The role of forensic accountants in online dispute resolution: Benefits and challenges

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Abstract

The integration of technology into legal proceedings has become crucial. The potential of conducting trials, pleading, discovery, expert witnesses, and forensic accounting wholly or partially through online platforms is immense (Nasrallah et al., 2022). This paper aims to provide recommendations on the benefits and challenges of financial online dispute resolution. Through a comprehensive literature review, this paper identifies and explores the various benefits and challenges associated with incorporating forensic accountants into the online dispute resolution process. By examining the current landscape of online dispute resolution and the role of forensic accountants, this paper highlights the importance of having a robust technological framework and a well-trained team of forensic accountants to ensure the smooth functioning of online dispute resolution. The recommendations provided in this paper can serve as a valuable guide for policymakers, legal practitioners, and other stakeholders involved in the implementation of online dispute resolution systems. Overall, this paper contributes to the development of best practices for the use of forensic accountants in online dispute resolution and lays the foundation for future research in this field.

Keywords: Online Dispute Resolution, Law, Forensic Accounting, Financial Institutes

Authors’ individual contribution: Conceptualization — M.A.-T. and H.A.H.; Resources — M.A.-T. and H.A.H.; Writing — Original Draft — H.A.H.; Writing — Review & Editing — H.A.H.; Supervision — H.A.H.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: M41, M42, M43

Received: 13.01.2023
Accepted: 03.07.2023
Published online: 06.07.2023

How to cite this paper: Al-Tarawneh, M., & Haloush, H. A. (2023). The role of forensic accountants in online dispute resolution: Benefits and challenges. Journal of Governance & Regulation, 12(3), 53–60. https://doi.org/10.22495/jgrv12i3art6