International Journal of Finance Research
Vol. 6 No. 2 (2025): International Journal of Finance Research

Applications of Forensic Accounting in Detecting and Preventing Financial Crimes

Saha, Palash (Unknown)
Dey , Kripa Nath (Unknown)
Chowdhury, Mohammad Shofiqul Islam (Unknown)
Das, Ripon Chandra (Unknown)
khan, Md Miraj Hossen (Unknown)
Tanvir, Md Tasnin (Unknown)
Halimuzzaman, Md. (Unknown)



Article Info

Publish Date
06 Jun 2025

Abstract

Financial crimes, including fraud, misuse, and money laundering, present considerable risks to Bangladesh's economic stability and public confidence in financial institutions. This paper examines the application of forensic accounting in identifying and mitigating such crimes, evaluating its efficacy, identifying obstacles, and exploring possible legislative measures. A quantitative poll involving 400 respondents from industries such as banking, accounting, auditing, and regulatory organizations indicated that 82% perceived financial crimes as prevalent, whereas 89% asserted that forensic accounting could substantially improve fraud detection. The study revealed multiple obstacles to adoption, including insufficient forensic knowledge (68%), technological constraints (56%), and inadequate regulatory enforcement (63%). Participants endorsed the incorporation of global best practices, including as AI-driven fraud detection and real-time transaction monitoring, while underscoring the necessity for policy reforms, training initiatives, and technical investments to enhance the accessibility and efficacy of forensic accounting. The results suggest that by overcoming these obstacles, Bangladesh can improve its financial crime prevention framework, promote organizational transparency, and establish a more robust financial system.

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Journal Info

Abbrev

ijfr

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

International Journal of Finance Research (IJFR) is a peer-reviewed journal which publishes original research papers. IJFR has been published since 2020. It is currently published quarterly (March, June, September & December). Areas of research include, but are not limited to Finance and Investment, ...