THE ROLE OF DATA ANALYTICS IN DETECTING FINANCIAL REPORTING ANOMALIES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract:
This study examines the role of data analytics in detecting financial reporting anomalies in Lagos State, Nigeria. The objectives are to: (1) assess the effectiveness of data analytics tools in identifying anomalies, (2) evaluate the impact on the accuracy of financial reports, and (3) analyze the overall improvement in fraud detection. A survey design was selected for its ability to gather detailed data from financial professionals and IT specialists. The sample size, calculated using Taro Yamane's formula, ensures representativeness. Access Bank Plc was chosen as the case study due to its advanced data analytics initiatives. The reliability coefficient score of the survey was 0.93. Findings indicate that data analytics significantly improves the detection of financial reporting anomalies, enhancing the accuracy and reliability of financial reports. It is recommended that companies in Lagos State invest in data analytics technologies and training to leverage these benefits in financial reporting.
Related Project Materials
THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC DEVELOPMENT IN NIGERIA
Abstract
This research paper looks at foreign direct investment and economic development in Nigeria (20...
EFFECT OF AUTOMATED CLEARING SYSTEM ON BANK PERFORMANCE IN BANKING
GENERAL DESCRIPTION OF THE STUDY
The cheque clearing system is the means whereby bank exchange cheque d...
THE IMPACT OF EDUCATION IN THE DEVELOPMENT OF NIGERIA ECONOMY
Abstract
This study investigates the relationship between government spending on education and economic developmen...
THE ROLE OF INFORMATION GATHERING IN THE RAPID SOCIAL-ECONOMIC TRANSFORMATION OF NIGERIA
STATEMENT OF THE PROBLEM
There has been no previous research on role of information gathering in...
ASSESSMENT OF THE MILITARY AND POLITICS IN NIGERIA: THE DOMINATION OF THE MILITARY IN NIGERIA POLITICAL SPACE 1999 TO 2015
Background of the study
The name “Nigeria” was coined by Flora Shaw, who later became the w...
THE IMPACT OF ADMINISTRATIVE SKILLS TRAINING ON ORGANIZATIONAL SUCCESS
THE IMPACT OF ADMINISTRATIVE SKILLS TRAINING ON ORGANIZATIONAL SUCCESS
Abstract: This...
DESIGN AND IMPLEMENTATION OF A CREDIT CARD FRAUD DETENTION SYSTEM
STATEMENT OF THE PROBLEM
It has already been mentioned that the losses of a credit card fraud can affect all consumers,...
THE ROLE OF AUDITORS IN ORGANIZATIONAL GOALS ATTAINMENT
EXCERPT FROM THE STUDY
The role of internal auditing in the review of effectiveness of the internal control system is to...
INFORMATION SECURITY ADHERENCE IN INSTITUTIONS OF HIGHER EDUCATION: A Case Study of American University of Nigeria
Abstract
Institution of higher education face a higher level of information security incidence and compromise such as data and informatio...
ATTITUDE OF FARMERS TOWARDS PAYING FOR AGRICULTURAL EXTENSION SERVICES
ABSTRACT
The study assessed the attitude of farmers towards paying for agricultural extension services in Kaduna State....
