study and the primary data has been collected from 165 accounting practitioners in Sri lanka. Fraud detection has been considered as the dependent variable while accounting skills, legal background, knowledge of procedures, and forensic accounting knowledge have been considered the independent variables. For the analysis purpose, descriptive statistics, factor analysis and inferential statistics such as multiple linear regression have been adopted. The findings of the study revealed that there is a significant impact in between the accounting skills, knowledge of procedures and knowledge of forensic accounting on fraud detection while there is no any significant impact between the legal background and the fraud detection.