Role of Forensic Investigations in Reduction of Financial Fraud Among Commercial Banks in South Sudan

2024-03-29T12:34:56+00:00

Financial fraud poses a significant challenge to the banking sector globally, including South Sudan. This study aimed to investigate the effectiveness of forensic investigations in mitigating financial fraud within commercial banks. Employing a mixed-methods approach and an explanatory research design, the study targeted 119 respondents and nine commercial banks. Data was analysed using descriptive statistics and regression analyses. The findings revealed a strong association between increased levels of forensic investigations and a significant reduction in financial fraud among commercial banks in South Sudan. The study emphasized the crucial role of adopting sophisticated technologies like data analytics and forensic accounting techniques, as well as implementing robust internal control mechanisms, in enhancing the effectiveness of forensic investigations. Through bolstering forensic investigation practices, not only can financial fraud be curbed, but the overall integrity and trustworthiness of South Sudan's banking sector can be enhanced. To address financial fraud effectively, the study recommended that commercial banks invest in advanced forensic investigation tools and technologies, enabling them to better detect and prevent fraudulent activities. Furthermore, enhancing the training and capacity-building of forensic professionals within these institutions was identified as a means to improve their effectiveness in dealing with fraud. Strengthening internal control systems and fostering a culture of transparency and accountability were also highlighted as vital steps. This research holds significance in informing policy and practice within South Sudan's banking sector. Through highlighting the effectiveness of forensic investigations in combating financial fraud, the study emphasizes the importance of prioritizing forensic capabilities within commercial banks. Moreover, it contributes to the existing literature on forensic investigations and financial fraud, offering valuable insights for researchers and policymakers alike

The impact of Responsibility Accounting on Cost Efficiency. A Case of Reformed Church in Zimbabwe Period 2009-2014

2024-04-22T14:12:06+00:00

The study is set out to investigate the impact of responsibility accounting on cost efficiency at Reformed Church in Zimbabwe (R.C.Z) in Masvingo Province. The study was largely prompted by the fact that despite having been functional, the Organisation was still facing a lot of challenges characterised by abuse of resources such as misappropriation of funds, high labour turnover and low profitability as a result of high running costs. The study used Pragmatic approach and paradigm in its methodology. The target population for the study comprised of top, middle and lower-level management and a sample of 45 employees from the four departments in the province was used. Stratified random sampling (probability sampling) was used. It is observed that some departments were operating without a Responsibility accounting policy in place and also there was no communication of Responsibility accounting role to various employees. In addition it is observed that inadequate ‘training programmes of employees, failure to consider lower-level management in budgetary formation and Inter departmental conflicts are major challenges bedevilling effective implementation of responsibility accounting. The study concludes that responsibility accounting plays a critical role in enhancing cost efficiency within the organisation thus responsibility accounting has got a positive influence on cost efficiency. The study recommends that a uniform responsibility accounting policy be formulated across all departments’ effective supervision and control over each cost centre be implemented and adequate training programmes to employees be provided

International Journal of Finance and Accounting

Role of Forensic Investigations in Reduction of Financial Fraud Among Commercial Banks in South Sudan

The impact of Responsibility Accounting on Cost Efficiency. A Case of Reformed Church in Zimbabwe Period 2009-2014