FORENSIC AUDITING AND FRAUD DETECTION IN PRIVATE UNIVERSITIES IN UGANDA A CASE STUDY OF KAMP ALA INTERNATIONAL UNIVERSITY MAIN CAMPUS-KANSANGA

ABSTRACT

This study was set to investigate the role of forensic auditing on fraud detection m private

universities in Uganda particularly Kampala International University.

This study involved the use of 96 respondents who were engaged through the use of the

questionnaires which were majorly closed ended. A descriptive study design was used which

included both qualitative and quantitative research designs.

The main objectives of the study were to find out the manner in which forensic auditing affect

fraud detection and the relationship between forensic a.uditing and fraud detection in private

universities in Uganda

The study findings were that majority of the respondents strongly agreed that forensic auditing

can affect fraud detection through which among other measures include, the organization

regularly audit the books of accounts, the organization usually maintains records of what it owes

to the clients, the organization usually pays using the payment mode required by majority of the

respondents, the organization hire external auditors to prove the work done by the internal

auditors, the organization normally keeps a stringent book keeping policy, the organization has

put in place an office in charge of environmental accounting. The research was guided by two

research questions of the study, the first research question sought to find out whether forensic

auditing can help to curb down fraudulent activities in the organization majority of respondents

strongly agreed that forensic auditing can help to curb down fraudulent activities in the

organization.

This was prove through the following factors which were in a descending order, the organization

carries out careful planning and monitoring of cash flows over time so as to determine the

optimal cash to hold, the company has efficient cash flow management systems, the organization

regularly registers expenses as they are incurred, the organization's assets are put into their best

use and the organization always ensures that its debtors keep to their payment schedules through

regular follow up. The second research question was sought to find out the manner in which

forensic auditing affect fraud detection and the research revealed that it is through proper

planning and management of debtors internal control system.