THE ROLE OF FORENSIC ACCOUNTING IN INTELLECTUAL PROPERTY THEFT CASES
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- NGN 3000
Abstract: THE ROLE OF FORENSIC ACCOUNTING IN INTELLECTUAL PROPERTY THEFT CASES
This study explores the role of forensic accounting in intellectual property (IP) theft cases, aiming to understand its effectiveness in detecting IP theft, quantifying financial losses, and supporting legal proceedings. Utilizing a survey research design, data were collected from 350 forensic accountants and legal professionals in Lagos, selected using Taro Yamane's formula to ensure a representative sample. The survey instrument achieved a reliability coefficient score of 0.90. Findings indicate that forensic accounting plays a critical role in identifying instances of IP theft, accurately quantifying associated financial losses, and providing crucial evidence in legal disputes. The study recommends that organizations employ forensic accountants to monitor IP assets continuously and train their legal teams on the integration of forensic accounting evidence in IP theft cases.
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