In this chapter the research
seeks to summarize, make conclusions and give recommendations on the impact of
forensic accounting in solving financial and economic crimes in Cameroon,
basing on the findings presented and making reference to the objectives set.
Recommendation for further study shall also be made.
Summary of Research
The study sought to analyse
the impact of forensic accounting in solving financial and economic crimes in
Cameroon. The main objectives of the study were to find out if forensic
accounting was an effective means of solving economic and financial crimes in Cameroon
and whether organisations should engage forensic accountants to break the
puzzle on fraud perpetration. A sample
of 50 employees, 10 employers and one regulator was used. This study was motivated
by the fact that Cameroon is rated one of the most corrupt countries with high
incident of corruption in Africa.
This has not been an easy
research as the area of forensic accounting/investigation was a new profession
which many people in Cameroone did not understand. Others were also not willing
to be interviewed due to issues of confidentiality within their organisations.
Regardless of these constraints the research managed to come up with
interesting findings and some conclusions were made.
the findings that the researcher obtained in fulfilling the objectives of the
study on the analysis of the impact of forensic accounting in solving financial
and economic crimes in Cameroon, the researcher came with the following
Cameroon does have an inactive and inexperienced regulator (ONECCA)
who regulates Accountants and lack the skills set to regulate Forensic
The role of Forensic Accountants is not understood by most people.
Most organisations do not have Forensic services departments within
Both employers and employees believe that forensic accounting is
effective in solving fraud cases.
The most prevalent type of fraud in Cameroon is:
of cash, physical assets or confidential information.
researcher has suggested a number of recommendations on the impact of forensic
accounting in resolving financial and economic crimes in Cameroon.
There is need for
creation of a body either through an Act of Parliament or otherwise, which
regulates the operations of all Forensic Accountants / Investigating
professionals. In the Republic of South Africa such a body exists which is
known as Institute of Commercial Forensic practitioners, (ICFP) and Cameroon
could take a cure from that.
There is need for
Colleges and other Institutions of Higher Learning to start offering
courses around the area of forensic accounting / investigations so that the
nation can develop its own professionals who will help the country in the
fight against fraud.
strive to have fully-fledged Forensic Services department with well
qualified professionals who will assist the organization in breaking the
puzzle on fraud cases. This is paramount at such a time when criminals very
training for personnel with responsibility of fighting crime should be
mandatory. This will help forensic experts to stay abreast with ways that
criminals use in perpetration of crimes.
It is also recommended
that the nation work with internationally recognized institutions such as
International Institute of Certified Forensic Investigation Professionals,
IICFIP Inc. The body’s mission is to promote excellence of forensic
investigation skills globally by carrying out accreditation and other
training in all countries across the globe evolving standards for forensic
investigation processes and creating a process for validating new
approaches to forensic investigation. To create a Common Body of Knowledge
for forensic investigation processes. The nation of Cameroon should take
advantage of this body which is also in the United Nations System under
ECOSOC to help in setting up its own national body according to the laws
of the country.
Suggestions for future research
Forensic investigation is a
new profession in most countries in Africa and beyond and Cameroon is not
spared, therefore there may be a need to study further the impact of forensic
accounting on solving economic and financial crimes in Cameroon. Further study
will help in unravelling how best organisations can take advantage of this new
profession which seems to be a magic in resolving fraud cases.