Authors :
Jane Muthoni Gitahi; Livingstone Kipyego
Volume/Issue :
Volume 8 - 2023, Issue 11 - November
Google Scholar :
https://tinyurl.com/yckmmdtc
Scribd :
https://tinyurl.com/mr3n9zbp
DOI :
https://doi.org/10.5281/zenodo.10394526
Abstract :
The aim of this study was to examinethe effect
of forensic accounting and fraud controlling public
institutions in Kenya.The research utilized a systematic
review methodology, as guided by Preferred Reporting
Items for Systematic Reviews and Meta-Analyses
(PRISMA). Multiple databases search was conducted to
identify relevant studies related. Only primary studies
published between 2018 and 2023 were included, based on
the predetermined selection criteria. The screening and
selection process were performed in accordance with these
criteria. This study appropriately referenced and
acknowledged the secondary data sources and materials
used. Studies reviewed revealed a strong and positive
correlation between forensic accounting and fraud control.
Public institutions have implemented various measures,
including duties segregation, compliance policies and
management controls, to control fraud. Components of
forensic accounting, including segregation of duties,
internal controls, physical controls, compliance, and
dispute resolution, were found to be significantly linked to
fraud control. However, the systematic review of literature
highlighted that many public institutions in Kenya lack
effective fraud reporting policies and fraud control plans,
which presents a significant obstacle to fraud control
efforts. While public institutions in Kenya do have an
internal control function, it was observed to be less robust
than desired in preventing fraud. The study recommends
that public institutions in Kenya prioritize enhancing their
adoption of forensic accounting practices to better prevent
and control fraud. Moreover, the government should
create a supportive environment for the growth of forensic
accounting as a discipline, aligning with global trends in
fraud control. Regulatory organizations like the Institute
of Internal Auditors and the Institute of Certified Public
Accountants should incorporate forensic accounting into
their curriculum and training, making it a crucial
requirement for full membership accreditation in their
respective professions. For future research, it is suggested
to conduct primary studies among public institutions in
Kenya. By doing so, the findings would be more robust,
enabling a broader investigation into the impact of forensic
accounting on fraud control in these institutions. To gain a
deeper understanding of the topic, future studies could
also employ mixed methods to enhance findings.This study
is important to policy makers in public institutions, who
would be equipped with the necessary knowledge to
institute policies to prevent fraud. Finance and accounting
experts will benefit from this study’s findings as they
would better comprehend the how forensic accounting
affects fraud prevention. Consequently, the experts would
give informed professional counsel to their institutions and
other institutions.
Keywords :
Forensic Accounting, Fraud Control, Public Institutions.
The aim of this study was to examinethe effect
of forensic accounting and fraud controlling public
institutions in Kenya.The research utilized a systematic
review methodology, as guided by Preferred Reporting
Items for Systematic Reviews and Meta-Analyses
(PRISMA). Multiple databases search was conducted to
identify relevant studies related. Only primary studies
published between 2018 and 2023 were included, based on
the predetermined selection criteria. The screening and
selection process were performed in accordance with these
criteria. This study appropriately referenced and
acknowledged the secondary data sources and materials
used. Studies reviewed revealed a strong and positive
correlation between forensic accounting and fraud control.
Public institutions have implemented various measures,
including duties segregation, compliance policies and
management controls, to control fraud. Components of
forensic accounting, including segregation of duties,
internal controls, physical controls, compliance, and
dispute resolution, were found to be significantly linked to
fraud control. However, the systematic review of literature
highlighted that many public institutions in Kenya lack
effective fraud reporting policies and fraud control plans,
which presents a significant obstacle to fraud control
efforts. While public institutions in Kenya do have an
internal control function, it was observed to be less robust
than desired in preventing fraud. The study recommends
that public institutions in Kenya prioritize enhancing their
adoption of forensic accounting practices to better prevent
and control fraud. Moreover, the government should
create a supportive environment for the growth of forensic
accounting as a discipline, aligning with global trends in
fraud control. Regulatory organizations like the Institute
of Internal Auditors and the Institute of Certified Public
Accountants should incorporate forensic accounting into
their curriculum and training, making it a crucial
requirement for full membership accreditation in their
respective professions. For future research, it is suggested
to conduct primary studies among public institutions in
Kenya. By doing so, the findings would be more robust,
enabling a broader investigation into the impact of forensic
accounting on fraud control in these institutions. To gain a
deeper understanding of the topic, future studies could
also employ mixed methods to enhance findings.This study
is important to policy makers in public institutions, who
would be equipped with the necessary knowledge to
institute policies to prevent fraud. Finance and accounting
experts will benefit from this study’s findings as they
would better comprehend the how forensic accounting
affects fraud prevention. Consequently, the experts would
give informed professional counsel to their institutions and
other institutions.
Keywords :
Forensic Accounting, Fraud Control, Public Institutions.
