Impact Of Forensic Accounting On Fraud Control In Nigeria Banking Sector (A Study Of First Bank Of Nigeria Plc)
ABSTRACT
The study evaluates the impact of forensic accounting on fraud
control in Nigeria banking sector. The study specifically evaluate the influence
of computer assisted auditing, data mining, relative size factor and Benford 's
law techniques on fraud detection and prevention. Primary data was collected
using questionnaire distributed to the staff of First Bank Nig P/c in Abia
State and were analyzed using regression coefficient using the Ordinary Least
Squares (OLS) method. Findings from the study show that fraud detection and
prevention increased when forensic accounting techniques such as computer ass
isted auditing, data mining, relative size factor and Benford 's law were
employed. The study concluded that with these techniques adopted effectively in
banks, it will help stop fraudulent practices and help in the growth and stable
development of banks in Nigeria. It was recommended that management of First
Bank Nigeria Plc should at all times provide enabling environment for forensic
accountants to perform their duties effectively by providing them with the best
training facilities and conducive environment so as to effectively control
fraud.
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NDIBE, C (2021). Impact Of Forensic Accounting On Fraud Control In Nigeria Banking Sector (A Study Of First Bank Of Nigeria Plc). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-forensic-accounting-on-fraud-control-in-nigeria-banking-sector-a-study-of-first-bank-of-nigeria-plc-7-2
CHIKODI, NDIBE. "Impact Of Forensic Accounting On Fraud Control In Nigeria Banking Sector (A Study Of First Bank Of Nigeria Plc)" Mouau.afribary.org. Mouau.afribary.org, 22 Oct. 2021, https://repository.mouau.edu.ng/work/view/impact-of-forensic-accounting-on-fraud-control-in-nigeria-banking-sector-a-study-of-first-bank-of-nigeria-plc-7-2. Accessed 28 Nov. 2024.
CHIKODI, NDIBE. "Impact Of Forensic Accounting On Fraud Control In Nigeria Banking Sector (A Study Of First Bank Of Nigeria Plc)". Mouau.afribary.org, Mouau.afribary.org, 22 Oct. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-forensic-accounting-on-fraud-control-in-nigeria-banking-sector-a-study-of-first-bank-of-nigeria-plc-7-2 >.
CHIKODI, NDIBE. "Impact Of Forensic Accounting On Fraud Control In Nigeria Banking Sector (A Study Of First Bank Of Nigeria Plc)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-forensic-accounting-on-fraud-control-in-nigeria-banking-sector-a-study-of-first-bank-of-nigeria-plc-7-2