Purpose of Forensic Accounting: An Internal and External Auditors Perception

Abstract

Forensic accounting is the application of accounting, auditing and investigative skills in detecting frauds committed in the corporation. In the recent past, the recurrence of corporate scandals in spite of having external and internal audit raise the scope of forensic accounting through the world. This paper examines the importance of the emergence of forensic accounting as well as the effects of forensic accounting from the perception of external and internal auditors. The study was conducted amongst 25 external and 25 internal auditors of Bangladesh. Findings show diversified perceptions of the respondents in this respect.