ABSTRACT
This study aimed at evaluating forensic accounting and its influence on fraud detectioN and prevention in Nigeria. The ex-post facto research design was adopted and data collected from both primary and secondary sources. The collected data was analysed using the ordinary least square technique. The empirical results the study revealed that the estimated coefficient of the regression parameters have positive sign and thus conform to our priori economic expectation. The implication of this -sign is that the dependent variable Fraud Detection & Prevention (FDP) is positively influenced by Assisted Auditing Technique (CAAT), Data Mining (DM), Relative Size Factor (RSF) and BenfordLaw (BL). The study revealed that Assisted Auditing Technique "(CAA 1'), Data Mining (DM), Relative Size Factor (RSF) and Benford Law (BL) have a significant influence on.fraud detection &prevention. In view of the crazefor money in Nigeria, misplace value judgment and the prevailing harsh economic environment. frauds are on the increase and the banks are losing amount running into millions of naira to fraudsters almost on daily basis. In most cases when the fraudsare detected early, amount already drawn are usually difficult to recover. The study recommended that auditors are expected to consider whether the informationpresented in the financial statements is relevant, reliable, comparable andĀ· understandable when formingĀ· an opinion. on whether financial statements fairly present the financial position, results of operations and cash flows of an entity and are required lo discuss their judgement about the quality of an entity's financial statements with the audit committee. It is recommended that this quality assessment will enhance the usefulness offinancial informationfor all users and should therefore.be included in the statutory auditor's report. Also, there should be great awareness of the problem of forensic accounting in Nigeria, as evidenced by articles in accounting and business journals. This poses a major threat to the accounting profession, in terms of their credibility and standing in the business community. It also creates major problems of litigation risk for auditors. If the government and the accounting profession in Nigeria work together then the concept of true andfair view can be a key part of the solution to this problem.
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND DISCUSSION OF |
FINDINGS |
4.1 Data presentation |
4.2 Analysis of
data |
4.3
Test of hypotheses |
4.4 Discussion -of findings |
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS |
5 .1 Summary of findings |
5 .2 Conclusion |
5 .3 Recommendations |
REFERENCES |
GABRIEL, A (2021). Forensic Accounting And Its Influence On Fraud Detection And Prevention In Nigeria (A Study Of First Bank Plc). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/forensic-accounting-and-its-influence-on-fraud-detection-and-prevention-in-nigeria-a-study-of-first-bank-plc-7-2
AU/ACC/14/24950, GABRIEL. "Forensic Accounting And Its Influence On Fraud Detection And Prevention In Nigeria (A Study Of First Bank Plc)" Mouau.afribary.org. Mouau.afribary.org, 08 Jan. 2021, https://repository.mouau.edu.ng/work/view/forensic-accounting-and-its-influence-on-fraud-detection-and-prevention-in-nigeria-a-study-of-first-bank-plc-7-2. Accessed 30 Oct. 2024.
AU/ACC/14/24950, GABRIEL. "Forensic Accounting And Its Influence On Fraud Detection And Prevention In Nigeria (A Study Of First Bank Plc)". Mouau.afribary.org, Mouau.afribary.org, 08 Jan. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/forensic-accounting-and-its-influence-on-fraud-detection-and-prevention-in-nigeria-a-study-of-first-bank-plc-7-2 >.
AU/ACC/14/24950, GABRIEL. "Forensic Accounting And Its Influence On Fraud Detection And Prevention In Nigeria (A Study Of First Bank Plc)" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/forensic-accounting-and-its-influence-on-fraud-detection-and-prevention-in-nigeria-a-study-of-first-bank-plc-7-2