Investigating the Role of Traditional and Forensic Accounting Skills for Effectiveness of Financial Audit

DOI

10.2991/978-94-6463-544-7_28How to use a DOI?

Keywords

Forensic Accounting Skills; Traditional Accounting Skills; Forensic Audit; Financial Governance

Abstract

This research examines how external variables effect the relationship between forensic auditing skill and financial auditing quality. Financial audit effectiveness determines audit quality and credibility. The independent variable is forensic auditing skills and expertise. Factors help financial auditing and forensic auditing work together. Establishing the theoretical framework and identifying important constructs requires a comprehensive literature review. Empirical data comes from surveys and in-depth interviews with a variety of forensic accountants and lawyers. Correlation and regression are used to validate and analyze the alleged links. This study may impact forensic accounting theory and practice. Forensic auditing skills should improve financial audit efficiency. Financial audits are more efficient when collaborative work environments, information sharing, and forensic auditing methods are used. This research may effect several parties. Forensic auditing skill growth and improvement for Chartered Accountants and lawyers will be highlighted by the outcomes. The results will assist professionals identify areas for forensic accounting training and instruction. The study also emphasizes the need for inclusive workplaces where workers from varied backgrounds may collaborate. This research has wider implications for financial governance and fraud prevention lawmakers and organizations. Understanding the role of contributing elements may help create financial audit regulations that encourage transparency, accountability, and collaboration. This study illuminates how forensic auditing experience influences financial audit quality, adding to the growing body of forensic accounting knowledge. The study affects professionals, shapes laws, and improves financial audit processes to ensure data correctness.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yeashika Goyal
AU  - Pawan Kumar
PY  - 2024
DA  - 2024/10/17
TI  - Investigating the Role of Traditional and Forensic Accounting Skills for Effectiveness of Financial Audit
BT  - Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)
PB  - Atlantis Press
SP  - 425
EP  - 438
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-544-7_28
DO  - 10.2991/978-94-6463-544-7_28
ID  - Goyal2024
ER  -