Corporate Governance and the Role of Forensic Accountants in Saudi Arabia

The primary subject matter of this research is to investigate the role of forensic accountants in a corporation with sound fraudulent activities. To what extent does forensic accounting effect fraud detection in a developing country such as Saudi Arabia? Can forensic accountants stop fraudulent activities? The development of proper corporate governance in response to the indicators of possible financial fraud and clarifying the expected role of forensic accountants in the Saudi publicly traded corporation is of high importance. In addition, some explanation for the diverging views among academics and regulators in relation to the expected role of forensic accountants will be presented. The collected data were analyzed with descriptive statistics using ordinary least square (OLS) regression and Chi-square. The study reveals that the application of forensic accounting services on corporations does not affect the level of fraudulent activities in Saudi Arabia.