The purpose of this study is an attempt to understand the corporate fraud and explore the most effective fraud prevention mechanisms which are critical in reducing corporate fraud. The study is indicating How to keep watching on corporate fraud and its prevention should be undertaken in a collaborative way in view of accounting professionals, financial analysts, internal & external auditors, chartered accountants and other accounting officers in Bahrain. The result showed that Forensic Accountant is important in fraud investigation and curb and resolve economic and financial crimes in Bahrain economy. The purpose of my present proposed research work entitled “Forensic Accounting: An open window to keep watch on Corporate Fraud” detect the several fraud prevention mechanisms were applied in companies such as internal control, internal audit functions, and external audits of financial statements, which ranked the top-most fraud prevention mechanisms in terms of the percentage of existence. Our study shall also identify the causes of frauds, psychology of typical fraudster, threatening signs of an impending or recurring fraud and measures to detect and prevent frauds, by identifying the existence and effectiveness of fraud prevention mechanisms. The result showed that Forensic Accountant plays an important role in fraud investigation and restraint and determination economic and financial crimes in Bahrain economy.
Volume 11 | 01-Special Issue
Pages: 956-965