Effectiveness of forensic accounting services in financial crime detection and prevention in selected Public organizations in Dar Es Salaam Tanzania
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Date
2019-02
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics & management.
Abstract
The study examined the effectiveness of forensic accounting services in financial
crime detection and prevention in selected public organizations in Dar es Salaam,
Tanzania. The specific objectives of this study were:-to determine the effect of
litigation support services, business advisory services, dispute resolution services
and consultancy services on financial crime detection and prevention in public
organization in Tanzania. The study was guided by White collar crime theory by
Edwin Sutherland, General strain theory by Agnew’s ,Hierarchy of Effects Models by
Lavidge & Steiner and Agency Theory (AT) by Jensen & Mecking. The study was
guided by the philosophy of Pragmatism with survey design and mixed methods
research approach. The population for this study consisted of One thousand one
hundred and sixty five staff (1165). This included financials accountants, Layers,
internal auditors, Financial Crime Examiner, Investigators, forensic auditors and
external auditors in six (6) public organizations located within Dar es Salaam. The
organisations were Tanzania Ports Authority (Accountant, Internal Auditors and
Investigation Unit), National Audit Office, National Board of Accountants and
Auditors, Tanzania Police Force (Financial Crime Unit), Director of Public Prosecution
(DPP) and Accountant General Office (AGO). It employed purposive, cluster and
simple random sampling for collection of primary data. The data was collected using
structured questionnaires, semi-structured interviews and focus group discussions.
The descriptive statistics of means and standard deviation, frequencies and charts
were used to describe the quantitative data from respondents and to answer the
research questions. Regression data analysis approach was used to analyse the
quantitative data and content analysis was used to analyse the qualitative data. The
results revealed the coefficient value (Beta =0.324, t=8.612, P-value =0.000), which
implies that litigation support service contributing about 32.4% to the financial crime
detection and prevention in public organizations. The results also depicted (Beta
=0.353, t=12.922, P-value <0.005), which implies that business advisory services is
contributing about 35.5% to financial crime detection and prevention in public
organization. Similarly, the value (Beta =0.075, t=2.202, P-value <0.028) indicated
that dispute resolution services is contributing about 7.5% of the financial crime
detection and prevention in public organizations. Furthermore, the results (Beta
=.286, t=7.273, P-value <0.000), experts consultancy service is contributing about
28.6% towards financial crime detection and prevention in public organizations in
the study area. The study recommends for government provision of quality and
timely litigation support services in public offices. The study recommends that
enabling environment for business advisory services to clients should be provided,
while, by strengthening the legal, educational and political framework in Tanzania.
More so, the study suggested that government should provide enabling environment
for dispute resolution.
Description
A Dissertation Submitted to Directorate of Postgraduate Studies and Research, Kampala International University in Tanzania In Partial Fulfilment of the Requirements for the Award of the Degree of Doctor of Philosophy in Business Administration and Management (Finance& Accounting)
Keywords
Forensic accounting services, Financial crime detection, Public organizations, Dar Es Salaam Tanzania