Resolving Tax Related Fraud and Malfeasance with Forensic Audit

Research Paper (postgraduate) , 2020 , 11 Pages , Grade: 4.0

Business economics - Accounting and Taxes

This work is a theoretical study on the application of forensic audit and investigation in resolving tax related fraud and malfeasance.

The work aims to examine the application of forensic audit and investigation in combating fraudulent activities in corporate organization, to determine the characteristics required by forensic auditors as to combat fraudulent activities and to differentiate between forensic auditor and financial auditor.

Based on the findings, this work concludes that forensic auditing has improved management accountability, strengthened external auditor’s independence and assisting audit committee members in carrying out their oversight function by providing them assurance on internal audit. Therefore, the study recommends that the service of forensic auditors should be employed in Nigerian organisations.

Table of contents

Introduction

Objectives of the Study

Methodology

Literature Review
The Concept of Fraud
The Concept Misfeasance
The Concept of Forensic Auditing

Conceptual Definition of Strategic Tax Behaviors: Tax Evasion, Tax Avoidance and Licit Savings of Taxes

Activities being carried out by Forensic Auditors

Responsibilities of Forensic Auditors in combating Fraudulent Activities and Malfeasance

Detecting Tax related fraud & malfeasance

Conclusion and Recommendations

References

• Course: Accounting
• Grade: 4.0
• Author: Newman Enyioko (Author)
• Publication Year: 2020
• Pages: 11
• Catalog Number: V537296
• ISBN (eBook): 9783346128249
• ISBN (Book): 9783346128256
• Language: English
• Tags: Forensic Audit, External Auditor, Tax Evasion, Tax Avoidance, Fraud, Malfeasance, Corporate Governance.