The impact of forensic accounting services on fraud detection and prevention among Commercial Banks in Kenya
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Date
2013-11Author
Omondi, Erick O
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Fraudulent practices in Kenyan banks have led to increased losses and collapse of
commercial banks, hence the need to use forensic accounting services to detect and
prevent such fraudulent activities. The banking industry is a very important institution
with many internal controls in order to overcome the fraudulent practices. The objective
of this study was to examine the impact of forensic accounting services on fraud
detection and prevention among commercial banks in Kenya, the most prevalent type of
fraud and to establish the major areas of application of forensic accounting services. The
data collection instrument preferred for the study was a questionnaire.
Findings from the study saw that fraud detection and prevention increased when forensic
accounting services was employed. The study used descriptive research survey design
and uses a sample of 47 respondents in 16 commercial banks in Kenya. The data was
analyzed using Statistical package for social sciences (SPSS). The study findings
indicated that the application of forensic accounting services by banks led to increased
fraud prevention in the commercial banks and the highest application was on enhancing
quality of financial reporting. The most prevalent type of fraud in the banking sector was
fraudulent expense claims.
Citation
Degree Of Master Of Business Administration (mba), School Of Business, University Of Nairobi November,2013Publisher
University of Nairobi, School of business,