A different approach to prevent fraud and embezzlement in firms: Forensic accounting

Abstract

There is great improvements in the fields of economy, technology and communication.In addition to this improvements, frauds and embezzlements in firms have increasedenormously because of abused information and technology. Financial costs of these adversedevelopments increase day by day. Therefore, it is not very likely to restrain and struggleagainst fraud and embezzlement by using old traditional methods. A specialized field calledas forensic accounting is an effective tool to prevent frauds and embezzlements in firms.The aim of this paper is to explain the extent and characteristics of forensic accounting,which has been practiced and utilized for many years in the USA and Europe but a newnotion in our country.