project report on “Accounting fraud and ethics- an overview of the Banking sectors of Bangladesh”

Abstract

Forensic accounting plays a crucial role in identifying and investigating various types of fraud within corporations. Despite the presence of both internal and external audits, business scandals continue to occur across industries, thereby increasing the demand for forensic accounting services on both a national and international scale. In Bangladesh, corruption and financial mismanagement have been prevalent in both government and private sectors, leading to significant challenges in financial oversight. This study aims to explore the specific types of fraud that occur within the country and emphasizes the growing importance of developing forensic accounting practices to address these issues effectively. To achieve the objectives of this research, a questionnaire was distributed to gather insights from a diverse group of professionals, including accountants, external auditors, and internal auditors working in both public and private banks, as well as manufacturing firms. The results of the study reveal notable differences in the perspectives of these experts regarding the role and effectiveness of forensic accounting in detecting and preventing fraud.