The Role of Forensic Investigation Professionals in the Prevention of Fraud and Corruption in Developing Countries

Professor Alain Ndedi

International Council for Family Business; ISTG-AC; YENEPAD; Saint Monica University; University of Johannesburg; University of Pretoria; Charisma University

Professor Kelly Kingsly

Independent; Copperstone University ; Charisma university

Date Written: January 5, 2015

Abstract

The menace of fraud and corruption in nation building cannot be overemphasized, especially since the 2008 world economic crisis. In most cases, fraud and corruption have limited the economic growth and the development of infrastructures in many nations. Furthermore, with the advent of electronic transactions, the occurrence of fraud and financial crimes have not decline, but the modus operandi has indeed changed and increased. Many techniques have been developed to deal with these crimes. Experiences has shown that curbing the menace of fraud and corruption cannot be handled only by law enforcement and investigation agencies, because the problem requests to move beyond traditional auditing and investigation processes. This paper brings the impact of forensic investigation professionals in curbing and prosecuting fraud and corruption. The first part of the paper outlines the issue of fraud and corruption in nation building. The second part illustrates the impact of forensic investigation professionals in curbing financial fraud and corrupt practices.

Suggested Citation: Ndedi, Alain Aime and Kingsly, Professor kelly, The Role of Forensic Investigation Professionals in the Prevention of Fraud and Corruption in Developing Countries (January 5, 2015). Available at SSRN: https://ssrn.com/abstract=2545274