Forensic accounting as a tool for fraud detection and prevention in the banking sector of Bangladesh

Abstract

The purpose of this study is to find out whether forensic accounting can be useful for detecting and preventing fraud in the context of Bangladesh in the banking sector. This study has taken samples of 300. This study has used bankers, accountants, students of accounting, teachers of accounting as its population. This study has done regression, correlation, descriptive statistics and multi collinearity analysis for the study. This study has found out that forensic accounting can be useful in Bangladesh. There is enough scope to implement forensic accounting in Bangladesh. This study has found out that there is no relationship between improvement of the morals of the employees and forensic accounting. This study is one of the very few studies in the context of Bangladesh which has used forensic accounting as a tool for prevention and detection after delay and activities. This study can be a unique study for the stakeholders of different companies of Bangladesh who wants to detect and prevent frauds. The main limitation of this study is not using More accountants as the sample of this study. this study could have used more sample to get a better result. This study can be very helpful for the stakeholders of all the companies of Bangladesh who wants to detect and prevent fraud to maximize their profitability and wealth of their company. with the help of this study the stakeholders will be able to understand how and why forensic accounting can be useful.