Faboyede, Olusola Samuel and Mukoro, D. O. and Oyewo, B. and Fakile , A. S. (2014) CORPORATE GOVERNANCE AND THE ROLE OF FORENSIC ACCOUNTANTS. In: International CSR, Sustainability, Ethics & Governance Conference.
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Abstract
The formal mechanism of direction, supervision and control put in place within an organization ·in order to monitor the decisions and actions of its senior managers and ensure these arc compatible and consistent ·with the specific interest of shareholders and the various other interests of shareholders ·who contribute to the operations of the company is very fundamental to the sustainability and social relevance of any corporate entity. However, the challenge of poor corporate governance has been a leading factor in poor performance, manipulated financial reports, and disenchant~d stakeholders. In the modern day reporting climes, forensic accountants have come into limelight due to rapid increase in financial frauds, corruption, and white collar · crimes. They are in great demand for their accounting, auditing, legal, and investigative skills. ' This paper explores the valuable contributions forensic ac~ountants are positioned to make in the global task of stemming· the tide of Corporate Govemance failures in private and pub! ic organizations of the twenty-first century. Using the secondary data research methodology, the · paper finds that the engagement of forensic accountants will significantly expose and correct questionable accounting and managerial practices which have become seriously more insidious and widespread than imagined in Corporate Governance settings. The research therefore recommends that economic entities, corporations, regulators, govemments, and all stakeholders in the financial reporting process should be more resolute than ever in the engagement and application of forensic accounting skills to daunting Corporate Governance concems
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Corporate governance, forensic accountants, financial reporting, and corporate responsibility |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 12 Mar 2015 01:40 |
| Last Modified: | 12 Mar 2015 01:40 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/3849 |
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