Forensic Accounting Analytics and Pension Fund Administration: A Study of Selected Administrators in Liberia

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Overview

The peril of fraud, corruption, and misfeasance are commonplace and are at the increase globally especially in Liberia. As a result, forensic accounting or forensic auditing has emerged as a result of the surge in fraud. Accordingly, the aim of this conceptual book is three-fold: First, it sought to absorb the art of forensic thinking among auditors; second, it aims at stimulating and promoting the understanding of basic forensic skills; and third, it aims at expanding the stock of literature in forensic accounting and audit. Given the broad spectrum of objectives of this book, the characteristics of a forensic auditor were examined and skills, as well as objectives of the forensic audit are discussed. In the discussion of the application of forensic audit, both reactive and proactive accountings were examined and followed by a highlight on the distinction between statutory audit and forensic audit. Detection techniques and steps in conducting forensic audits are also discussed. The book will conclude that forensic audit practice can reduce the incidence of fraud even in the Pension Fund.Keywords: Fraud, Corruption, Pension, Fund, Accounting, Forensic.