Bridging the Gap. Why Forensic Accounting Education Must Evolve to Combat Modern Financial Crime
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Research Paper (undergraduate) from the year 2024 in the subject Business economics - Accounting and Taxes, grade: A, , course: B.Com. International Accounting and Finance, language: English, abstract: In an era of rapidly evolving financial crimes, forensic accountants are expected to serve as frontline investigators. Yet, current academic programs often fall short of equipping graduates with the practical and technological skills demanded by today's fraud landscape. This study explores critical misalignments between educational curricula and professional expectations within forensic accounti...
Research Paper (undergraduate) from the year 2024 in the subject Business economics - Accounting and Taxes, grade: A, , course: B.Com. International Accounting and Finance, language: English, abstract: In an era of rapidly evolving financial crimes, forensic accountants are expected to serve as frontline investigators. Yet, current academic programs often fall short of equipping graduates with the practical and technological skills demanded by today's fraud landscape. This study explores critical misalignments between educational curricula and professional expectations within forensic accounting. Using a combination of data analysis and practical case insights, the research identifies key deficiencies in current programs-namely outdated content, limited exposure to fraud analytics, a lack of digital forensic training, and insufficient litigation planning. The study emphasizes the urgent need for curriculum modernization through AI-integrated fraud detection modules, hands-on simulation work, and stronger collaboration between academia and industry. By proposing a structured, globally relevant educational framework, the authors advocate for a transformative shift in forensic accounting education-turning theory-based degree programs into practice-oriented training grounds for future financial detectives capable of tackling digital fraud in complex environments.
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