Role Of Forensic Accounting In Preventing Fraud In Corporate Firms (A Case Study Of First Bank Nig. Plc And GT Bank)
ABSTRACT
Due to the ineffectiveness of
traditional audit to cope with the sophistication of modern fraud, many
organizations especially banks had to resort to forensic accounting. The basic
objective of this study was, therefore to empirically validate the claim that
it was only forensic accounting that can meet with the threat of today fraudsters.
It was a case study of some selected banks. Two single regression models were specified
for the study in order to capture the impact of forensic accounting on fraud.
The result from estimation of the models by applying ordinary least squares
(OLS,). With the use of e- view statistical software indicated that both
computer assisted auditing technology and data mining had a negative and
significant impact on fraud in the Nigerian banking system. It was recommended
that every bank and corporate organization should replace their traditional
audit department with one of forensic accounting, Nigerian legal system should
adopt forensic accounting for prosecuting cases of fraud, and the Nigerian
government and security agencies should adopt forensic accounting in the fight
against corruption and fraud.
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GODWIN, U (2021). Role Of Forensic Accounting In Preventing Fraud In Corporate Firms (A Case Study Of First Bank Nig. Plc And GT Bank). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/role-of-forensic-accounting-in-preventing-fraud-in-corporate-firms-a-case-study-of-first-bank-nig-plc-and-gt-bank-7-2
UCHECHUKWU, GODWIN. "Role Of Forensic Accounting In Preventing Fraud In Corporate Firms (A Case Study Of First Bank Nig. Plc And GT Bank)" Mouau.afribary.org. Mouau.afribary.org, 31 Aug. 2021, https://repository.mouau.edu.ng/work/view/role-of-forensic-accounting-in-preventing-fraud-in-corporate-firms-a-case-study-of-first-bank-nig-plc-and-gt-bank-7-2. Accessed 01 Nov. 2024.
UCHECHUKWU, GODWIN. "Role Of Forensic Accounting In Preventing Fraud In Corporate Firms (A Case Study Of First Bank Nig. Plc And GT Bank)". Mouau.afribary.org, Mouau.afribary.org, 31 Aug. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/role-of-forensic-accounting-in-preventing-fraud-in-corporate-firms-a-case-study-of-first-bank-nig-plc-and-gt-bank-7-2 >.
UCHECHUKWU, GODWIN. "Role Of Forensic Accounting In Preventing Fraud In Corporate Firms (A Case Study Of First Bank Nig. Plc And GT Bank)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/role-of-forensic-accounting-in-preventing-fraud-in-corporate-firms-a-case-study-of-first-bank-nig-plc-and-gt-bank-7-2