Forensic accounting for matrimonial disputes in Malta

Abstract

Purpose: This study gives an insight into the local practice and perspective of practitioners towards forensic accounting for matrimonial disputes in Malta. The numerous techniques that are used in such a forensic accounting engagement are also identified and discussed. Ultimately, several potential enhancements which may be applied to this forensic accounting niche are evaluated. Design: By way of achieving the objectives of this study, a qualitative approach has been adopted. The findings relevant to the objectives were achieved through the means of semi-structured interviews with eleven research subjects. Data analysis has been carried out in order to compile all the necessary findings. Findings: The lack of forensic accounting awareness and the way which the current legal system operates, means that the potential value that a forensic accountant can bring in a matrimonial dispute case is not being achieved. Although local accounting practitioners have a general idea of how to tackle an engagement, the omission of several techniques left out by interviewees is a reflection of the lack of expertise that is present in Malta. The numerous potential enhancements derived out of this study is a strong indicator that there is plenty of room for improvement in this forensic accounting niche. Conclusions: It is evident that forensic accounting in general still needs more education, awareness and training dedicated to it. Moreover, forensic accounting in Malta is still in its early stages, especially when specialisation in this niche is concerned. The ultimate effect is felt by the market not being voluminous enough for it to be self-sustaining for a person to specialise in forensic accounting for matrimonial disputes. Value: This study has contributed towards the reduction of the gap that currently exists in the present literature in Malta associated with this subject area. This study may also serve as a basis of understanding which can be utilised by future accounting students and practitioners interested in specialising in this niche.