STEPS in BUSINESS EXCELLENCE

The Impact of Forensic Accounting Techniques in Detecting Financial Fraud "Survey Study of The Opinions of Certified Accountants in Syria"

Saja Hashem

Department of Accounting, Faculty of Economics, Tishreen University, Syria.

Afraa Ali

Department of Accounting, Faculty of Economics, Tishreen University, Syria.

Haider Haider

Department of Accounting, Faculty of Economics, Tishreen University, Syria.

DOI: https://doi.org/10.61706/SBEXC12003

Keywords: Financial Fraud Detection, Forensic Accounting Techniques, Financial Ratio Analysis, Trend Analysis, Data Mining, Critical Point Auditing, Relative Size Theory

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Abstract

The purpose of this study was to investigate the impact of forensic accounting techniques used by certified accountants in detecting financial fraud in the companies they audit. The data was collected from primary sources based on a questionnaire distributed to (120) certified accountants who are practicing the profession for the year 2023 and are allowed to audit financial companies in Syria. The results showed a statistically significant impact of the forensic accounting techniques (financial ratio analysis - trend analysis - data mining - critical point audit - relative size theory) used by the certified accountant in detecting financial fraud in Syria. The ability of forensic accounting techniques reached 18.5% in detecting financial fraud according to the opinions of certified accountants in Syria. It also showed a positive and statistically significant effect of the forensic accounting techniques used by the certified accountant in detecting financial fraud in Syria after controlling years of experience. The percentage of explained variance increased from (18.5%) to (25.3%).

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