THE IMPACT OF FRAUD DETECTION TECHNIQUES IN FORENSIC ACCOUNTING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF FRAUD DETECTION TECHNIQUES IN FORENSIC ACCOUNTING
This study investigates the impact of fraud detection techniques in forensic accounting within the banking sector in Lagos. The objectives are to evaluate the effectiveness of various fraud detection techniques, assess their impact on financial performance, and identify the challenges faced during implementation. A survey design was employed, gathering data from 250 forensic accountants and financial auditors, derived using Taro Yamane's formula. A detailed case study of a major bank in Lagos provided comprehensive insights. The reliability coefficient score of the survey instrument was 0.90. Findings indicate that advanced fraud detection techniques, such as data mining, digital analysis, and forensic software, significantly enhance the ability to detect and prevent fraud, thereby improving financial performance and integrity. However, challenges such as high implementation costs, complexity, and resistance to new methods were noted. Recommendations include investing in advanced training for forensic accountants, adopting user-friendly fraud detection software, and integrating these techniques with overall risk management practices to bolster fraud prevention and detection efforts.
Related Project Materials
IMPACT OF RUNWAY CAPACITY ON FLIGHT EFFICIENCY AND DELAY
Abstract
Congestion and delay at the airport are used in measuring the performance indicator (PI) of an...
AN INVESTIGATION INTO THE VARIABLES CONTRIBUTING TO WOMEN’S EFFECTIVE PARTICIPATION IN ADULT EDUCATION IN NIGERIA
Background of the study
The central tenet of the Nigerian educational system is the development of the whole person into...
DIGITAL MARKETING AS A KEY DRIVER OF SALES IMPROVEMENT AMONG SMALL AND MEDIUM SCALE ENTERPRISES
ABSTRACT
The study examined digital marketing as a key driver of sales improvement among small and medium scale enterpri...
COMPARISON OF THE EFFECTS OF INTENSITY LEVELS OF CONTINUOUS TRAINING ON PHYSIOLOGICAL AND BODY COMPOSITION VARIABLES OF ADOLESCENTS IN KADUNA METROPOLIS, NIGERIA
ABSTRACT
The study compared the effect of different intensity levels of continuous training on physiological and body composition variabl...
THE ROLE OF MEDIA AND COMMUNICATION IN TOURISM DEVELOPMENT
ABSTRACT
The media is increasingly playing an important role in promoting tourism. The SAT Strategy (2013: 12) suggests that the opportun...
STRATEGIES FOR GENERATING REVENUE FOR PUBLIC LIBRARIES IN NIGERIA (A CASE STUDY OF IBOM E-LIBRARY, UYO)
ABSTRACT
A library is an organized collection of sources of information and similar resources, made accessible to a defi...
THE ROLES OF THE MASS MEDIA IN THE FIGHT AGAINST RELIGIOUS CRISIS
THE ROLES OF THE MASS MEDIA IN THE FIGHT AGAINST RELIGIOUS CRISIS
ABSTRACT
This study was car...
IMPACT OF TECHNOLOGY CHANGES IN ACCOUNTING PROFESSION
ABSTRACT
This study was carried out to examine the impact of technology changes in accounting professio...
INFLUENCE OF ADVERTISEMENT ON STUDENTS’ PATRONAGE OF GOODMORNING CORNFLAKES
Abstract
Advertisement remains a special tool in the hand of manufacturers to make it products acceptable, adopted and y...
INVESTIGATING THE EFFECTIVENESS OF INSURANCE AS RISK MANAGEMENT TOOL IN CONSTRUCTION INDUSTRY
Abstract
The nature of construction business is risk versed. Most forms of construction contract recognized the use of i...
