Forensic Accounting and Tax Fraud Detection in the Nigerian Public Sector
Mary-Fidelis Chidoziem Abiahu, Hilary Ukachukwu Nosiri, Theresa Nnenna Uwakwe · SSRN Electronic Journal · 2021
Financial fraud had for long been seen as a menace that led to the collapse of many organizations in the world. The Federal Government in a bid to reduce the cases of financial fraud, established many anti-graft agencies but yet the efforts seemed not to have yielded any results. Recently, the Federal Government approved the establishment of a new anti-graft agency, “The Proceeds of Crime Recovery and Management Agency. This goes to buttress that the issue of financial fraud, tax fraud inclusive has overwhelmed the government. Forensic accounting has been conceived as one of the most effective ways of reducing cases of tax fraud in Nigeria. Forensic accounting and tax fraud in the public sector was examined. The results showed that forensic accounting reduces the occurrence of tax fraud in the public sector and recommended that forensic accounting should be adopted by the public sector to meet up with the demand of technology.