ABSTRACT

 The central point of this research work was how forensic accounting could be used in ensuring credibility of audited financial statements, Detection of fraud in reporting audited financial statements as well as detection of computer related fraud. The researcher desires to reflect the positive impact which forensic accounting can have, when incorporated into the mainstream of Nigerian quoted companies. Questionnaires were administered to generate the necessary primary data, and were analyzed descriptively, and the various hypotheses were tested using chi- square. Review of relevant literature was carried out so as to get a deeper insight and proper understanding of the subject matter. The result of the hypotheses testing proved that forensic accounting would help restore the credibility of audited financial statements, as well as detection of fraud in reporting audited financial statements and detection of computer related fraud or crime using forensic accounting procedures. It is therefore suggested that forensic accounting/auditing should be embraced and integrated into the mainstream of Nigerian organizations as a result of its low awareness and standardization in Nigeria It is recommended that forensic accounting be introduced into the curricular of tertiary institution in Nigeria in order to tap from the opportunities that are abound in choosing forensic accounting as a career.