Forensic Accounting and Fraud Detection Control in Nigeria
Unuigbokhai Olufemi Anthony · Zenodo (CERN European Organization for Nuclear Research) · 2022
The study empirically examined the impact of forensic accounting and fraud detection control in Nigeria. The specific objectives were to; examine the effectiveness of forensic accounting in financial fraud control, the effectiveness of forensic accounting in improving financial reporting quality and to ascertain the relationship between forensic accounting and internal controls. The study adopted desk survey methods in gathering relevant information which was extracted from textbooks, libraries, published and unpublished journals. Pearson Product Moment Correlation statistical tool was adopted in this study. It was revealed that there was a significant relationship between forensic accounting and financial fraud detection, there was a significant relationship between forensic accounting and financial reporting quality and there was a significant relationship between forensic accounting and internal control. The study recommended that eradication of economic and financial crime through the adoption of forensic accounting in the system will improve the image of Institutions under-review. Also, recommended that government and regulatory authorities should ensure the provision of standards and guidelines to regulate forensic activities above all, therefore Nigerians should embrace integrity, objectivity, fairness and accountability in their day-to-day activities.