Browsing by Author "Gebreselassie Semhal"

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    The Role of Forensic Accounting on Combating Fraud in Ethiopian Banking Industry
    (A.A.U, 2022-06) Gebreselassie Semhal; Fufa Takele
    This study assessed how forensic accounting helps in mitigating frauds in the Ethiopian Banking Industry. It aimed at identifying the types of frauds, causes and evaluating methods of forensic accounting applied and practiced. The study used a survey method as research design. Mixed type of research was applied by integrating qualitative and quantitative data to provide a complete image. The population of the study comprised 7 banks out of the 20 registered commercial banks which were established before 2000 G.C. Convenience sampling technique was used to select respondents from the population. Primary and secondary data sources are used to collect data from the respective departments. Sources of data comprised both interview and questionnaire. Primary data collected from respondents were analyzed using SPSS. Analysis and discussions comprise responses from the questionnaire and interview questions administered to the selected 7 banks along with the guideline by NBE. The findings of this study showed that forensic accounting methods and techniques applied by banks do contribute to detect, prevent and assist the investigative process of actual fraud cases. There are also factors causing to defect the role of forensic accounting techniques to be identified as weaknesses. Loose practice of internal control policies and procedures, inconsistent training and lack of practical deterring measures are some. Therefore, it is recommended that tight controls are practiced, consistent training is provided and strict punitive measures are applied to mitigate bank frauds.