Developing a strategy map for forensic accounting with fraud risk management: An integrated balanced scorecard-based...

Area of Science:

• Business and Management
• Accounting and Auditing

Background:

• Corporate fraud risk management is crucial for sustainable business development.
• Global reforms in forensic accounting technology enhance corporate governance and internal controls.

Purpose of the Study:

• To present an integrated methodology for forensic accounting implementation.
• To improve the identification of strategy map relationships using Balanced Scorecard (BSC) perspectives and criteria.

Main Methods:

• Integration of multiple-criteria decision making (MCDM) techniques.
• Application of Decision Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Process (ANP).

Main Results:

• Developed an integrated methodology for forensic accounting strategy map implementation.
• Identified strategy map relationships between BSC perspectives and criteria.

Conclusions:

• The methodology aids corporate decision-makers in enhancing governance and anti-fraud measures.
• Forensic accounting strategy maps provide insights into key indicator priorities for effective fraud risk management and planning.