EVALUATING THE IMPACT OF FORENSIC ACCOUNTING ON CORPORATE GOVERNANCE AND ETHICAL FINANCIAL REPORTING IN EMERGING MARKETS
Micah Ezekiel Elton Mike, Usman Salamatu Aliyu, Omole Paul Martins and Anthony Kolade Adesugba
Volume 11 Issue 1
Abstract
This study evaluates the impact of forensic accounting on corporate governance and ethical financial reporting in emerging markets. By analyzing data from Nigeria, Brazil, Russia, China, and India, the research employs latent growth curve analysis (LGCA) and growth mixture modeling (GMM) to understand the adoption rates and growth trajectories of forensic accounting practices. The findings indicate that higher forensic accounting adoption is associated with improved corporate governance and more robust ethical financial reporting. Countries with stronger forensic accounting frameworks exhibit better governance structures and adhere more strictly to ethical financial reporting standards. These results underscore the critical role of forensic accounting in fostering transparency and accountability in financial markets. Policymakers are encouraged to enhance regulatory frameworks and invest in forensic accounting training, while practitioners should integrate forensic accounting techniques into their audits. Future research should explore longitudinal impacts and expand the study to other regions to validate these findings. Keywords: Forensic Accounting, Corporate Governance, Ethical Financial Reporting, Emerging Markets, Latent Growth Curve Analysis, Growth Mixture Modeling
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